Redfin

Luxury home sales increased 2.9% year-over-year, while non-luxury sales rose 0.7%, as luxury inventory climbed 6.4% year-over-year, compared to a 9.5% increase in non-luxury inventory, posting their highest October levels in at least five years

Rural homebuyers need to earn at least $75,000 to afford the typical home, up from $36,000 before the pandemic, with the median home sale price in rural areas up 61% from before the pandemic

The number of U.S. homebuyers dropped 1.7% to the lowest level on record, aside from the start of the pandemic, amid high housing costs and economic uncertainty, while the number of sellers dropped 0.5% as sellers retreated in response to low buyer demand

Home sales and new listings were little changed month-over-month, as Americans continue to grapple with high costs and economic uncertainty

New functionality allows users to engage in dialogue with Redfin, helping to discover more options as they refine their home search

While VA loans provide a great opportunity for first-time veteran homebuyers to purchase a home without a substantial downpayment, the tradeoff of a bigger loan with higher monthly costs has some vets opting for conventional loans