Economic Jitters, High Costs Stifle Spring Home Sales
New listings are still rising, allowing some buyers to get deals.| Redfin Real Estate News
New listings are still rising, allowing some buyers to get deals.| Redfin Real Estate News
The $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020.| Redfin Real Estate News
The U.S. housing market has tilted in favor of buyers for the first time this decade, with 3.7 months of for-sale supply sitting on the market in January. That's the most since February 2019 and up from 3.3 months a year ago. It’s worth noting that the picture looks different across different areas of the country, with buyers favored across Sun Belt metros, while sellers generally have more power in the Northeast and Midwest.| Redfin Real Estate News
71% of Seattle sellers are giving concessions–the highest rate among the metros Redfin analyzed and nearly double the share from a year ago.| Redfin Real Estate News
The jump in housing supply put downward pressure on prices, which grew at the slowest pace in nearly two years last month.| Redfin Real Estate News
The Court of International Trade has ruled that the White House cannot use the International Emergency Economic Powers Act to broadly implement tariffs. Mortgage rates are unlikely to move much in the near future because the administration has other options to implement tariffs. If most, or all, of the tariffs were called off, however, mortgage rates would likely fall.| Redfin Real Estate News
Mortgage Rates to Fall a Little After Weak Jobs Report, But All Eyes on Election | Redfin Real Estate News
See the mortgage rate a typical consumer might see in the most recent Primary Mortgage Market Survey, updated weekly. The PMMS is focused on conventional, conforming fully-amortizing home purchase loans for borrowers who put 20% down and have excellent credit.| www.freddiemac.com
Measure of the wage growth of individuals. It is constructed using microdata from the Current Population Survey (CPS), and is the median percent change in the hourly wage of individuals observed 12 months apart.| www.atlantafed.org
