Housing Market
All Reports
August 21, 2025
15% of home purchases fell through last month—the highest July rate on record—as high homebuying costs made buyers skittish. Cancellations were most common in Texas and Florida. Roughly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract last month. That’s up from 14.5% a year earlier and […]
August 21, 2025
Monthly payments are falling primarily because mortgage rates have dipped to a 10-month low. But home sales are still lackluster, declining slightly from a year ago. The typical homebuyer’s monthly mortgage payment is $2,614, the lowest level since January and down $224 from May’s all-time high. Housing payments are falling mainly because mortgage rates are […]
August 19, 2025
U.S. home prices fell 0.1% in July, the third month-over-month decline in the past three months. On a year-over-year basis, home prices rose 2.9%, the lowest annual rate in Redfin’s records going back to 2012. A record 39 of the top 50 U.S. metros saw month-over-month price declines. U.S. home prices nudged 0.1% lower in […]
August 18, 2025
The typical home that went under contract in July sat on the market for 43 days—the longest July span since 2015—as pending sales hit a two-year low. Some sellers are reacting by, well, not selling; active listings posted the largest monthly drop since 2023. Home prices rose 1.4% year over year, a faster rate of […]
August 14, 2025
Developers obtained permits to build 12.8 multifamily housing units for every 10,000 people in the U.S. over the past year—down from an average of 16.7 during the pandemic building boom. North Port, FL and Austin are issuing more multifamily permits than any other metros Redfin analyzed, while Stockton, CA and Bakersfield, CA are issuing the […]
