Weekly Market Update

The median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. Pending home sales crept up 0.4% week over week.  We’re taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market […]

The median U.S. home price hit a record high, one factor that’s pushing some prospective buyers away.  New listings of U.S. homes for sale fell 1.7% from a week earlier during the week ending June 21 to their lowest level since February.  The total number of homes for sale dipped 0.4% week over week, the

High housing costs and economic instability are driving would-be buyers away.  The median U.S. home-sale price hit a record $400,894 during the four weeks ending June 7, up 1.5% year over year. That marks the first time the typical American existing home has sold for over $400,000, according to a Redfin analysis of MLS data.

Would-be home sellers are stepping back as high rates and economic jitters keep buyers on the sidelines. New listings of U.S. homes for sale are down 1.3% week over week, one of the biggest declines of the year.  Prospective home sellers are backing off because homebuying demand has slowed down. Pending home sales ticked down

Some would-be homebuyers are hesitating as housing costs rise and the ongoing Iran war makes the economy feel shaky.  Fewer house hunters are going under contract to buy homes. U.S. pending home sales fell 1.5% from a week earlier on a seasonally adjusted basis during the week ending May 24, the second straight decline after