New: The Redfin Data Center is here!

Access comprehensive market data, trends, and insights in one place

Learn More

Housing Market News

Inventory Growth Loses Steam As Would-Be Sellers React to Lackluster Homebuying Demand

Even though mortgage rates have come down from their peak, housing costs are still too high for many would-be buyers.  Housing inventory is losing momentum, with growth in total supply slowing down, new listings stalling, and delistings becoming more common.  The supply of U.S. homes for sale rose 5.1% year over year during the four […]

Inventory Growth Loses Steam As Would-Be Sellers React to Lackluster Homebuying Demand Read More »

15% of Home Purchases Fell Through in October, Up Slightly From a Year Earlier

Homebuyers are getting cold feet due to high housing costs and economic uncertainty. Many are convinced they’ll be able to find a home they like better because there are so many listings on the market. Homebuyers are most likely to walk away in Texas and Florida, and least likely in Nassau County, NY and the

15% of Home Purchases Fell Through in October, Up Slightly From a Year Earlier Read More »

Rising Home Prices, Economic Volatility Curb Would-Be Buyers’ Appetites in Leadup to Thanksgiving

U.S. home prices are increasing and mortgage rates ticked up last week after dipping to their lowest level in a year. Rising costs and widespread financial uncertainty are causing house hunters to retreat.  We’re taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market data. We’ll

Rising Home Prices, Economic Volatility Curb Would-Be Buyers’ Appetites in Leadup to Thanksgiving Read More »

Typical Retail Worker Earns $37,000 Less Than Needed to Afford Typical Apartment

The typical retail worker earns $34,000 per year, or 52% less than they would need to afford the typical apartment. Rental affordability has improved slightly in recent years; the typical retail worker earned 57% less than they would need during the pandemic moving frenzy. The earnings shortfall is smallest in Cleveland, where the typical retail

Typical Retail Worker Earns $37,000 Less Than Needed to Afford Typical Apartment Read More »

West Palm Beach Tops 10-Year Luxury Home Price Growth as Traditional Giants Like New York Lag Behind

Luxury home sale prices in West Palm Beach, FL have jumped 187.3% to a median $4.04 million over the past decade—the fastest growth among major U.S. metros. The Sun Belt is home to 8 of the 10 major metros with the fastest growth in luxury home prices since 2015. New York has posted the smallest

West Palm Beach Tops 10-Year Luxury Home Price Growth as Traditional Giants Like New York Lag Behind Read More »

Scroll to Top