80.3% of mortgaged U.S. homeowners have a rate below 6%, down from a record 92.7% in the second quarter of 2022. Just over half (52.5%) of mortgaged homeowners have a rate below 4%, down from 65.1% in 2022. Increased housing supply shows that the mortgage rate lock-in effect is easing, but many buyers are still […]
The weekly average mortgage rate dropped for the ninth straight week, dipping to an 11-month low. But would-be buyers are hesitant because prices are high, the economy is uncertain and new listings are dwindling. The weekly average mortgage rate has fallen to 6.26%, the lowest level in nearly a year and down from roughly 6.8%
Pending Home Sales Post First Decline in 3 Months, Even As Mortgage Rates Drop Read More »
Four of last month’s most expensive sales were in coastal Florida, and one was a Beverly Hills estate previously home to billionaire real estate developer Rick Caruso. A Beverly Hills estate previously owned by billionaire real estate magnate and 2022 Los Angeles mayoral candidate Rick Caruso was the most expensive home sale of August, fetching
With nearly half of homeowners and renters struggling to afford housing, we’re taking a look at the family-related changes and sacrifices they’re making. Some are moving in with romantic partners, while others are continuing to live with their exes. More than two in five (44.4%) U.S. homeowners and renters struggle to afford their regular rent
U.S. home prices rose 0.2% from a month earlier in August on a seasonally adjusted basis. On a year-over-year basis, home prices rose 3.1%, the slowest rate recorded in Redfin Home Price Index (RHPI) data going back to 2012. 26 of the 50 most populous U.S. metros saw month-over-month price declines. U.S. home prices rose
U.S. Home Prices Ticked Up 0.2% in August Read More »
There were an estimated 506,000 more home sellers than buyers in August, meaning buyers held the negotiating power. But the tables could turn if falling mortgage rates bring more buyers off the sidelines. The number of buyers in the market fell to an estimated 1.4 million last month—the lowest level in records dating back to
Summer 2025 Was the Strongest Buyer’s Market in Records Dating Back Over a Decade Read More »
