Monthly mortgage payments are declining in some parts of the country as homebuying demand slows amid widespread economic uncertainty. The silver lining for buyers in those places: They have some negotiating power. Monthly mortgage payments are declining in 12 of the 50 most populous U.S. metro areas, half of them in Florida or Texas. The […]
The $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020. Market dynamics have shifted in favor of buyers, but sellers have been slow to adjust, which is why list and sale prices are diverging. The prices home sellers are asking for and the prices homebuyers are paying
The Typical Home Seller Wants $39,000 More Than the Typical Buyer Is Willing to Pay Read More »
Nationwide, home prices are up 2.1% year over year, the slowest growth rate in nearly two years. The median home-sale price declined year over year in 11 of the 50 most populous U.S. metro areas during the four weeks ending April 20. The last time home prices dropped in that many metros was over a
Home Prices Are Falling in 11 of the 50 Most Populous U.S. Metros, the Most in 19 Months Read More »
Home prices ticked up 0.2% month over month in March, the slowest pace since December 2022. On a year-over-year basis, home prices rose 4.6%, down from 5.1% growth the month before. It was the 11th consecutive month that annual growth had slowed. Twenty of the 50 most populous U.S. metros recorded a drop in home
U.S. Home Prices Ticked Up 0.2% in March, the Slowest Pace Since 2022 Read More »
More sellers are offering concessions as rising housing costs and economic uncertainty make buyers nervous, and housing supply hits a five-year high. In Seattle, 71% of sellers are giving concessions–the highest rate among the metros Redfin analyzed and nearly double the share from a year ago. Economic jitters are also prompting some buyers to back
U.S. home prices are growing half as fast as they were at the end of last year. Nationwide, the median home-sale price rose 2.6% year over year during the four weeks ending April 13. That’s roughly the same as the increases we’ve seen over the past month, but down from 5% to 6% growth at
