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 […]
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 […]
The share of homeowners who are “in the money” for a refinance has hit its highest level in over four years as mortgage rates dip to around 6%. But less than 1 in 10 eligible homeowners have refinanced, even though they stand to save money. One in five (19.8%) U.S. homeowners with a mortgage could […]
After several months of declines, new listings are posting a small improvement. Sellers are betting on mortgage rates that are closer to 6% than 7% bringing buyers off the sidelines. New listings of U.S. homes for sale rose 0.5% from a year earlier during the four weeks ending March 8, the first increase since November. […]
The majority of Americans say the military conflict with Iran isn’t impacting their plans to buy a home or car, per a new Redfin survey. The Iran conflict has a smaller impact than tariffs or concerns about job security on purchase plans. The impact of October’s government shutdown was similar. One-quarter (25%) of Americans are […]
Nearly 45,000 sellers who delisted their homes last year relisted them in January—the highest January number in records dating back a decade. This could further boost housing supply, enabling homebuyers to score even bigger discounts than they’re already getting. Relistings are most common in pricey West Coast markets like the Bay Area, and least common […]