Active listings are rising in part because many homes are lingering on the market, causing supply to pile up. 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 be back with full commentary after the holidays. Note: Some metrics are showing weakness […]
Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year Read More »
Home prices grew 0.5% month over month in November, the third consecutive month with a 0.5% increase. On a year-over-year basis, home prices rose 5.7%, the smallest annual increase since October 2023. 14 of the 50 most populous U.S. metros recorded a drop in home prices month over month. U.S. home prices grew 0.5% from
U.S. Home Prices Rose 0.5% in November Read More »
Home sales are up 28% year over year in Portland, OR—the biggest gain of any major U.S. metro. Next come San Jose, Seattle and San Francisco, which also saw double-digit increases. In Portland, OR, home sales jumped 27.6% year over year in November—the biggest increase among the 50 most populous U.S. metropolitan areas. It was
Home Sales Surge by Double Digits in Pricey West Coast Markets Read More »
Homeowners with kids living under their roof are much more likely to receive help from family with down payments and/or monthly mortgages than their no-kids counterparts, according to a recent Redfin-commissioned survey. That’s partly because they’re buying bigger, more expensive homes. One-quarter (25%) of recent homebuyers who have kids living at home received a cash
New listings posted their second-biggest annual increase since early summer this week, and pending home sales continue to rise. New listings of homes for sale are up 7.6%, the biggest year-over-year increase since June (except the four weeks ending November 24, when the increase was inflated due to Thanksgiving). This is based on data from
Homebuying activity picked up in November as election uncertainty dissipated and buyers grew more accustomed to elevated mortgage rates. Existing home sales for the full year will likely be in line with 2023 levels, but we expect activity to tick up in 2025. Existing home sales rose 0.7% month over month in November to a
Existing Home Sales Rise to Highest Level in Over a Year and a Half Read More »
