Redfin.com home searches in out-of-town destinations have dropped 4% from a year ago, compared with a 16% drop for searches near home. Migration is holding up relatively well because high housing costs are pushing homebuyers to more affordable places, which is also the reason why a record one-quarter of home searchers are looking to move
New listings are down more than 20% from a year ago as homeowners hang onto low mortgage rates. That’s causing buyers to snap up homes quickly and keeping prices from falling further; prices are down by roughly 3% annually, similar to the declines we’ve seen over the last month. New listings of homes for sale
Gen Zers are tracking ahead of their parents’ homeownership rate: 30% of 25-year olds owned their home in 2022, higher than the 27% rate for Gen Xers when they were the same age. But the Gen Zers who didn’t take advantage of the pandemic-era’s low mortgage rates could be left behind. Millennials are tracking behind
Despite high housing costs and a limited supply of homes for sale, many people are out house hunting. The typical U.S. homebuyer’s monthly housing payment hit an all-time high of $2,538 as average weekly mortgage rates rose to 6.39% after five consecutive weeks of declines. The new high comes in spite of the median home-sale
New listings of homes for sale are down 25% from a year ago, marking the eighth straight month of double-digit declines. That’s making it difficult for buyers to find homes but giving some sellers a competitive edge. New listings of U.S. homes for sale dropped 25% from a year earlier during the four weeks ending
The number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February and remained nearly as low in March. Prospective second-home buyers are deterred by high costs, a slowing short-term rental market and the declining prevalence of remote work. Mortgage-rate locks for second homes were down 52% from
About Us
Updated January 2020: By searching, you agree to the Terms of Use, and Privacy Policy.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN’S FAIR HOUSING POLICY.
Copyright: © 2022 Redfin. All rights reserved. Patent pending.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
NY Standard Operating Procedures
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
United States
Canada