Housing Market - Redfin

Housing Market

Weekly Market Update

Housing Market Update: Pending Home Sales Drop 13% Year Over Year As Mortgage Rates Stay Stubbornly High

With monthly housing payments at an all-time high, would-be buyers are waiting for homes to become more affordable. But slightly more homeowners are listing their homes this month, providing a glimmer of hope for buyers who want more to choose from.  What homebuyers are doing: Waiting for homes to become more affordable and for more …

Housing Market Update: Pending Home Sales Drop 13% Year Over Year As Mortgage Rates Stay Stubbornly High

Most Housing-Survey Respondents Support More Homebuilding, But Many Don’t Want a Complex in Their Neighborhood

Nearly 80% of respondents to a recent Redfin survey support policies that promote homebuilding. But just one-third of them would feel positive about a large new apartment complex built near their home. Nearly four of every five (78%) respondents to a recent Redfin survey support policies that promote building more housing. But just one-third (32%) …

Most Housing-Survey Respondents Support More Homebuilding, But Many Don’t Want a Complex in Their Neighborhood

Monthly Market Update

Home Purchases Fell Through at the Highest Rate in Nearly a Year in August

Some homebuyers got cold feet as mortgage rates hit the highest level in over two decades and prices continued to rise, but buyer demand and new listings have stabilized following months of declines. Residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker …

Home Purchases Fell Through at the Highest Rate in Nearly a Year in August

Demand for Vacation Homes Sits Near 7-Year Low Due to High Housing Costs, Return-to-Office Mandates

Mortgage rate locks for second homes are down nearly 50% from pre-pandemic levels, compared to a 33% drop for primary homes.  Mortgage-rate locks for second homes were down 47% from pre-pandemic levels on a seasonally adjusted basis in August, compared to a 33% decline for primary homes. August marks the 14th-straight month that second-home demand …

Demand for Vacation Homes Sits Near 7-Year Low Due to High Housing Costs, Return-to-Office Mandates

Weekly Market Update

Housing Market Update: Monthly Housing Costs Hit All-Time High, Deterring Would-Be Buyers

7%-plus mortgage rates and increasing home prices have pushed the typical U.S. monthly mortgage payment to a record high, and sent pending home sales down 12% year over year.  What homebuyers need to know: It’s more expensive than ever to buy a home. The median monthly mortgage payment hit an all-time high of $2,632 during …

Housing Market Update: Monthly Housing Costs Hit All-Time High, Deterring Would-Be Buyers

1 in 10 Home Sellers Are Moving Because They’re Being Called Back to the Office: Survey

Return-to-office mandates are forcing some people to choose between selling their home at a loss or losing their job. Roughly 20% of surveyed sellers say they’re moving due to safety/crime concerns, a desire to live somewhere more aligned with their social views and/or lower taxes. About 10% of respondents cite discrimination in their neighborhood and/or …

1 in 10 Home Sellers Are Moving Because They’re Being Called Back to the Office: Survey

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