Lily Katz

Nearly 20% of recent buyers have no idea who paid their agent and how the amount was determined, according to a survey commissioned by Redfin.

The median U.S. asking rent rose 1% from a year earlier in March. By comparison, rents jumped 5% in the Midwest.

Roughly 1 in 5 people who struggle to afford housing have skipped meals and/or worked extra hours, while about 1 in 6 have delayed medical care.

Mortgage rates remain elevated, but aren’t as volatile as they were at the height of the pandemic, which has stabilized home price growth.

Housing supply rebounded as sellers got used to elevated mortgage rates, but not enough to curb home price growth.

Plus, nearly two-thirds of respondents to a new Redfin survey say housing affordability makes them feel negative about the economy.

The Northeast and Midwest were the biggest gainers, with asking rents rising roughly 5% from a year earlier.

The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion.

Home prices rose 0.5% in January, on par with December’s gain, as the drop in mortgage rates at the end of 2023 gave buyers more purchasing power.

Listings dropped for the first time since June and pending sales growth slowed as mortgage rates stagnated and prices jumped the most in 16 months.

Elevated home prices and mortgage rates, along with sluggish rents, have made low-priced homes increasingly attractive to investors

Some people are leaving because they’re worried about air quality, but many are moving because they’ve been priced out.

Rents rose 1% year over year in January. Landlords don’t have much room to boost prices as they grapple with rising vacancies.

Builders are offering sizable discounts to attract buyers and offload inventory, but they’ve also boosted prices.

High mortgage rates and an uptick in supply took pressure off price growth, but prices aren’t falling because there’s still a housing shortage.

Buyers came out of the woodwork as mortgage rates posted the biggest drop since 2008. Sellers also came off the sidelines, but not with as much force.

26% of adult Gen Zers owned a home in 2023, little changed from 2022. Meanwhile, the homeownership rate for millennials and Gen X rose.

Nearly every homeowner with a mortgage has a rate below today’s average, prompting many to stay put. But the share has fallen from its record high.

Rising supply has led to rising vacancies, motivating landlords to lower asking rents, which fell 1% from a year earlier.

That’s down from 21% in 2022 and over 40% before the pandemic homebuying boom. Fortunately, housing affordability is expected to improve in 2024.