As rates fall to levels last seen over a year ago, homebuyers have gained approximately $9,500 in purchasing power month-over month, yet with median home-sale prices up 2% year-over-year, many would-be buyers remain on the sidelines
Studies find that there are currently 36.7% more home sellers in the market than buyers — a near-record gap, which is good news for buyers who have an opportunity to negotiate and ask for concessions
A growing share of the nation’s homebuyers are more inclined to pay all-cash, as they look to avoid high payments with mortgage rates still hovering above the 6% mark
Home inspection hurdles and financing issues were some of the most cited reasons for buyers backing out of deals
Over 100,000 condos on the market and even rookie buyers won’t touch them
In August, the number of sales for starter homes outpaced those of higher-priced houses
A new Redfin study found that the new norm hit $1.25 million in August
About 1 in 5 mortgages have a 6% rate or higher
Despite rate dip, Redfin hasn't seen any measurable bump in sales
Rate falls about 3.1% YoY in largest drop since 3Q 2021, report finds