Buying a starter home in the top 50 metros cost $1,111 (60.3%) more per month than renting in August, as median U.S. rents recorded their fourth consecutive month of year-over-year declines, according to data from Realtor.com. The median asking rent in the 50 largest...
There is a surplus of second thoughts and cold feet in the housing market: Nearly 60,000 home purchase agreements were canceled in August, which is equal to 15.7% of homes that went under contract that month. According to new data from Redfin (NASDAQ:RDFN), August’s...
Home shoppers in August had a wider than usual selection – according to new data from Zillow (NASDAQ: Z, ZG), sellers listed nearly 350,000 homes for sale last month, up 4% from July. And while August’s new listings were more than 20% below pre-pandemic norms, the...
Zillow Home Loans is rolling out its 1% Down Payment program that will enable home buyers to pay as little as 1% down on their next home purchase, with the company contributing an additional 2% at closing. The program is initially being offered on properties located...
The average American teacher can only afford 12% of the homes for sale within commuting distance of their school, according to a new data study from Redfin (NASDAQ:RDFN). The new data is down from 17% in the summer of 2022 and down 30% from pre-pandemic 2019. And the...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
