80.3% of mortgaged U.S. homeowners have a rate below 6%, down from a record 92.7% in the second quarter of 2022. Just over half (52.5%) of mortgaged homeowners have a rate below 4%, down from 65.1% in 2022. Increased housing supply shows that the mortgage rate lock-in effect is easing, but many buyers are still […]
With nearly half of homeowners and renters struggling to afford housing, we’re taking a look at the family-related changes and sacrifices they’re making. Some are moving in with romantic partners, while others are continuing to live with their exes. More than two in five (44.4%) U.S. homeowners and renters struggle to afford their regular rent
U.S. home prices rose 0.2% from a month earlier in August on a seasonally adjusted basis. On a year-over-year basis, home prices rose 3.1%, the slowest rate recorded in Redfin Home Price Index (RHPI) data going back to 2012. 26 of the 50 most populous U.S. metros saw month-over-month price declines. U.S. home prices rose
U.S. Home Prices Ticked Up 0.2% in August Read More »
There were an estimated 506,000 more home sellers than buyers in August, meaning buyers held the negotiating power. But the tables could turn if falling mortgage rates bring more buyers off the sidelines. The number of buyers in the market fell to an estimated 1.4 million last month—the lowest level in records dating back to
Summer 2025 Was the Strongest Buyer’s Market in Records Dating Back Over a Decade Read More »
Active listings fell 1.4% in August—the biggest decline since 2023—as homebuying anxiety spilled over to sellers. Mortgage rates dropped to the lowest level in about a year, which has led to an increase in refinancing activity but hasn’t yet translated into a jump in sales. Redfin expects existing-home sales to end 2025 roughly in line
Housing Supply Drops Most in 2 Years as Sluggish Demand Spooks Sellers Read More »
The typical New York household impacted by the raised SALT cap will save $7,092 annually—the most of any state. 86% of Massachusetts homeowner households could benefit from the increased SALT cap—the highest share of any state. In comparison, only 1% of households in Tennessee and Nevada are expected to benefit. States with high home values
