The Latest Breaking News from Redfin

A Third of Young Americans Plan On Using 'Bank of Mom and Dad' for House Down Payments

Nearly half of Americans believe that they are unlikely to purchase a house anytime soon because of the ever-increasing costs.

International Business Times UK · Apr 1, 2024

The housing market is so unaffordable that buyers need to make $30,000 more than they currently do to buy a home

But that’s an improvement from last year when they needed to close a more than $40,000 shortfall, according to a new Redfin analysis.

Fortune · Mar 26, 2024

2 Small-Cap Stocks Insiders Are Buying This Month

Top company insiders have been buying shares of these two Russell 2000 Index components. Here's what investors need to know about these two stocks under $20.

Barchart · Mar 16, 2024

The economy just handed boomers another win—the U.S. housing market nearly doubled in a decade to a record $23 trillion

U.S. homeowners with mortgages were sitting on $23 trillion in housing wealth by the end of 2022.

Fortune · Jan 10, 2024

There’s a flicker of life in the housing market as average mortgage payments plummet nearly $400 over 2 months and buyers start to stir again, Redfin says

The median mortgage payment fell 14% to $2,361 in December from a record high in October, when mortgage rates hit a 23-year peak.

Fortune · Jan 4, 2024

Only 16% Of Homes Listed For Sale Were Affordable In 2023

A Redfin analysis showed only 16% of homes listed in 2023 were technically affordable.

Kiplinger · Dec 27, 2023

Most homes for sale in 2023 were not affordable for a typical U.S. household

The share of affordable homes plunged 40% from before the pandemic, according to a new analysis. The biggest drops were in smaller cities, where wages could not keep pace with spiking mortgage rates.

WEKU · Dec 24, 2023

Even a burst in new home construction isn’t enough to solve the nation’s housing crisis

“We are still not building enough new housing to keep up with demand,” Bright MLS chief economist Lisa Sturtevant said.

Fortune · Dec 19, 2023

The frozen U.S. housing market is finally starting to thaw as mortgage rates drop below 7% and more homes change hands

Declining mortgage rates are “breathing new life” into housing market, Redfin says.

Fortune · Dec 15, 2023

Homebuyers are finally feeling relief now that monthly payments are at their lowest level in 8 months

It’s not all good news for buyers, the median home sale price is still up 4.5%, according to Redfin.

Fortune · Dec 14, 2023