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News Updates

Redfin Reports Monthly Housing Costs Hit All-Time High Amid Economic Uncertainty, Keeping Buyers on the Sidelines

Mortgage-purchase applications are declining and pending home sales are sluggish The 2025 spring homebuying season is lackluster, with record-high housing costs and widespread economic instability keeping would-be homebuyers at bay, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Mortgage-purchase applications are down 6% month over month, and Redfin’s Homebuyer Demand Index—a measure of tours and other buying services from Redfin agents—is essentially flat. Pending home sales fell,

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Americans Need to Earn 70.1% More Today Than Six Years Ago to Afford the Median-priced Home

A U.S. household now needs to earn $114,000 annually to afford a median-priced home. That’s up 70.1% from $67,000 just six years ago according to the Realtor.com® April Housing Trends Report. While it’s clear that buying a home has become significantly more expensive, there are optimistic signs that today’s market is slowly shifting in buyers’ favor. Inventory is climbing, more sellers are adjusting their prices, and buyers are beginning to gain a bit more leverage in

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THE BEST TIME TO SELL A HOME IS IN MAY

New study shows home sellers see 9.5 percent premium in May;  Annual analysis also looks at best days to sell a home ATTOM, a leading curator of land, property data, and real estate analytics, released its annual analysis of the best days of the year to sell a home, which shows that based on home sales over the past 10 years, the months of May, February and April offer the highest seller

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PROFIT MARGINS ON HOME SALES CONTINUE TO DROP IN FIRST QUARTER

Typical home sales profit margin fell to 50 percent, from peak of 64 percent in 2022;  Home sales prices remain near historic highs ATTOM, a leading curator of land, property data, and real estate analytics, released its first quarter 2025 U.S. Home Sales Report, which shows that homeowners, on average, made a 50.2 percent profit selling single-family homes and condos during the first quarter of the year. That was down 3.2 percentage

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Multigenerational Living a Priority for Nearly 3-in-10 Prospective Homebuyers

Increase fueled by caregiving needs and affordability As families think ahead to their next move, many are considering how to bring loved ones under one roof—whether to care for aging parents, support adult children or share household expenses. Nearly 3-in-10 prospective buyers (28%) plan to purchase a home that will include family members from multiple generations, according to a new survey released by Veterans United Home Loans, the nation’s largest VA lender.

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America’s Top Eco-Friendly Cities for Car-Free Transit

New ranking from Local Logic and Realtor.com® reveals the best cities for walking, biking, and commuting without a car; the Northeast and California’s Bay Area lead the way with Hoboken, N.J.; Cambridge, Mass.; and Berkeley, Calif., at the top How we navigate our cities plays a big role in sustainability — but not every place makes it easy to go car-free. Realtor.com® and location intelligence company Local Logic unveiled a new ranking of America’s Top Eco-Friendly Cities for Car-Free

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