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Housing Market News

House Hunters Are Back As Monthly Mortgage Payments Post First Annual Decline Since 2020

Signals of early-stage homebuying demand, including home tours, are gaining momentum as mortgage rates stabilize at a 15-month low.  The median U.S. monthly mortgage payment was $2,587 during the four weeks ending August 18, its lowest level since February and down 0.1% from a year earlier. That’s a tiny drop, but it marks the first […]

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Here’s What a Kamala Harris Presidency Could Mean For the Housing Market

Democratic presidential nominee Kamala Harris unveiled a plan that promises to combat the housing affordability crisis, and boost supply and demand. Harris’s plan is appealing, but will take a careful balancing act to pull it off. U.S. home-sale prices have risen nearly 40% since President Biden took office, mortgage rates are just now coming down

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Existing Home Sales Rose 0.6% Last Month, But Were At the Lowest July Level on Record

Sales of existing homes fell 2% year over year to a seasonally adjusted annual rate of 4.1 million in July. Pending sales were down 3% month over month and 6% year over year—both of which were the biggest drops in nearly a year. Home prices were just 0.7% below their record high—one reason buyers stayed

Existing Home Sales Rose 0.6% Last Month, But Were At the Lowest July Level on Record Read More »

Arizona and Nevada Have Lost Tens of Thousands of Registered Democrats Since the Last Presidential Election

These swing states have not turned blue despite the influx of people who have moved in from California and other blue states. And Redfin’s analysis found that Democrats haven’t gained ground relative to Republicans in the two southwestern swing states since Kamala Harris replaced Joe Biden. Two swing states have not turned blue since the

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