The median monthly housing payment hit an all-time high of $2,775, up 11% year over year.

That increase comes as mortgage rates tick up and the median U.S. home-sale price jumps 5% from a year earlier to $380,250 👉 bit.ly/3xR5sPe #realestate

Daily average mortgage rates surpassed 7.4% this week, the highest level since last November, as the median home-sale price jumped 5% year over year.

Even so, there are signals that buyers are touring homes despite rising costs. #housing

Lack of affordability is the prevailing reason renters believe they’re unlikely to become homeowners.

Just 8% of Gen Z renters believe they’ll never own a home, compared to 22% of millennials, 40% of Gen Xers, and 81% of baby boomers. #housing
redfin.com/news/renters-b…

Nearly 18% of San Francisco sellers are losing money on their home sale. That's the highest level in over a decade and more than any other metro 👉 bit.ly/43XRNSs

Following San Francisco came Detroit (10.8%), Cleveland (8.2%), St. Louis (8.1%), and Chicago (7.9%).

Today's takeaways about #mortgagerates 👇

Home prices are staying stubbornly high because there’s enough homebuying demand to prop them up 👉 bit.ly/4auDCa7 #realestate

• Our Homebuyer Demand Index is at its highest level since last July
• Home tours are up 33% since the start of the year

Mortgage rates will stay elevated through the peak homebuying season following March's inflation report.

This week's economic news is already pushing up mortgage rates, which hit 7.37% yesterday. #mortgagerates
redfin.com/news/march-202…

The median monthly U.S. housing payment hit an all-time high of $2,747, up 11% from a year earlier.

Housing payments are soaring as home prices climb and daily average mortgage rates jump to their highest level since November. #housing

The median U.S. asking rent price rose 1% from a year earlier to $1,987 in March.

Rising rents in the Midwest helped drive the national uptick in prices in part because the region hasn’t seen as big of a construction boom as other parts of the country. #rentprices

Housing affordability continues to be a challenge for many Americans.

Half homeowners and renters struggle to afford their housing payments—and many are making big sacrifices to cover their costs 👉 bit.ly/3xtbwNT #housing

We're proud to announce Redfin has again ranked among the top 10 real estate brokerages nationwide 🎉

Our agents also outperformed competitors both in terms of deals and sales volume per agent 👏 redfin.com/news/redfin-ra…

Employment growth was strong in March meaning mortgage rates are likely to stay higher for longer.

June versus July for the Fed’s first interest-rate cut now feels like a toss up, though it depends on incoming inflation data. #mortgagerates
redfin.com/news/march-job…

The typical housing payment is just $13 shy of the all-time high as mortgage rates hover around 7% and the median home-sale price jumps 4.7% year over year.

'Buyers may get a break on housing costs in the coming months,' says our economist Chen Zhao 👉 bit.ly/3xnF4wr

Buyers and sellers took a break over Easter slowing down new listings growth and homebuying activity—most likely temporarily.

Housing costs remain stubbornly high, but our economists say costs could come down soon. #housing

Baby boomers are aging in place largely because they've paid off their homes or they don't want to trade in their lower mortgage rate.

This trend is increasing homeowner tenure, exacerbating the shortage of homes for sale, and pushing up prices. #realestate

We update listings every two minutes, so you'll never miss a new home that's perfect for you...or your roommate. Visit Redfin.com.

Today's takeaways about the #housingmarket 👇

There are a few signs that home price growth could soften👇

1. Nearly 6% of listings had a price drop, the highest share of any March on record.

2. Months of supply hit its highest level of any March since 2020, indicating that the market is becoming more balanced.

The typical homebuyer’s down payment last month was equal to 15% of the purchase price, up from 10% a year earlier.

Elevated mortgage rates are incentivizing buyers to put down larger down payments to decrease their monthly payments. #realestate