The GSE's latest outlook pins the 30-year fixed at 6.3% through year-end
Demand is outpacing supply as pending sales climb in all but 3 major metros
Buyer's markets expanded to 38 major metros in March as demand softened
Redfin's survey finds 65% of recent renovators upgraded their current home instead of buying new
The Iran War, a noisy jobs report and record stale listings make a difficult market harder to read
Affordability is improving in 37 out of the 50 most populous metros in the US as rates come down and incomes rise. However, homeownership is still out of reach for most in pricey coastal markets
Homebuyers in the US canceled about 40K purchase agreements during the month of December — a record for any December dating back to at least 2017
Even though buyers have the upper hand over sellers nationally, many have stuck to the sidelines anyway due to the high cost of homeownership and economic uncertainty
Although $200B sounds like a lot of money, the impact and longevity of Fannie and Freddie's bond purchases on mortgage rates won't be as big as the Federal Reserve's
The 4.7% annual drop in monthly payments has yet to bring buyers or sellers back to the market in a significant way, but this may largely be due to seasonality, economists say
The share of mortgaged homeowners with rates of at least 6 percent has risen to nearly 20 percent, Redfin said, signaling the potential end of a years-long 'lock-in effect'
Between 2019 and 2024, median monthly homeownership costs have risen from $1,609 to $2,035, with insurance premiums having a significant role to play in the increase
The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage
Luxury prices in the region have continued to rise, as have sales in select hot markets, while the market at large is simultaneously seeing a contraction in prices
US home inventory hit a record $698B in April — a 20.3% increase from the previous year — but sales aren't keeping pace, a new analysis from Redfin shows