Looking to buy a home? Redfin's research lead says a flood of housing supply is set to hit the market by the end of 2025 as locked-in homeowners finally start selling.

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A picture of a house locked up with a key.

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Small apartments are in, and it's causing rents in new buildings to drop

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A studio apartment in Denver, Colorado.
A studio apartment in Denver, Colorado.

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Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demand

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house home price
Home prices fell in several parts of Florida and Texas last quarter.

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Home prices aren't falling in the biggest metro areas for the first time in 2 years, Redfin says

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home for sale sign price reduced

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Mortgage rates spike above 7% for the first time this year as the market adjusts to delayed Fed cuts

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Homebuyers signing a mortgage.
Homebuyers signing a mortgage.

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Housing affordability has improved, but not by much

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home buyers
US homebuyers need to make $114,000 a year to afford a median-priced home, Redfin says.

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Why buying a home isn't likely to get much cheaper even under Biden's housing plan

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buying a home

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The housing market's inventory crisis is finally easing

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Housing market recovery

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The US housing market added $2 trillion in value last year, boosted by a nationwide shortage of homes for sale

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A house with a for sale sign in the front.
The typical US homebuyer’s monthly mortgage payment soared to a record high in April, according to Redfin.

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Spring home buying season is near. Real estate pros say this year's rush could push prices up 5% after a weak 2023.

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housing market neighborhood

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