Tagged: Redfin

Affordability gap between renting and buying "is likely to widen further in 2025"

Midwest cities have seen the highest growth rates, challenging their status as “budget-friendly”

Slow sales reflect stubbornly difficult market conditions, though offers remain competitive

Yet, for-sale listings are stagnating as active listings rose for 14th consecutive month in December

Rising home prices and low mortgage rates contribute to historically low housing turnover across U.S.

New home listings in December 2024 were up nearly 8% compared to last year

As monthly mortgage payments have tripled, renters have remained in place longer and more frequently

Yet, a growing number of stale listings highlights buyers' affordability threshold

Average rates for 30-, 15-year FRMs now similar to this time in 2023, Freddie Mac analysis finds

Redfin listings rise 7.4% annually on the feeling that mortgage rates ‘may have bottomed out'