Share of People With a Mortgage Rate of at Least 6% Is Highest Since 2016
Most homeowners have a mortgage rate far below today’s levels, prompting many to stay put, but this lock-in effect is starting to ease.| Redfin Real Estate News
Most homeowners have a mortgage rate far below today’s levels, prompting many to stay put, but this lock-in effect is starting to ease.| Redfin Real Estate News
With new listings rising and pending sales declining, Redfin agents suggest sellers set their asking price fairly from the start to attract buyers and avoid price drops.| Redfin Real Estate News
30-Year Fixed Rate Mortgage Average in the United States| fred.stlouisfed.org
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
Condo prices are up 5% year over year in inland Florida, but down a respective 5% and 3% on Florida’s Gulf Coast and Atlantic Coast.| Redfin Real Estate News
Mortgage rates are forecasted to stay elevated near 7%.| Redfin Real Estate News
More than half (55%) of survey respondents are less likely to make a major purchase this year, including 39% who are “much less likely.” More than a third of people do not have an emergency fund to cover mortgage or rent payments in the event of a personal financial crisis, like losing their job.| Redfin Real Estate News
Search 5606 homes for sale in Jacksonville and book a home tour instantly with a Redfin agent. Updated every 5 minutes, get the latest on property info, market updates, and more.| www.redfin.com
Search 1091 homes for sale in Oakland and book a home tour instantly with a Redfin agent. Updated every 5 minutes, get the latest on property info, market updates, and more.| www.redfin.com
The number of homes on the market in the Sunshine State rose 23% year over year to a record high in January.| Redfin Real Estate News
Redfin Premier delivers the ultimate luxury real estate service. Our agents have the high-end experience to help buyers and sellers succeed in today’s market. Luxury lives on Redfin.com.| www.redfin.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
