Home sales posted strong monthly gains despite rising mortgage rates and record-low supply. Fewer homes than ever were for sale in January, but homebuyers snapped up what they could before mortgage rates rose further. Seasonally adjusted new listings fell 12.4% month over month, bringing the number of homes for sale down 2.6% to a record […]

Portland and Austin saw the largest increases, with rents surging more than 30% year over year. Average monthly asking rents in the U.S. increased 15.2% year over year to $1,891 in January, the largest annual jump since at least February 2020 (Redfin’s rental data goes back through February 2019). Meanwhile, the national median monthly mortgage […]

Existing-Home Sales Surge 6.7% in January On a month-over-month basis, sales increased in all regions of the U.S. in January. Year-over-year, regional sales activity was mixed. Media Contact:  Quintin Simmons 202-383-1178

A record 57% of homes sold in two weeks and the typical monthly mortgage payment soared to a new high, approaching $2,000. Homes sold faster than ever during the four weeks ending February 13, as a record 57% of homes that went under contract did so within two weeks of being listed. People buying homes […]