Housing Market - Redfin

Housing Market

Monthly Market Update

New Listings Rose to the Highest Level in 17 Months in February

Housing supply is finally rebounding as sellers get used to elevated mortgage rates, but it’s not rebounding enough to curb home price growth. High housing costs mean many house hunters remain hesitant to commit. New listings jumped 3.8% month over month on a seasonally adjusted basis in February—the biggest increase in six months—to the highest […]
Affordability

Majority of U.S. Homeowners and Renters Say Housing Affordability Affects Their Pick for President

Meanwhile, nearly two-thirds of respondents to a new Redfin survey say housing affordability makes them feel negative about the economy. More than half (53.2%) of U.S. homeowners and renters say housing affordability is impacting who they plan to vote for in the upcoming presidential election. That’s according to a Redfin-commissioned survey conducted by Qualtrics in […]

Black Millennials Are Half As Likely to Own a Home As White Millennials

The racial homeownership gap is biggest for millennials, but it exists in every generation. Redfin economists expect the gap to shrink for millennials in the near future.  Just one-third (33%) of Black millennials own their home, compared to two-thirds (65%) of white millennials.  That’s the largest gap of any generation, but Black Americans are much […]
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