U.S. Home List Prices Dip as Market Cools
Redfin reports first year-over-year decline in median asking price since March.
Mortgage rates play a central role in the U.S. housing market, directly influencing affordability, buyer activity and long-term investment decisions. In this section, we track weekly rate movements, explain broader trends and break down what changes in borrowing costs mean for homeowners, first-time buyers and real estate investors.
Redfin reports first year-over-year decline in median asking price since March.
Median U.S. home asking price falls for the first time since March as mortgage rates remain high.
Redfin data reveals a significant shift in the U.S. housing market, with buyers holding more negotiating power than they have in over a decade.
Pending home sales hit a 12-year low as mortgage rates surpassed 7%, cooling demand across major U.S. metros.
Redfin analysis shows varying timelines for housing costs to return to pre-pandemic levels across different metros
Weak job growth may give the Fed pause on rate hikes, potentially easing mortgage rate pressures.
Price reduction rate rises slightly, signaling a strong buyer's market with nuanced regional differences.
Mortgage rates surge as markets anticipate further Fed rate hikes, with key economic data releases this week set to shape expectations.
Sun Belt cities attract migrants seeking affordability as coastal cities see outflows.
Redfin data reveals a shift in negotiating power as nearly half of U.S. homebuyers secure concessions from sellers.
Redfin reports a 3.5% weekly decline in pending home sales, offering buyers more negotiating power and choices.
Gen Zers are chasing job opportunities while millennials seek affordable housing and space.
Recent inflation data has markets bracing for a Federal Reserve rate hike, but the path ahead remains uncertain.
Redfin reports a 58% gap between sellers and buyers, with the Sun Belt driving the shift.
Rising mortgage payments and home prices are keeping potential buyers on the sidelines, while sellers adjust to longer market times.
U.S. new listings hit a four-year peak in August, driven by cities like San Jose, Nashville, and Seattle, giving buyers more bargaining power.
A Redfin analysis of five decades of mortgage data finds that adjustable-rate mortgages have given most borrowers a window to refinance into a lower fixed rate before their introductory period even ends.
Fresh inventory is flooding the U.S. housing market at its fastest pace in four years, but sluggish demand and elevated mortgage rates are keeping many buyers on the sidelines.
Fed Chair Warsh's hawkish Jackson Hole speech has put a rate hike back on the table, shifting expectations ahead of the September 16th FOMC decision and leaving mortgage borrowers in a two-week holding pattern.
Supply is climbing while pending sales hit a six-month low, shifting leverage toward buyers in cities like Miami, Nashville and across Texas—especially for homes that have sat on the market for weeks.
Markets are watching Fed Chair Kevin Warsh's Jackson Hole speech Friday and Wednesday's core PCE release closely, but analysts expect neither Canadian tariff talks nor inflation data to significantly shift mortgage rates.
The average 30-year fixed mortgage rate dipped to 6.65% this week, continuing a short-lived retreat — yet rates remain higher than a year ago as bond market pressures and inflation concerns keep borrowing costs elevated.
The 30-year fixed mortgage rate edged down to 6.67% this week, breaking a six-week streak of increases, though rates remain higher than a year ago as inflation and geopolitical pressures linger.
Pending home sales rose a modest 0.4% week over week through early August, while new listings jumped 1.7%—the largest weekly gain in five months—giving buyers slightly more room to negotiate in a market still weighed down by elevated mortgage rates.