Housing Market
All Reports
February 6, 2025
Most homeowners still have a mortgage rate far below today’s levels, which is prompting many to stay put. But this lock-in effect is starting to ease because Americans are growing accustomed to elevated rates, and for many, it’s not realistic to stay put forever. That’s boosting listings and easing the housing shortage. Nationwide, 17.2% of […]
February 6, 2025
The uptick in new listings, along with slow sales, is contributing to a growing pool of supply for homebuyers to choose from. It has also led to the typical home selling for 2% under asking price, the biggest discount in two years–but housing costs are still ultra-high. New listings of U.S. homes for sale rose […]
February 5, 2025
Single and divorced people are more likely than people who are married to make certain sacrifices, including skipping meals, to afford rent and mortgage payments, according to Redfin survey findings. That’s largely because single people are making payments alone; for instance, a single Washington, D.C. renter pays nearly $12,000 more per year than someone splitting […]
February 4, 2025
Overall, buyer’s agents are earning an average of 2.37% in commission. That’s essentially unchanged since the new NAR rules took effect in August, but down a bit since the rules were announced last March. Breaking it down by price, the average buyer’s agent commission for $1 million-plus homes has decreased to 2.17%, from 2.22%, since […]
January 30, 2025
There are more than five months of supply on the market, the most since early 2019. Homes are taking a long time to sell largely because housing costs are so expensive–but for buyers who can afford it, there are a fair amount of homes to choose from. Homes are selling at their slowest pace since […]
