Dana Anderson

Listing consults with Redfin agents have risen significantly since rates began to fall last month. Our economists expect buyers will take advantage of lower rates and more listings in the new year, after the typical holiday slowdown.  This week’s falling mortgage rates, sizable year-over-year increases in both new listings and listing consults with  Redfin agents,

This week has brought a few pieces of good news to the housing market: Mortgage rates are dropping, new listings are rising and mortgage-purchase applications are up nearly 20% from their November low point.  Daily average mortgage rates have fallen to 6.82%, their lowest level since May. This marks the first time daily rates have

Prices are falling from a year ago in four Texas metros–Austin, San Antonio, Houston and Fort Worth–and in Portland, OR. Redfin predicts price declines will become more widespread in the new year. Homebuying is becoming more affordable as mortgage rates continue declining. The median U.S. housing payment was $2,561 during the four weeks ending December

The median monthly mortgage payment has declined more than $150 from its peak to its lowest level since August. Another piece of good news for buyers: New listings are seeing their biggest year-over-year increase since summer 2021. Housing payments have declined for the fifth week in a row. The typical U.S. homebuyer’s monthly mortgage payment

New listings posted their biggest year-over-year increase since 2021 during the four weeks ending November 19. The median monthly mortgage payment has fallen more than $100 over the last month as rates dropped from 8% to 7.3%. Buyers are acting on the good news: Mortgage-purchase applications increased 4% this week to their highest level in