Slow Summer Housing Market Gives Buyers More Time, Choices and Negotiating Power
Homebuyers have more choices and more time to make decisions as the market has slowed this summer and sellers are increasingly adjusting their expectations to match, according to Redfin agents. Well-priced, move-in-ready homes are still selling quickly, showing that buyer demand is strong for desira
Pending Home Sales Sink to 5-Month Low As Mortgage Rates Rise
The number of homes going under contract fell 3.7% week over week nationwide—the steepest decline since 2022—as would-be buyers pressed pause amid high mortgage rates. New listings ticked up. We’re taking a break from analysis this week, but please see the tables and charts below for this week’s ho
First-Time Buyers Catch a Break As Affordability For U.S. Starter Homes Improves Slightly Faster Than Overall Market
Starter-home affordability is improving: The income needed to afford a typical U.S. starter home is down 1.5% from a year ago, marking eight straight months of declines as price growth cools. Affordability for entry-level homes is improving more than the overall market: The income needed to buy the

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