U.S. home prices posted their slowest annual growth rate in more than a decade in March, even as a shrinking supply of new listings kept prices from falling outright, according to Redfin. Continue reading
More than 2 in 5 Americans renovated their home in the last year, and most did so as a deliberate alternative to moving, according to a new Redfin survey. Continue reading
Mortgage rates are poised for another turbulent week as markets brace for the first inflation reading since the Iran War began, with headline CPI expected to jump to 3.4 percent, up from 2.4 percent in February. Continue reading
Affordability is improving in 37 out of the 50 most populous metros in the U.S. as mortgage rates come down and household incomes gradually rise. However, in pricey coastal markets, most households still only earn about half of what is necessary to aff… Continue reading
Homebuyers in the U.S. canceled about 40,000 purchase agreements during the month of December — a record for any December dating back to at least 2017. Continue reading
There were roughly 47 percent more homesellers than buyers in the market in December as home prices ticked up by just 2.2 percent year over year, according to new data from Redfin. Continue reading
Although $200 billion 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. Continue reading
The 4.7 percent 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. Continue reading
The Federal Reserve’s decision to make a series of historic short-term rate cuts at the height of the pandemic has proven to be a double-edged sword, with the sharpest point being the percentage of would-be homesellers locked into their homes by 2 perc… Continue reading
Median monthly homeownership costs have risen 26 percent from 2019, according to the U.S. Census Bureau’s latest American Community Survey data. released on Thursday. Continue reading