Housing Market
All Reports
April 10, 2025
Americans need an annual income of $117,000 to afford the typical home for sale. That’s 82% more than they need for the typical rental, up from 73% more last year. The gap is widening because home prices are rising faster than rents. The gap is widening most in Salt Lake City and Austin, and shrinking […]
April 10, 2025
Pending home sales and mortgage applications improved a bit at the start of April. But since then, the back-and-forth on President Trump’s new tariff policy, rising mortgage rates and the increased odds of a recession have likely pushed down homebuying sentiment. The housing market is under pressure as prospective homebuyers and sellers navigate a rapidly […]
April 8, 2025
Homebuyers are more likely than renters to use stock investments to pay for housing, according to a Redfin survey. With stock values dropping, would-be homebuyers may back off as their bank accounts shrink and their confidence in the economy is shaken. One in five (20%) prospective homebuyers expect to sell stocks to help fund their […]
April 4, 2025
Mortgage rates have dropped to their lowest level in six months in the aftermath of President Trump’s newly announced tariffs. For weary homebuyers who have been waiting for a break in housing costs, the decline ups their purchasing power. A homebuyer on a $3,000 monthly budget can afford a $458,750 home with a 6.55% mortgage […]
April 3, 2025
The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more common for townhouses and single-family homes to sell below list price as buyers gain negotiating power amid rising inventory and high housing costs. Roughly two-thirds (68.4%) of U.S. condos that […]
