An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Redfin reports that the cost of buying a home has hit a new record as mortgage rates jump and prices rise by 5%. The median U.S. home-sale price increased to $380,250, just $3,095 shy of the all-time high. Average daily mortgage rates surpassed 7.4%, the highest level since last November. Homebuyers' median monthly housing payment reached a record $2,775, up 11% year over year. Despite rising rates, there are signals of buyers still touring homes. Mortgage-purchase applications are up 5% week over week, and Redfin's Homebuyer Demand Index is near its highest level in seven months.
Redfin riporta che il costo per acquistare una casa ha raggiunto un nuovo record a seguito dell'aumento dei tassi ipotecari e del rialzo dei prezzi del 5%. Il prezzo medio di vendita di una casa negli Stati Uniti è aumentato a $380,250, a soli $3,095 dal massimo storico. I tassi ipotecari medi giornalieri hanno superato il 7.4%, il livello più alto da lo scorso novembre. Il pagamento mensile mediano per l'alloggio degli acquirenti ha raggiunto il record di $2,775, con un aumento dell'11% su base annua. Nonostante l'aumento dei tassi, ci sono segnali che gli acquirenti visitano ancora le case. Le domande di mutuo per l'acquisto sono aumentate del 5% settimana su settimana, e l'Indice di Domanda degli Acquirenti di Redfin è vicino al suo livello più alto in sette mesi.
Redfin informa que el costo de comprar una vivienda ha alcanzado un nuevo récord a medida que las tasas hipotecarias aumentan y los precios suben un 5%. El precio medio de venta de una vivienda en EE. UU. se incrementó a $380,250, solo $3,095 por debajo del máximo histórico. Las tasas hipotecarias diarias promedio superaron el 7.4%, el nivel más alto desde el pasado noviembre. El pago mensual medio de vivienda de los compradores alcanzó un récord de $2,775, un 11% más que el año anterior. A pesar del aumento de las tasas, hay señales de que los compradores siguen visitando viviendas. Las solicitudes de hipoteca para compra aumentaron un 5% semana tras semana, y el Índice de Demanda de Compradores de Redfin está cerca de su nivel más alto en siete meses.
레드핀은 주택 구매 비용이 모기지 이자율 상승과 가격 5% 인상으로 새로운 기록을 세웠다고 보고합니다. 미국의 중간 주택 판매 가격은 $380,250로, 사상 최고가에서 단 $3,095만 낮아졌습니다. 평균 일일 모기지 이자율은 지난 11월 이후 가장 높은 수준인 7.4%를 넘어섰습니다. 주택 구매자의 중간 월 주택 지불액은 사상 최고인 $2,775로, 전년 대비 11% 증가했습니다. 이자율이 상승함에도 불구하고 여전히 구매자들이 주택을 둘러보는 신호가 있습니다. 주택 구매용 모기지 신청은 주간 대비 5% 증가했으며, 레드핀의 주택 구매자 수요 지수는 7개월 만에 가장 높은 수준에 근접했습니다.
Redfin rapporte que le coût de l'achat d'une maison a atteint un nouveau record alors que les taux hypothécaires grimpent et que les prix augmentent de 5%. Le prix médian de vente d'une maison aux États-Unis a augmenté pour atteindre $380,250, juste $3,095 en dessous du record absolu. Les taux hypothécaires moyens quotidiens ont dépassé les 7,4%, le niveau le plus élevé depuis novembre dernier. Le paiement mensuel médian pour le logement des acheteurs a atteint un record de $2,775, en hausse de 11% par rapport à l'année précédente. Malgré la hausse des taux, il y a des signes que les acheteurs continuent de visiter des maisons. Les demandes de prêt hypothécaire pour l'achat ont augmenté de 5% semaine après semaine, et l'Indice de Demande des Acheteurs de Redfin est proche de son niveau le plus élevé en sept mois.
Redfin berichtet, dass die Kosten für den Hauskauf einen neuen Rekord erreicht haben, da die Hypothekenzinsen steigen und die Preise um 5% steigen. Der mediane Verkaufspreis für Wohnimmobilien in den USA stieg auf $380,250, nur $3,095 unter dem Allzeithoch. Die durchschnittlichen täglichen Hypothekenzinsen überschritten 7,4%, das höchste Niveau seit letztem November. Die mediane monatliche Wohnkostenzahlung der Hauskäufer erreichte mit $2,775 einen Rekordwert, ein Anstieg von 11% gegenüber dem Vorjahr. Trotz steigender Zinsen gibt es Anzeichen dafür, dass Käufer weiterhin Häuser besichtigen. Die Hypothekenanträge für den Hauskauf sind wöchentlich um 5% gestiegen und der Homebuyer Demand Index von Redfin liegt nahe seinem höchsten Stand der letzten sieben Monate.
Positive
The median U.S. home-sale price increased to $380,250, just $3,095 shy of the all-time high.
Average daily mortgage rates surpassed 7.4%, the highest level since last November.
Homebuyers' median monthly housing payment reached a record $2,775, up 11% year over year.
Mortgage-purchase applications are up 5% week over week.
Redfin's Homebuyer Demand Index is near its highest level in seven months.
Negative
None.
The recent uptick in mortgage rates, coupled with persistent increases in home prices, can be a precursor to potential shifts in the housing market dynamics. A surge in the cost of home financing impacts consumer affordability, potentially cooling demand. However, the steady homebuyer demand index suggests resilience in the market. It's imperative to monitor the housing supply metrics, such as new listings and active listings, which indicate market liquidity. An increase in supply alongside rising costs could lead to a price correction, affecting homebuilder stocks and related sectors.
Despite higher mortgage rates and home prices, the data showing an uptick in home tours and mortgage-purchase applications suggests an underlying confidence among consumers. Such activity could help sustain the real estate market, albeit possibly at a slower pace. Investors should consider the regional differences within the housing market, as varied economic conditions across metropolitan areas can influence local real estate stocks differently. An area experiencing a sharp rise in median sale prices may reflect stronger market conditions and potential growth opportunities for regional real estate companies.
From an investment standpoint, the intersection of rising mortgage rates and home prices has a twofold implication. On one hand, real estate investment trusts (REITs) that focus on residential properties might face challenges from decreased affordability. On the other hand, higher mortgage rates can benefit financial institutions that rely on interest income. Long-term investors might consider a diversified approach, balancing between sectors that could benefit from the current trends and those that are more at risk.
Daily average mortgage rates jumped to their highest level since last November after last week’s disappointing inflation report
SEATTLE--(BUSINESS WIRE)--
(NASDAQ: RDFN) —The median U.S. home-sale price increased 5% from a year earlier during the four weeks ending April 14, bringing it to $380,250—just $3,095 shy of June 2022’s all-time high. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
The average daily mortgage rate this week surpassed 7.4%, the highest level since last November, after a hotter-than-expected inflation report and the Fed’s confirmation that interest-rate cuts will be delayed. The combination of high mortgage rates and prices have brought homebuyers’ median monthly housing payment to a record $2,775, up 11% year over year.
There are signals that buyers are out there touring homes despite rising rates. Mortgage-purchase applications are up 5% week over week, and Redfin’s Homebuyer Demand Index—a measure of requests for tours and other buying services from Redfin agents—is near its highest level in seven months. Chen Zhao, Redfin's economic research lead, said some house hunters are hoping to buy now because they're concerned rates could rise more, and others have grown accustomed to elevated rates and pushed down their home-price budget accordingly.
“Home sales are slower than usual, but there are still people buying and selling because if not now, when?” said Connie Durnal, a Redfin Premier agent in Dallas. “I’ve had a few prospective buyers touring homes for the last several years, since mortgage rates started going up, and they wish they would have bought last year because prices and rates are even higher now. My advice to them: If you can afford to and you find a house you love, buy now. There’s no guarantee that rates will come down soon.”
For more of Redfin economists’ takes on the housing market, including how current financial events are impacting mortgage rates, please visit Redfin’s “From Our Economists” page.
Leading indicators
Indicators of homebuying demand and activity
Value (if
applicable)
Recent change
Year-over-year
change
Source
Daily average 30-year fixed mortgage rate
7.41% (April 17)
Up from 7% one month earlier; highest level since November 2023
Increased 5% from a week earlier (as of week ending April 12)
Down 10%
Mortgage Bankers Association
Redfin Homebuyer Demand Index (seasonally adjusted)
Up 8% from a month earlier (as of week ending April 14)
Down 11%
Redfin Homebuyer Demand Index, a measure of requests for tours and other homebuying services from Redfin agents
Touring activity
Up 33% from the start of the year (as of April 14)
At this time last year, it was up 23% from the start of 2023
ShowingTime, a home touring technology company
Google searches for “home for sale”
Unchanged from a month earlier (as of April 14)
Down 17%
Google Trends
Key housing-market data
U.S. highlights: Four weeks ending April 14, 2024
Redfin’s national metrics include data from 400+ U.S. metro areas, and is based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.
Four weeks ending
April 14, 2024
Year-over-year
change
Notes
Median sale price
$380,250
4.7%
Median asking price
$413,225
6.4%
Biggest increase since Oct. 2022; all-time high
Median monthly mortgage payment
$2,775 at a 6.88% mortgage rate
10.6%
All-time high
Pending sales
86,086
-2.3%
New listings
93,332
10.8%
Active listings
832,748
9.6%
Months of supply
3.3 months
+0.4 pts.
4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions.
Share of homes off market in two weeks
42.6%
Down from 44%
Median days on market
35
-1 day
Share of homes sold above list price
29.2%
Essentially unchanged
Share of homes with a price drop
5.9%
+1.6 pts.
Average sale-to-list price ratio
99.2%
+0.2 pts.
Metro-level highlights: Four weeks ending April 14, 2024
Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix it up to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.6 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 4,000 people.
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
redfin got its start inventing map-based search. everyone told us the easy money was in running ads for traditional brokers, but we couldn’t stop thinking about how different real estate would be if it were designed from the ground up, using technology and totally different values, to put customers first. so we joined forces with agents who wanted to be customer advocates, not salesmen. since these were our own agents, we could survey each customer on our service and pay a bonus based on the review. we deepened our technology beyond the initial search to make the home tour, the listing debut, the escrow process, the whole process, faster, easier and worry-free. and we gave customers more value, not just by saving each thousands in fees, but by investing in every home we sell, by measuring our performance and improving constantly. this is how real estate would be if it were designed just for consumers, because, well, it was.