The typical home that went under contract in February spent 66 days on the market—the slowest February pace in a decade. The typical buyer scored 1.8% off the list price—the biggest February discount since 2023; sellers outnumber buyers, giving buyers negotiating power. Pending home sales and new listings both inched down last month, while home […]
Homebuyers Can Afford to Take Their Time Heading Into Spring 2026 Read More »
The average rate for an ARM so far this month is 5.51%, compared with a 6.19% average for a 30-year fixed rate mortgage. The typical homebuyer using an ARM takes on a monthly payment of $2,578, down 7% from last year. Today’s ARM discount is big enough that buyers should talk to their lender about
A Redfin agent in Austin said the upside of higher mortgage rates is that they decrease competition, allowing house hunters to negotiate prices down and ask for concessions. Mortgage rates are bouncing back up and home-sale prices are rising. The weekly average mortgage rate rose to 6.11% last week, the highest level since the start
By comparison, the bottom 20% of U.S. earners hold just 5% of real estate wealth. The top 1% of earners in America hold 12.7% of the country’s real estate wealth, and those in the 80th to 99th income percentile hold 43.7%. All together, that means the top 20% of earners hold more than half (56.4%)
The Top 20% of Earners Hold Nearly 60% of America’s Real Estate Wealth Read More »
For the first time, the oldest Americans (70+) held a larger share of real estate wealth than middle-aged Americans (40-54). The 70+ age group is the only one that has experienced consistent gains in real estate wealth. Younger Americans, who have grappled with rising home prices and mortgage rates, have seen their portion of the
The Oldest Americans Held More Real Estate Wealth Than Ever Before In 2025 Read More »
Redfin estimates inventory could increase 6%-12% in markets where sellers have the flexibility to test out pricing strategies before listing. Allowing sellers to gauge early interest in their homes encourages more accurate pricing, which reduces the chances of homes lingering on the market and selling for below the list price. Redfin economists estimate annual housing