Page 13 - Redfin Data News Today

Near-7% mortgage rates are preventing both would-be homebuyers and would-be sellers from entering the market. Construction of new single-family homes is near its highest level in almost two decades, providing some hope for an uptick in inventory by next year.

A shortage of homes for sale is fueling bidding wars in some areas despite sluggish homebuyer demand; 37% of homes that sold in May went for more than their list price, a higher share than usual for... | June 21, 2023

Inventory has posted its biggest decline in over a year, with homeowners hanging onto their comparatively low mortgage rates ... | June 15, 2023

Nationwide, rents declined 1% from a year earlier in May—the largest drop since 2020—as a building boom increased supply and economic uncertainty cooled demand ... | June 9, 2023

All-cash home purchases have reached their highest level since 2014, and the share of buyers using FHA loans has reached its highest level since before the pandemic. Meanwhile, the typical... | June 7, 2023

Mortgage rates hitting a 7-month high and limited listings are sidelining homebuyers, but many are ready to pounce when rates decline and more homes hit the market ... | June 1, 2023

That outpaced a 41% drop in overall home purchases, as rising interest rates and falling home values caused investors to retreat ... | May 31, 2023

Fewer homebuyers are looking to move to a different part of the country as high mortgage rates cool the housing market, but the dropoff isn’t as big as it is for in-metro movers. Florida is the... | May 26, 2023

Redfin reports that while many sellers in some parts of the country are handing out freebies to attract buyers as high rates dampen demand, other markets have so few homes for sale that concessions... | May 25, 2023

Monthly housing payments hit a new record high this week as mortgage rates jumped, pricing out many homebuyers, especially those with limited budgets ... | May 25, 2023