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Housing Market News

Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride

U.S. investor home purchases fell 2% year over year in the third quarter, a much smaller change than the swings of the last several years. Purchases are now back near pre-pandemic levels.  In Florida, investor purchases posted double-digit declines amid an ongoing climate and insurance crisis. But investor purchases saw double-digit gains in a handful […]

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Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage Rates

The number of homebuyers and sellers contacting Redfin agents has jumped over the last week, with Redfin’s Homebuyer Demand Index posting its biggest year-over-year increase since early 2022.  Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates for the second time in a row.  The

Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage Rates Read More »

Moved By Fear: 18% of Home Hunters Say Safety/Crime is a Reason They’re Moving, 14% Cite Climate Risks

17.5% of respondents who plan to move in the next year cited a concern for safety/crime as one of the reasons why, while 13.7% cited a concern for natural disasters or climate risks. Safety and climate risk fears outranked a range of reasons to move, including lower property taxes, family changes, and higher rated schools.

Moved By Fear: 18% of Home Hunters Say Safety/Crime is a Reason They’re Moving, 14% Cite Climate Risks Read More »

Home Sales Sink Across Florida Amid Hurricane Recovery, Surging HOA and Insurance Costs

The five U.S. metro areas where pending sales are falling most are all in Florida, though the declines are easing in some metros following a destructive hurricane season. Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest.  In Fort Lauderdale, pending sales dropped 15.2% year over year during

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U.S. Home Prices Rose 0.5% in October, Marking a Year of Consistent Growth

Home prices grew 0.5% month over month in October, rising at the same pace as September. It was the 12th consecutive month with price growth between 0.2% and 0.7%. On a year-over-year basis, home prices rose 5.9%, the smallest annual increase since December. Eight of the 50 most populous U.S. metros recorded a drop in

U.S. Home Prices Rose 0.5% in October, Marking a Year of Consistent Growth Read More »

Most People Earning Under $50,000 Struggle to Afford Housing. Nearly One-Quarter of Them Have Skipped Meals to Make Their Payments.

Most U.S. residents who earn less than $50,000 struggle to afford their mortgage or rent payments, according to a recent Redfin-commissioned survey.  Of those earning under $50,000 who struggle to afford housing, 21% have delayed or skipped medical treatments, while 15% have worked a side hustle.  Broken down by generation, nearly one-quarter of Gen Zers

Most People Earning Under $50,000 Struggle to Afford Housing. Nearly One-Quarter of Them Have Skipped Meals to Make Their Payments. Read More »

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