Buying

Homebuyers are gaining more power, with new listings jumping and demand flat.  Here’s what you need to know about the housing market for the four weeks ending August 30: Fresh listings hit their highest level since August 2022. New listings of U.S. homes for sale rose 2.1% from a week earlier on a seasonally adjusted…

The luxury housing market in parts of Florida is outperforming the U.S. luxury market as affluent buyers flock to the Sunshine State, fueling high-end demand.  Luxury prices in Miami and Tampa are rising faster than anywhere else in the nation.  In West Palm Beach, luxury sales are rising faster than anywhere else.  Please visit Redfin’s…

More homes are hitting the market, but fewer buyers are purchasing them, giving house hunters an opportunity to negotiate prices and ask for concessions.  New listings rose 0.4% from a week earlier during the four weeks ending August 23 to their highest level since April. The total number of homes for sale rose 0.5% week…

14% of U.S. homebuying deals fell through in July, the highest share since November 2023, as buyers gained more power.  Home-purchase cancellations are most prevalent in buyer-friendly southern markets, where a lot of inventory and fewer buyers are giving house hunters more confidence to walk away from deals. Contract cancellations are least common in competitive…

Late August is the best time for homebuyers to score a deal in parts of California, Austin, TX and certain New York City suburbs.  Mid-September is the prime dealmaking window for buyers in Baltimore, Nashville, Southern California and parts of Texas. Late September is the sweet spot for buyers in Houston, Las Vegas, San Francisco…