Home sales and new listings were little changed from a month and a year earlier in October, and prices have also shown signs of flattening. Housing-market activity is plateauing as Americans grapple with high costs and economic uncertainty. Still, buyers have the upper hand; the typical home that sold went for 1.5% less than its […]
The U.S. Housing Market Is Stuck, With Sales and Listings Barely Budging Read More »
U.S. home prices rose 0.3% from a month earlier in October on a seasonally adjusted basis. Home prices increased 2.9% year over year, down from 3.1% in September and the slowest growth since 2012. Prices fell in 14 of the 50 most populous U.S. metros, down from 37 metros posting drops in July. The biggest
U.S. Home Prices Rose 0.3% in October Read More »
22% of U.S. home listings are affordable to the typical U.S. military veteran using a VA loan. Veterans–both those using VA loans and those using conventional loans–can afford slightly more home listings than they could have in 2023, when affordability was at an all-time low. Now, incomes are rising faster than housing payments. But veterans
45% of respondents are less likely to make a major purchase overall due to the government shutdown, up from 21% in early October, according to a new Redfin survey conducted by Ipsos. 21% of Americans are delaying a major purchase like a home or car because of the shutdown, up from 17% in early October.
An analysis of domestic migration data shows high-flood-risk counties lost nearly 30,000 more residents than they gained last year, driven largely by outflows from Miami and Houston. Some are leaving due to climate risk, while others are moving out in search of a lower cost of living or different politics. Redfin agents say many are
Flood-Prone America Is Seeing More People Move Out Than In for the First Time Since 2019 Read More »
VA loans have become slightly more common as buyers gain power and sellers are more apt to accept offers with low down payments. VA loans are most prevalent in Virginia Beach, Jacksonville and Washington, D.C., all military hubs. Homebuying has become a bit more accessible for veterans. VA loans, mortgages available to military service members
