Housing Market - Redfin

Housing Market

Affordability

The U.S. Housing Market Gained $2 Trillion in Value Over the Last Year

The total value of U.S. homes jumped 5%, the biggest gain in nearly a year, as a shortage of houses for sale propped up values. Affordable East Coast and Midwest metros saw gains of over 10%, while pricey metros and pandemic boomtowns saw declines. The U.S. housing market gained $2.4 trillion over the last year, […]

Florida’s Condo Prices Are Falling As Cost of Insurance and HOA Fees Skyrocket

Florida’s condo market is faltering as the increasing intensity of natural disasters pushes up home insurance costs, and HOA fees soar in the wake of the 2021 Surfside condo collapse.   Prices of condos in major Florida metros are dropping year over year, and sales are declining. New condo listings are soaring as sellers try to […]
Weekly Market Update

Housing Market Update: More Homes Hit the Market as Spring Approaches, But 7% Mortgage Rates Keep Buyers on the Sidelines

New listings posted their biggest increase in two months this week, but mortgage applications and pending sales declined as mortgage rates stay stubbornly high.  More sellers are listing their homes as spring draws nearer. New listings rose 10% year over year during the four weeks ending February 18, the biggest increase in two months. Sellers […]
Affordability

Redfin Home Price Index: Price Growth Holds Steady at Start of Year

Home prices rose 0.5% month over month in January, on par with December’s gain, as the drop in mortgage rates at the end of last year gave buyers a bit more purchasing power. U.S. home prices climbed 0.5% from a month earlier in January, matching the 0.5% gain seen in both December and November. On […]
Monthly Market Update

Housing Market Activity Lost Steam in January as Mortgage Rates Stopped Falling and Prices Kept Rising

New listings dropped for the first time since June and pending sales growth slowed; stagnating mortgage rates and the biggest home-price jump in over a year caused the market to lose momentum. Housing market activity stalled slightly in January as mortgage rates stopped falling, housing costs climbed and buyers and sellers grappled with worse-than-expected winter […]
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