Housing Market News
Housing Market Update: Homebuyers’ Monthly Payments Hit All-Time High As Mortgage Rates Rise
Elevated mortgage rates, along with prices that remain high–despite posting a 1% annual drop– pushed monthly housing payments to a record high of nearly $2,600.
Housing Market Update: Home Prices Fall Annually For First Time in a Decade As Mortgage Rates Pass 7%
The median U.S. home-sale price declined 0.6% year over year in February, marking the first annual drop since 2012–but high rates mean homes aren’t more
Housing Market Update: Sale Prices Flatten, Demand for Mortgages Falls as Rates Climb
As mortgage rates rise, serious homebuyers are scarce. But plenty of people are searching for homes online and touring them, waiting until rates decline to
Housing Market Update: Recovery Stalls As Mortgage Rates Jump
Redfin’s Homebuyer Demand Index is down slightly from last month as somewhat disappointing inflation and jobs reports cause mortgage rates to increase. But demand is
Housing Market Update: More Buyers Step Onto the Field, Luring Some Sellers Off the Sidelines
Pending sales and new listings each posted their smallest declines since September. Homebuyer demand continues to increase from its fall low point despite mortgage rates
Housing Market Update: $2,500 Monthly Budget Buys a $400,000 Home For First Time Since September As Rates Dip Below 6%
Home sellers are starting to come off the sidelines to meet buyer demand as mortgage rates steadily decline, with new listings and pending sales both
