The median U.S. asking price posted its smallest increase since the start of 2025 as more sellers come to terms with the reality of today’s buyer’s market. The median U.S. asking price was $407,000 during the four weeks ending July 13, up 2.9% year over year, the smallest increase in over four months. That’s just […]
Nearly one-quarter of Gen Zers and millennials who recently bought a home used either a cash gift from family or an inheritance to help fund their down payment, according to a recent Redfin-commissioned survey. Nearly one-quarter (23.8%) of young Americans who recently bought a home used family money to help fund their down payment, according
Pending sales fell 3.5% year over year during the four weeks ending July 6. That was the second biggest decline since early February, trailing only last week’s 4.1% fall. The median U.S. home sale price hit a record $399,633, up 1% year over year. There were some encouraging signs for sellers with mortgage purchase
Pending Sales Fall as U.S. Home Prices Hit Another Record High Read More »
New listings fell 1% year over year during the four weeks ending June 29, the first decline in nearly six months, with would-be sellers taking notice of slow demand. But it’s worth noting that the weekly average mortgage rate fell to 6.67%, its lowest level since early April. We’re taking a break from analysis this
New Listings, Pending Sales Fall As Home Prices Hit Another All-Time High Read More »
The daily average mortgage rate dipped to 6.67% to start July, down from roughly 7.1% five weeks earlier. On-the-fence house hunters should consider jumping in while they have more purchasing power–and more negotiating power. A homebuyer on a $3,000 monthly budget has gained $16,000 in purchasing power in the last five weeks. That buyer can
Condo prices fell amid increasing HOA fees and insurance costs. Single-family home prices, by comparison, rose 0.5%. Condo sales dropped 12%—more than three times as much as sales of single-family homes. Florida is the epicenter of the condo slump, with prices and sales down over 30% in some areas. The median U.S. condo sale price
Condo Prices Dropped 2% in May—the Second Largest Decline on Record Read More »
