Weekly Market Update

Redfin’s Homebuyer Demand Index is rising and mortgage-rate locks are jumping, with some buyers wading back into the market now that the election has passed and the Fed has cut interest rates for the second month in a row.  Early indicators of homebuying demand show that buyers are returning after taking a hiatus in the […]

While home sales remained mostly resilient to election jitters and rising rates, Redfin agents report that some house hunters were waiting to hit the pavement until they knew more about the direction of the country and economy.  Pending U.S. home sales rose 4.3% year over year during the four weeks ending November 3, in line

Even with the impending presidential election and mortgage rates surpassing 7% for the first time since July, pending home sales posted their biggest increase in three years. But Redfin agents report some would-be homebuyers are pressing pause on starting their house hunt until the election passes.  Mortgage rates rose to 7% for the first time

Pending sales and home tours remain fairly strong as mortgage rates rise to their highest levels since mid-summer and uncertainty around the election picks up. Pending U.S. home sales rose 3.5% year over year during the four weeks ending October 20, the biggest increase in three years (with the exception of the prior 4-week period,

Pending home sales posted their biggest increase since 2021 this week. But some house hunters are starting to pull back.  Home sales are rising. Pending U.S. home sales rose 3.2% year over year during the four weeks ending October 13, the biggest increase in three years. On a local level, pending sales are up in

Home sales are rising in most major U.S. metros as housing payments sit near their lowest level since January, but they’re falling in coastal Florida as hurricanes hit the southeastern U.S. Mortgage rates rebounded over the weekend; that could soon begin to impact homebuyer demand. Pending U.S. home sales rose 2% from a year earlier