Redfin

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Housing Market

Redfin’s 2023 Housing Market Forecast

Redfin’s 2023 Housing Market Forecast includes twelve predictions on key housing metrics, starting with the most likely scenario and adding other possible outcomes based on progress with inflation control and its impact on mortgage rates.

December 8, 2022

White 'No Longer For Sale' real estate sign on a post beside a stone wall in front of a row of suburban houses on a sunny street.

Housing Market

Home Delistings Reach Record High

A new Redfin report shows a record number of home delistings in November, with pandemic boomtowns and pricey West Coast metros seeing the biggest increases. But a recent drop in mortgage rates brings an uptick in homebuyer demand.

December 6, 2022

Two computer monitors display financial charts while a person points at the right screen with a pen, suggesting analysis of market data on a desk.

Housing Market

Investor Home Purchases Fell 30% in Q3

A new Redfin report shows investor home purchases fell 30% in Q3 2022, losing more market share in pandemic boomtowns like Phoenix and Miami. Here’s what you need to know.

November 23, 2022

Housing Market

Deal Cancellations and Price Cuts Hit Record Highs

A new Redfin report shows a record drop in pending home sales and record highs in deal cancellations and price cuts.

November 22, 2022

Man in a light blue shirt sits on the floor, head in hand, looking distressed while holding a black wallet.

Real Estate News

Homebuyers Need $107,000 a Year to Afford the Typical Home

A new Redfin report reveals the minimum annual income necessary for U.S. home shoppers to afford a typical home in today’s market. Here’s what you need to know.

November 16, 2022

White chalk-line chart on a blackboard showing Days on Market across 2022 months, peaking at 34 days on Oct 16, 2022/Jan-Dec timeline.

Housing Market

Time on Market has Doubled Since Spring

According to a new Redfin report, time on market for homes has doubled since spring as mortgage rates are at a 20-year high and mortgage applications have dropped to a 25-year low.

October 25, 2022

Person holds a white sign that says “LOOKING FOR A HOUSE” against a clear blue sky.

Housing Market

Record Drop in Home Sales and Listings

A new Redfin report shows a record drop in home sales and listings for September 2022 as high mortgage rates and inflation sideline buyers and discourage sellers with lower rates locked down.

October 24, 2022

Split image showing a dense city skyline on the left and a suburban neighborhood with brick houses on the right, divided by a vertical gold line.

Housing Market

Urban vs. Suburban Square Footage: Which Is Worth More?

A new Redfin report shows home prices falling fastest in cities as the value of suburban square footage catches up with that of urban centers. Here’s what you need to know.

October 19, 2022

Man with short black hair holds his head with both hands, a distressed or frustrated expression on his face.

Housing Market

Surging Mortgage Rates Cause a 29% Drop in Purchasing Power

A new Redfin report shows a decline in buyer demand as mortgage rates surge to a 15-year high.

October 12, 2022

Notebook page with handwritten financial numbers and a dollar sign, surrounded by scattered ten-dollar bills and a blue pen on a desk.

Housing Market

As Mortgage Rates Increase, Homebuyers Make Sacrifices

A new Redfin report shows buyers opting for smaller homes as mortgage rates increase. Here’s what you need to know about the compromises buyers are making to afford a home.

October 6, 2022

Homer Simpson peeking through a green hedge with a surprised expression on his face.

Housing Market

Why More Sun Belt Buyers are Backing Out

A new Redfin report shows Sun Belt homebuyers backing out of home purchases faster than buyers in any other area of the U.S. Here’s what you need to know

September 28, 2022

Blue and yellow 'Apartment Available' sign hanging from a black bracket on a brick row house with blue shutters and greenery nearby.

Housing Market

Renters Spend 26% of Their Income on Housing Costs

According to reports by Redfin and Realtor.com, renters spend 26% of their income on housing costs. But while rents are rising, rent growth has slowed.

September 26, 2022

Redfin’s 2023 Housing Market Forecast

Home Delistings Reach Record High

Investor Home Purchases Fell 30% in Q3

Deal Cancellations and Price Cuts Hit Record Highs

Homebuyers Need $107,000 a Year to Afford the Typical Home

Time on Market has Doubled Since Spring

Record Drop in Home Sales and Listings

Urban vs. Suburban Square Footage: Which Is Worth More?

Surging Mortgage Rates Cause a 29% Drop in Purchasing Power

As Mortgage Rates Increase, Homebuyers Make Sacrifices

Why More Sun Belt Buyers are Backing Out

Renters Spend 26% of Their Income on Housing Costs

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