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a row of homes in San Francisco
The lock-in effect isn't going away as inventory remains tight and demand returns.
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A row or houses in Texas
While housing prices are significantly cheaper in Texas compared to California, property taxes are not.
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Home construction
Housing starts tumbled in January to a five-month low.
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The number of home sales per real estate agent is at its lowest level in decades
The number of home sales per real estate agent is at its lowest level in decades.
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A row of houses on a street.
Investors bought more than a quarter of the affordable homes in the US last quarter, Redfin said.
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Couple in front of a house.
Boomers are unlikely to downsize given the current affordability conditions, Redfin said.