Active listings fell 1.4% in August—the biggest decline since 2023—as homebuying anxiety spilled over to sellers. Mortgage rates dropped to the lowest level in about a year, which has led to an increase in refinancing activity but hasn’t yet translated into a jump in sales. Redfin expects existing-home sales to end 2025 roughly in line […]
Housing Supply Drops Most in 2 Years as Sluggish Demand Spooks Sellers Read More »
Pending home sales are up just 0.8% from a year ago, with many house hunters hoping rates will drop substantially more. But if that were to happen, sellers would regain the upper hand and home prices would likely rise more. The median U.S. home-sale price rose 2.2% year over year during the four weeks ending
The median home-sale price in Santa Barbara, the most expensive college town in the U.S., is almost $2 million. When it comes to housing, the most expensive college town in the U.S. is Santa Barbara, CA, home to a University of California campus with about 26,000 students. Santa Barbara’s median home-sale price is nearly $2
Places anchored by major universities and colleges have their own unique communities and housing needs. Here’s a look at key housing-market stats for U.S. college towns, from Eugene, OR to Madison, WI to Gainesville, FL. With back-to-school season in full swing, we’re taking a look at housing markets in the 50 biggest college towns in
Wages are up 4.1% year over year, while asking rents are up 2.6% and mortgage-payment growth has slowed to roughly 0% amid declining mortgage rates and a slowdown in home prices. Wages are up 4.1% year over year, outpacing gains in asking rents and mortgage payments, which are up a respective 2.6% and 0.2%. That’s
Wages Are Growing Faster Than Rents and Mortgage Payments Read More »
Pending home sales are up 1% from a year ago, and new listings are stagnant. Redfin agents say some house hunters are staying on the sidelines because they want mortgage rates to drop more significantly before jumping in. The daily average mortgage rate declined to an 11-month low of 6.28% this week, upping homebuyers’ purchasing
