Latest real estate news and analysis tagged with Redfin on realestatenews.news.
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.
A new Redfin analysis finds buyers need to earn roughly $41,000 more per year to afford a home in a highly rated school zone, and median-income households face long odds in those neighborhoods.
Buyer discounts on homes peak in late August through late September depending on the metro, with cities like Austin, Baltimore and Las Vegas each hitting their own deal-making sweet spots, according to a Redfin analysis.
Redfin data shows 14% of U.S. home-sale contracts were canceled in July 2026, the highest rate since late 2023, driven by a record-low buyer pool and elevated affordability pressures.
Fresh supply is entering the market as summer fades, but pending home sales have slipped to their weakest point since March amid elevated mortgage rates and economic uncertainty.
Redfin's latest home price index shows national prices grew just 0.27% month over month in July, almost unchanged from June, while San Francisco, Oakland and West Palm Beach led all metros in gains driven by wealthy buyers.
A new analysis from Redfin and childcare marketplace Winnie finds that combined housing and childcare costs consume 52% of the median working family's income nationally, but that figure ranges from under 40% in Little Rock to nearly 97% in Los Angeles.
Redfin data shows an estimated 967,000 buyers in July—the fewest on record—while sellers outnumber them by more than 51%, pushing nearly 80% of major metros into buyer's-market territory.
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.
The income required to afford a typical U.S. starter home has dropped 1.5% year over year, outpacing the broader market's modest gains, as wage growth and slower price appreciation widen the cushion for entry-level buyers.
Brooklyn's Park Slope tops Redfin's annual ranking of the hottest luxury neighborhoods, with Highland Park, IL and Overland Park, KS close behind. Strong demand and tight inventory are driving competition despite elevated mortgage rates.
Pending home sales have dropped to their lowest level since April, with the daily average mortgage rate climbing to 6.85%. Yet buyers still hold negotiating power as sellers continue to outnumber active purchasers across most of the country.
Redfin data shows a sharp year-over-year decline in Canadian searches for U.S. homes in June, with Sun Belt metros hit hardest and cumulative two-year losses now approaching 40%.
U.S. pending home sales slipped 1.3% week over week through July 19, pressured by elevated mortgage rates and near-record home prices, even as inventory gives buyers more room to negotiate.
Redfin's Home Price Index shows June prices rose 0.3% month over month and 3% year over year—the strongest annual gain in 10 months—with Ohio metros and Miami leading the way.
Second-home mortgage originations climbed 4.1% in 2025, snapping a four-year losing streak. High earners with median incomes near $300,000 are driving the rebound, while most Americans remain priced out.
Inland university cities like Morgantown, WV, Syracuse, NY, and Tuscaloosa, AL are posting double-digit price gains while pricier college markets cool, according to new Redfin data.
Roughly 47,000 U.S. home-sale contracts fell apart in April, but the cancellation rate edged down slightly as sellers grew more flexible and buyers adjusted to elevated mortgage costs.
The share of home sellers reducing their asking prices has pulled back from a record high, signaling a modest shift in negotiating power — though buyers still hold the upper hand in many markets.
The median U.S. home sale price climbed 2.4% year over year in April 2026, the sharpest increase since March 2025, as pending sales hit the highest level since 2023 and inventory expanded to its widest point since 2020.
Redfin data shows the seller-to-buyer imbalance shrank for the fourth consecutive month in April, as improved job-market sentiment pulled more shoppers back into the housing market.
After months of growing buyer leverage, the gap between home sellers and buyers finally began to narrow in April 2026, signaling a potential turning point in the U.S. housing market.
Redfin and Shadowmap rolled out Sunscore, a 0–100 property-level rating that reveals a home's sunlight exposure and solar potential.
A Redfin/Ipsos survey finds about 44% of U.S. adults would take a smaller, brighter home rather than a larger, dimmer one—and sunlight influences how satisfied people feel at home.
