Search Results for: housing market update

The median U.S. home price rose 5.2% year over year this week, and mortgage rates hit their highest level since November 2023. Prices continue to rise partly because there are still serious buyers searching for homes.  The median U.S. home-sale price hit a record $383,725 during the four weeks ending April 21, up 5.2% from […]

Daily average mortgage rates jumped to their highest level since last November after last week’s disappointing inflation report. Persistently high home prices are exacerbating affordability challenges for buyers.  The average daily mortgage rate this week surpassed 7.4%, the highest level since last November, after a hotter-than-expected inflation report and the Fed’s confirmation that interest-rate cuts

Daily average mortgage rates reached their highest level in nearly five months following Wednesday’s hotter-than-expected inflation report,  which will likely keep mortgage rates elevated for the foreseeable future.  The median monthly U.S. housing payment hit an all-time high of $2,747 during the four weeks ending April 7, up 11% from a year earlier. Housing payments

Growth in new listings slowed this week as some sellers pressed pause over Easter. Housing costs remain stubbornly high, deterring some buyers–but Redfin economists say costs could come down soon. What sellers are doing: New listings of U.S. homes for sale rose 8.4% from a year earlier during the four weeks ending March 31, the

There are more homes for buyers to choose from, with new listings posting their biggest uptick in nearly three years.  The typical U.S. monthly housing payment hit an all-time high of $2,721 during the four weeks ending March 24, up 10% from a year earlier. Housing payments are at a record high because of the

The supply of homes for sale is picking up in time for spring homebuying season, and improving inventory is attracting some buyers. The total number of U.S. homes for sale climbed 5%,  the biggest year-over-year uptick since May 2023, during the four weeks ending March 17. New listings rose 15%, the biggest increase since June

There are more homes for sale as spring approaches, and house hunters are hitting the pavement. Home touring activity is rising, and mortgage-purchase applications are up 11% this week. New listings rose 13% from a year earlier nationwide during the four weeks ending March 3, the biggest increase in nearly three years. The boost in

More sellers are listing their homes, but 7% mortgage rates and still-high home prices are pushing down sales.  New listings of U.S. homes for sale rose 13% year over year during the four weeks ending February 25, the biggest increase in nearly three years. Total inventory is also improving: Active listings are flat from a

New listings posted their biggest increase in two months this week, but mortgage applications and pending sales declined as mortgage rates stay stubbornly high.  More sellers are listing their homes as spring draws nearer. New listings rose 10% year over year during the four weeks ending February 18, the biggest increase in two months. Sellers