Falling rates pique buyers' interest, but not their pocketbooks
A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases
by Marian McPherson Aug 9
January existing sales offer mixed signals about market's future
Existing-home sales decreased 1.7% annually in January, according to the National Association of Realtors. However, sales did improve 3.1% from December
by Marian McPherson Feb 22
More areas ID'd for redevelopment see big home-price gains
Investors in these lower-income 'opportunity zones' receive tax incentives for improvements. And 2 in 5 of these neighborhoods saw a disproportionately large rise in home prices in late 2024
by Daniel Houston Feb 14
Mortgage rates lead to biggest pending sales drop since October
A record one-day jump in mortgage rates on Feb. 2 pushed pending sales down 8 percent — the biggest decline since October, according to Redfin's latest market report
by Marian McPherson Feb 8
Sluggish net new listings signal that the lock-in effect is not over
Home valuation platform HouseCanary's January housing report revealed persistent skittishness among homesellers, as net new listings tumbled 17.5% from January 2023
by Marian McPherson Feb 5
Rate drop leads to 3rd consecutive month of listing gains
Active and new listings experienced single-digit increases for the 3rd consecutive month in January, according to Realtor.com's latest market report
by Marian McPherson Feb 2
US existing-homes sales plunge in April as inventory climbs above 1M
Economic headwinds and booming interest rates pushed sales down by 3.4% in April as inventory soared 7.2% above March, according to National Association of Realtors data released Thursday
by Marian McPherson May 18
Inman's ultimate guide to navigating the topsy-turvy fall housing market
Buyers and sellers face a new reality where bidding wars will be rare, days on market stretch out and markets go from boom to bust (and bust to boom). But don't fear — Inman has you covered
by Marian McPherson Sep 19
Prices surged in February amid ‘extreme shortage of homes’
The median home-sale price rose to an all-time high of $363,975 in February, and Russia’s war on Ukraine is partially to blame, a new Redfin report says
by Taylor Anderson Mar 4
Existing-home sales tally banner year after 12 months of epic demand
In a year of sky-high demand, existing-home sales recorded a banner year with the sale of 6.12 million units and an 8.5% surge from 2020, according to the National Association of Realtors
by Lillian Dickerson Jan 20
US home sales prices hit another all-time high, leaving buyers in the dust
A new report released Wednesday by Redfin painted a bleak picture for homebuyers already fatigued by a tough market
by Lillian Dickerson Dec 23
New home sales beat expectations as prices climb to historic record
Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800
by Lillian Dickerson Oct 26
Low mortgage rates keep home costs in an acceptable range
Ownership costs for the median home remain within a normal range but are nearing the point where lenders might start to balk
by Daniel Houston Sep 22
Despite cooling housing market, pending sales continue to climb
During the 4-week period ending Sept. 5, pending sales rose 6% from the year before, according to a report released Wednesday by Redfin
Extreme seller's market shows more signs of leveling off: Redfin
The typical home price has been holding roughly steady for weeks as inventory continues its slow path to recovery
by Daniel Houston Aug 26