Steep cost of homeowner’s insurance creating problems for lenders, buyers, and owners
Existing homes now cost more than new builds, with a median gap of $18.6K in Q2 2025
A sharp rise in construction wages hasn’t solved the industry’s labor shortage — and meanwhile, is driving up prices for homebuyers
Redfin’s latest data shows market shifts continue to favor buyers as sale prices peak, concessions grow, touring activity rises
Foreign buyers purchased $56B in U.S. homes last year — a 33% increase — though overall activity remains near historic lows
Though homeownership rates among Black Americans have improved, they still lag behind other racial groups
Borrower demand remains strong, but is stifled by inventory and affordability barriers