More People Are House Hunting and Applying For Mortgages as Rates Decline
Redfin (NASDAQ: RDFN) reports increased homebuyer activity as mortgage rates fall to their lowest since mid-December. Mortgage-purchase applications rose 7%, while Google searches for 'homes for sale' increased 10% month over month. Redfin's Homebuyer Demand Index reached its highest level since the start of 2024.
Despite increased buyer interest, pending home sales declined 6.1% year over year during the four weeks ending March 9. The disconnect between browsing and buying is attributed to economic uncertainty, with potential buyers weighing lower mortgage payments against concerns about job security and recession risks.
On the supply side, new listings increased 3.1% year over year. Redfin anticipates continued growth in listings as the spring homebuying season approaches and sellers respond to increasing buyer demand.
Redfin (NASDAQ: RDFN) riporta un aumento dell'attività degli acquirenti di case poiché i tassi ipotecari scendono ai minimi da metà dicembre. Le domande di mutuo per l'acquisto sono aumentate del 7%, mentre le ricerche su Google per 'case in vendita' sono aumentate del 10% mese su mese. L'Indice di Domanda degli Acquirenti di Redfin ha raggiunto il suo livello più alto dall'inizio del 2024.
Nonostante l'aumento dell'interesse degli acquirenti, le vendite di case in attesa sono diminuite del 6,1% rispetto all'anno precedente durante le quattro settimane che si sono concluse il 9 marzo. Il divario tra la ricerca e l'acquisto è attribuito all'incertezza economica, con i potenziali acquirenti che valutano i pagamenti ipotecari più bassi rispetto alle preoccupazioni sulla sicurezza del lavoro e ai rischi di recessione.
Dal lato dell'offerta, le nuove inserzioni sono aumentate del 3,1% rispetto all'anno precedente. Redfin prevede una continua crescita delle inserzioni man mano che si avvicina la stagione primaverile degli acquisti immobiliari e i venditori rispondono all'aumento della domanda degli acquirenti.
Redfin (NASDAQ: RDFN) informa sobre un aumento en la actividad de los compradores de viviendas, ya que las tasas hipotecarias caen a su nivel más bajo desde mediados de diciembre. Las solicitudes de hipotecas para compra aumentaron un 7%, mientras que las búsquedas en Google de 'casas en venta' crecieron un 10% mes a mes. El Índice de Demanda de Compradores de Redfin alcanzó su nivel más alto desde el comienzo de 2024.
A pesar del aumento del interés de los compradores, las ventas de casas pendientes cayeron un 6,1% interanual durante las cuatro semanas que finalizaron el 9 de marzo. La desconexión entre la búsqueda y la compra se atribuye a la incertidumbre económica, con los compradores potenciales sopesando pagos hipotecarios más bajos frente a preocupaciones sobre la seguridad laboral y los riesgos de recesión.
En el lado de la oferta, las nuevas listas aumentaron un 3,1% interanual. Redfin anticipa un crecimiento continuo en las listas a medida que se acerca la temporada de compra de viviendas de primavera y los vendedores responden a la creciente demanda de los compradores.
Redfin (NASDAQ: RDFN)는 모기지 금리가 12월 중순 이후 최저치로 떨어지면서 주택 구매자 활동이 증가했다고 보고했습니다. 주택 구매를 위한 모기지 신청이 7% 증가했습니다, 반면 '판매 중인 주택'에 대한 구글 검색은 전월 대비 10% 증가했습니다. Redfin의 주택 구매자 수요 지수는 2024년 시작 이후 가장 높은 수준에 도달했습니다.
구매자 관심이 증가했음에도 불구하고, 보류 중인 주택 판매는 전년 대비 6.1% 감소했습니다 3월 9일로 끝나는 4주 동안. 검색과 구매 간의 불일치는 경제적 불확실성에 기인하며, 잠재적인 구매자들은 낮은 모기지 상환액과 직업 안전 및 경기 침체 위험에 대한 우려를 저울질하고 있습니다.
공급 측면에서 새로운 매물은 전년 대비 3.1% 증가했습니다. Redfin은 봄 주택 구매 시즌이 다가오면서 매물 증가가 계속될 것으로 예상하며, 판매자들은 증가하는 구매자 수요에 대응하고 있습니다.
Redfin (NASDAQ: RDFN) fait état d'une augmentation de l'activité des acheteurs de maisons alors que les taux hypothécaires tombent à leur plus bas niveau depuis la mi-décembre. Les demandes de prêts hypothécaires pour l'achat ont augmenté de 7%, tandis que les recherches Google pour 'maisons à vendre' ont augmenté de 10% d'un mois à l'autre. L'Indice de Demande des Acheteurs de Redfin a atteint son niveau le plus élevé depuis le début de 2024.
Malgré un intérêt accru des acheteurs, les ventes de maisons en attente ont diminué de 6,1% d'une année sur l'autre au cours des quatre semaines se terminant le 9 mars. Le décalage entre la recherche et l'achat est attribué à l'incertitude économique, les acheteurs potentiels pesant des paiements hypothécaires plus bas par rapport aux préoccupations concernant la sécurité de l'emploi et les risques de récession.
Côté offre, les nouvelles annonces ont augmenté de 3,1% d'une année sur l'autre. Redfin prévoit une poursuite de la croissance des annonces à mesure que la saison des achats immobiliers de printemps approche et que les vendeurs répondent à la demande croissante des acheteurs.
Redfin (NASDAQ: RDFN) berichtet von einer erhöhten Aktivität der Käufer auf dem Wohnungsmarkt, da die Hypothekenzinsen auf den niedrigsten Stand seit Mitte Dezember gefallen sind. Die Anträge auf Hypotheken für den Kauf sind um 7% gestiegen, während die Google-Suchen nach 'Häusern zum Verkauf' monatlich um 10% zugenommen haben. Der Nachfrageindex für Käufer von Redfin erreichte den höchsten Stand seit Beginn des Jahres 2024.
Trotz des gestiegenen Käuferinteresses sind die ausstehenden Hausverkäufe im Jahresvergleich um 6,1% gesunken in den vier Wochen bis zum 9. März. Die Diskrepanz zwischen Stöbern und Kaufen wird der wirtschaftlichen Unsicherheit zugeschrieben, da potenzielle Käufer niedrigere Hypothekenzahlungen gegen Bedenken hinsichtlich der Arbeitsplatzsicherheit und der Risiken einer Rezession abwägen.
Auf der Angebotsseite stiegen die neuen Angebote im Jahresvergleich um 3,1%. Redfin erwartet ein weiteres Wachstum der Angebote, da die Frühlingssaison für den Wohnungsverkauf näher rückt und die Verkäufer auf die steigende Nachfrage der Käufer reagieren.
- Mortgage purchase applications increased 7%
- Google searches for homes up 10% month-over-month
- New listings increased 3.1% year-over-year
- Homebuyer Demand Index at highest level since start of year
- Pending home sales declined 6.1% year-over-year
- Economic uncertainty affecting buyer confidence
- Increased browsing activity not converting to actual sales
Redfin reports prospective homebuyers are hitting the pavement as rates drop to their lowest level since mid-December. But that hasn’t yet translated to sales.
Mortgage-purchase applications rose
The uptick in house hunting hasn’t yet translated to an uptick in home sales. Pending home sales fell
“Mortgage rates are coming down because the country’s economic outlook is getting stormier as investors worry about things like tariffs and a slightly weaker-than-expected job market,” said Redfin Economic Research Lead Chen Zhao. “Lower mortgage rates have brought some house hunters who were waiting for costs to come down off the sidelines. But they haven’t yet led to more sales because prospective buyers are still figuring out whether lower payments are enough to justify a home purchase in today’s uncertain economy. Many Americans are concerned about things like job security and a potential recession.”
On the selling side, new listings of homes for sale are up
Indicators of homebuying demand and activity |
||||
|
Value (if applicable) |
Recent change |
Year-over-year change |
Source |
Daily average 30-year fixed mortgage rate |
|
Up from |
Down from |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
|
Lowest level since mid-December |
Down from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
|
Up |
Up |
Mortgage Bankers Association |
Redfin Homebuyer Demand Index (seasonally adjusted) |
|
Highest level since start of 2025 (as of week ending March 9) |
Up
|
Redfin Homebuyer Demand Index, a measure of tours and other homebuying services from Redfin agents |
Touring activity |
|
Up |
At this time last year, it was up |
ShowingTime, a home touring technology company |
Google searches for “home for sale” |
|
Up |
Unchanged
|
Google Trends |
Redfin’s national metrics include data from 400+ |
|||
|
Four weeks ending March 9, 2025 |
Year-over-year change |
Notes |
Median sale price |
|
|
|
Median asking price |
|
|
|
Median monthly mortgage payment |
|
|
|
Pending sales |
77,182 |
- |
|
New listings |
88,739 |
|
|
Active listings |
925,690 |
|
Smallest increase in over a year |
Months of supply |
4.1 (lowest level of the year) |
+0.6 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 |
|
Down from |
|
Median days on market |
52 |
+7 days |
|
Share of homes sold above list price |
|
Down from |
|
Average sale-to-list price ratio |
|
Down from |
|
Metro-level highlights: Four weeks ending March 9, 2025
Redfin’s metro-level data includes the 50 most populous |
|||
|
Metros with biggest year-over-year increases |
Metros with biggest year-over-year decreases |
Notes |
Median sale price |
|
|
Declined in 5 metros |
Pending sales |
|
|
Increased in 4 metros |
New listings |
|
|
Increased in roughly half the metros
|
To view the full report, including charts, please visit: https://www.redfin.com/news/housing-market-update-more-house-hunting-rates-fall
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance 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. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250313277389/en/
Contact Redfin
Redfin Journalist Services:
Ally Braun, 206-414-8880
press@redfin.com
Source: Redfin
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