Housing Market
All Reports
November 13, 2024
Donald Trump’s re-election seems to have had immediate consequences for housing in America. Demand from home-buyers requesting service through Redfin’s site, which was already stronger since the Federal Reserve’s September 18 rate cut, was about 25% higher this weekend than the same weekend last year, the largest year-on-year gain since the downturn began in 2022. […]
November 13, 2024
Nearly the same share, 21%, say they are less likely to consider moving now that the election is over, according to a recent Redfin-commissioned survey. Of those who are more likely to move, 36% say the results of the election are making them consider a different country, and 26% are considering a different state. 34% […]
November 8, 2024
Rates are inching down slightly after shooting up before the election—volatility that’s to be expected as investors try to figure out the impact of a Trump presidency. Rates will likely remain elevated if President Trump moves forward with the higher tariffs and tax cuts he has discussed. Mortgage rates shot up in the weeks leading […]
November 7, 2024
While home sales remained mostly resilient to election jitters and rising rates, Redfin agents report that some house hunters were waiting to hit the pavement until they knew more about the direction of the country and economy. Pending U.S. home sales rose 4.3% year over year during the four weeks ending November 3, in line […]
November 4, 2024
Respondents to a new Redfin-commissioned survey were most likely to say their presidential pick was impacted by the economy, inflation or protecting democracy. 40% of respondents said housing affordability impacted their pick for local elected officials. Crime and safety was the top issue impacting how people voted locally. Roughly one-third of respondents think mortgage rates […]
