Redfin Reports High Housing Payments Are Slowing Home Sales, But Buyers Could Get Relief Soon
Redfin (NASDAQ: RDFN) reports that U.S. housing market activity is experiencing significant headwinds, with the median monthly housing payment reaching $2,686 - the highest in nearly seven months. This surge is attributed to rising mortgage rates (7.04%) and a 5% year-over-year increase in median home sale prices ($378,144).
The market shows signs of slowdown with pending home sales down 10.1% annually, marking the largest decline in over a year. Homes are taking longer to sell, averaging 52 days on market - the longest span in two years. Contributing factors include extreme weather conditions, wildfires in Southern California, and new listings.
In Los Angeles, the recent wildfires have destroyed or damaged 17% of homes within the Palisades and Eaton fires perimeters, leading to a surge in rental searches. Online views of rental listings in Los Angeles County have nearly doubled year-over-year, while pending home sales declined by approximately 10%.
Redfin (NASDAQ: RDFN) riporta che l'attività del mercato immobiliare statunitense sta affrontando notevoli difficoltà, con il pagamento mensile medio per la casa che ha raggiunto i 2.686 dollari, il livello più alto degli ultimi sette mesi. Questo aumento è attribuito all'innalzamento dei tassi ipotecari (7,04%) e a un incremento del 5% rispetto all'anno precedente nei prezzi medi di vendita delle case (378.144 dollari).
Il mercato mostra segni di rallentamento, con le vendite di case in attesa in calo del 10,1% su base annua, segnando il più grande ribasso in oltre un anno. Le case impiegano più tempo per essere vendute, con una media di 52 giorni sul mercato, il periodo più lungo degli ultimi due anni. I fattori che contribuiscono includono condizioni meteorologiche estreme, incendi nella California meridionale e nuove inserzioni.
A Los Angeles, i recenti incendi hanno distrutto o danneggiato il 17% delle case all'interno dei perimetri degli incendi di Palisades ed Eaton, portando a un aumento delle ricerche di affitti. Le visualizzazioni online delle inserzioni di affitto nella Contea di Los Angeles sono quasi raddoppiate rispetto all'anno precedente, mentre le vendite di case in attesa sono diminuite di circa il 10%.
Redfin (NASDAQ: RDFN) informa que la actividad del mercado de la vivienda en EE. UU. está enfrentando vientos en contra significativos, con el pago mensual medio de la vivienda alcanzando los 2,686 dólares, el más alto en casi siete meses. Este aumento se atribuye al aumento de las tasas hipotecarias (7.04%) y a un incremento del 5% interanual en los precios de venta medianos de las casas (378,144 dólares).
El mercado muestra señales de desaceleración, con las ventas de casas pendientes disminuyendo un 10.1% anualmente, marcando la mayor caída en más de un año. Las casas están tardando más en venderse, con un promedio de 52 días en el mercado, el período más largo en dos años. Los factores que contribuyen incluyen condiciones climáticas extremas, incendios en el sur de California y nuevas listas de propiedades.
En Los Ángeles, los recientes incendios han destruido o dañado el 17% de las casas dentro de los perímetros de los incendios de Palisades y Eaton, lo que ha llevado a un aumento en las búsquedas de alquiler. Las vistas en línea de los anuncios de alquiler en el Condado de Los Ángeles casi se han duplicado interanualmente, mientras que las ventas de casas pendientes han disminuido aproximadamente un 10%.
레드핀 (NASDAQ: RDFN)은 미국 주택 시장 활동이 상당한 어려움에 직면하고 있으며, 월 평균 주택 지불액이 2,686달러로 거의 7개월 만에 최고치를 기록했다고 보고했습니다. 이 급증은 모기지 금리 상승(7.04%)과 중간 주택 판매 가격이 전년 대비 5% 상승한 것(378,144달러) 때문입니다.
시장은 둔화의 조짐을 보이며, 보류 중인 주택 판매가 연간 10.1% 감소하여 1년 이상 만에 가장 큰 하락폭을 기록했습니다. 집들이 판매되는 데 평균 52일이 걸리며, 이는 2년 사이에 가장 긴 시간입니다. contributing 요소로는 극심한 날씨 조건, 남부 캘리포니아의 산불 및 새로운 매물 등이 있습니다.
로스앤젤레스에서 최근 대형 산불은 팔리세이즈와 이튼 지역의 17%의 주택을 파괴하거나 손상시켜, 임대 검색이 급증했습니다. 로스앤젤레스 카운티의 임대 목록 온라인 조회 수는 전년 대비 거의 두 배로 증가했으며, 보류 중인 주택 판매는 약 10% 감소했습니다.
Redfin (NASDAQ: RDFN) rapporte que l'activité du marché immobilier américain connaît d'importants revers, avec le paiement mensuel médian pour un logement atteignant 2 686 dollars - le niveau le plus élevé depuis près de sept mois. Cette montée est attribuée à l'augmentation des taux d'intérêt hypothécaires (7,04 %) et à une augmentation de 5 % d'une année sur l'autre des prix de vente médians des maisons (378 144 dollars).
Le marché montre des signes de ralentissement, avec les ventes de maisons en attente en baisse de 10,1 % sur une base annuelle, marquant la plus forte baisse en plus d'un an. Les maisons mettent plus de temps à se vendre, avec une moyenne de 52 jours sur le marché - la plus longue période en deux ans. Les facteurs contributifs incluent des conditions météorologiques extrêmes, des incendies de forêt dans le sud de la Californie et de nouvelles annonces.
À Los Angeles, les récents incendies de forêt ont détruit ou endommagé 17 % des maisons à l'intérieur des périmètres des incendies de Palisades et d'Eaton, entraînant une augmentation des recherches de locations. Les vues en ligne des annonces de location dans le comté de Los Angeles ont presque doublé par rapport à l'année précédente, tandis que les ventes de maisons en attente ont diminué d'environ 10 %.
Redfin (NASDAQ: RDFN) berichtet, dass die Aktivität auf dem US-Immobilienmarkt erheblichen Gegenwind erfährt, wobei die mittlere monatliche Wohnungszahlung 2.686 USD erreicht hat – der höchste Wert seit fast sieben Monaten. Dieser Anstieg ist auf steigende Hypothekenzinsen (7,04%) und einen Anstieg von 5% im Jahresvergleich bei den medianen Verkaufspreisen von Eigenheimen (378.144 USD) zurückzuführen.
Der Markt zeigt Anzeichen einer Verlangsamung, da die ausstehenden Hausverkäufe jährlich um 10,1% gesunken sind und damit den größten Rückgang seit über einem Jahr darstellen. Die Verkaufszeiten haben sich verlängert, das Durchschnitt liegt bei 52 Tagen auf dem Markt, die längste Zeitspanne in zwei Jahren. Zu den beitragenden Faktoren gehören extrem Wetterbedingungen, Waldbrände in Südkalifornien und neue Angebote.
In Los Angeles haben die jüngsten Waldbrände 17% der Häuser innerhalb der Brandgebiete von Palisades und Eaton zerstört oder beschädigt, was zu einem Anstieg der Mietanfragen geführt hat. Die Online-Ansichten von Mietanzeigen im Landkreis Los Angeles haben sich im Jahresvergleich fast verdoppelt, während die ausstehenden Hausverkäufe um etwa 10% zurückgegangen sind.
- Median home sale prices increased 5% year-over-year to $378,144
- Google searches for 'home for sale' up 24% from previous month
- Mortgage purchase applications up 2% year-over-year
- Pending home sales declined 10.1% annually, largest drop in over a year
- Monthly housing payment reached $2,686, highest in nearly seven months
- Mortgage rates increased to 7.04%, highest since May
- Average days on market increased to 52 days, longest in two years
- Share of homes sold above list price decreased to 21.3% from 23%
Insights
The latest housing market data reveals a complex landscape that directly impacts Redfin's core business. The record-high housing payments of
Several key metrics paint a challenging picture for Redfin's business model:
- The average 52-day listing period (longest in two years) increases carrying costs and marketing expenses
- The
2.9% decline in new listings limits inventory and transaction opportunities - Only
21.3% of homes selling above list price indicates reduced commission potential
However, there are potential catalysts for recovery. The softening CPI report and potential mortgage rate declines could reignite market activity. The regional variations are particularly noteworthy, with markets like Milwaukee showing a robust
The Los Angeles wildfire situation presents both challenges and opportunities. While it's disrupting traditional home sales, the surge in rental searches could help offset losses through Redfin's rental platform. This highlights the strategic importance of Redfin's diversified service offerings in maintaining revenue streams during market disruptions.
In
High housing costs are one factor keeping many would-be homebuyers on the sidelines. Pending home sales are down
Other factors pushing down pending sales are extreme cold and snow in some parts of the country, wildfires in
There are signals homebuyers could get cost relief soon. Daily average mortgage rates started coming down last week after a softer-than-expected CPI report, and Redfin economists expect rates to decline more if President Trump continues to signal he will be less aggressive on tariffs than expected. And sale-price increases may be losing momentum; the
The ongoing
Roughly one of every six (
Online views of rental listings in
“I’m focused on helping families displaced by the fires find short-term housing, which is challenging because rentals are moving at an incredibly fast pace,” said Erik Miles, a Redfin Premier agent in the
For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page.
Leading indicators |
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Indicators of homebuying demand and activity |
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|
Value (if applicable) |
Recent change |
Year-over-year change |
Source |
Daily average 30-year fixed mortgage rate |
|
Down from |
Up from |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
|
Highest level since May |
Up from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
|
Up |
Up |
Mortgage Bankers Association |
Redfin Homebuyer Demand Index (seasonally adjusted) |
|
Up slightly from a week earlier, but still near lowest level since June (as of week ending Jan. 19) |
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 essentially flat from the start of 2024 |
ShowingTime, a home touring technology company |
Google searches for “home for sale” |
|
Up |
Unchanged
|
Google Trends |
Key housing-market data |
|||
|
|||
Redfin’s national metrics include data from 400+ |
|||
|
Four weeks ending Jan. 19, 2025 |
Year-over-year change |
Notes |
Median sale price |
|
|
Smallest increase since October |
Median asking price |
|
|
|
Median monthly mortgage payment |
|
|
Highest level since June |
Pending sales |
51,122 |
- |
Biggest decline since October 2023 |
New listings |
54,982 |
- |
|
Active listings |
859,262 |
|
Smallest increase in nearly a year |
Months of supply |
5 |
+0.2 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 |
+6 days to highest level in 2 years |
|
Share of homes sold above list price |
|
Down from |
|
Average sale-to-list price ratio |
|
Essentially unchanged |
|
Metro-level highlights: Four weeks ending Jan. 19, 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 1 metro
|
New listings |
|
|
Increased in 18 metros |
To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-high-housing-costs-push-down-sales
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/20250123278500/en/
Contact Redfin
Redfin Journalist Services:
Tana Kelley
press@redfin.com
Source: Redfin
FAQ
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