Redfin Reports Homebuyer Demand Improved Last Week, But Tariff Turmoil, Rising Rates and Economic Jitters Likely to Hamper Sales
Redfin (NASDAQ: RDFN) reports mixed signals in the housing market amid economic uncertainty. While early April showed some positive indicators with mortgage-purchase applications rising 9% and pending home sales declining only 1.1% year-over-year, recent developments suggest challenges ahead.
Mortgage rates have jumped to 6.95%, their highest in six weeks, with median monthly mortgage payments reaching a record high of $2,813. New listings increased 10.3% annually, as homeowners rush to sell before a potential economic downturn.
The median sale price reached $386,500, up 2.5% year-over-year, marking the smallest increase since October 2023. Active listings rose 11.4%, with months of supply at 4. Market dynamics show regional variations, with Cleveland leading price increases (12%) while Indianapolis experienced the largest decline (-4.4%).
Redfin (NASDAQ: RDFN) riporta segnali contrastanti nel mercato immobiliare a causa dell'incertezza economica. Mentre all'inizio di aprile si sono registrati alcuni indicatori positivi con un aumento del 9% delle domande di mutuo e una diminuzione delle vendite di case in attesa dell'1,1% rispetto all'anno precedente, gli sviluppi recenti suggeriscono sfide in arrivo.
I tassi di interesse sui mutui sono saliti al 6,95%, il massimo in sei settimane, con i pagamenti mensili medi dei mutui che hanno raggiunto un record di $2,813. Le nuove inserzioni sono aumentate del 10,3% su base annua, poiché i proprietari si affrettano a vendere prima di un possibile rallentamento economico.
Il prezzo medio di vendita ha raggiunto $386,500, in aumento del 2,5% rispetto all'anno precedente, segnando il più piccolo incremento da ottobre 2023. Le inserzioni attive sono aumentate dell'11,4%, con mesi di offerta a 4. Le dinamiche del mercato mostrano variazioni regionali, con Cleveland che guida gli aumenti dei prezzi (12%) mentre Indianapolis ha registrato la maggiore diminuzione (-4,4%).
Redfin (NASDAQ: RDFN) informa sobre señales mixtas en el mercado de la vivienda en medio de la incertidumbre económica. Mientras que a principios de abril se mostraron algunos indicadores positivos con un aumento del 9% en las solicitudes de hipoteca y una disminución de solo el 1.1% en las ventas de casas pendientes en comparación con el año anterior, los desarrollos recientes sugieren desafíos por delante.
Las tasas de interés hipotecarias han saltado al 6.95%, su nivel más alto en seis semanas, con los pagos mensuales medianos de hipoteca alcanzando un récord de $2,813. Las nuevas listas aumentaron un 10.3% anualmente, ya que los propietarios se apresuran a vender antes de una posible recesión económica.
El precio medio de venta alcanzó los $386,500, un aumento del 2.5% interanual, marcando el incremento más pequeño desde octubre de 2023. Las listas activas aumentaron un 11.4%, con meses de suministro en 4. La dinámica del mercado muestra variaciones regionales, con Cleveland liderando los aumentos de precios (12%) mientras que Indianápolis experimentó la mayor caída (-4.4%).
Redfin (NASDAQ: RDFN)는 경제적 불확실성 속에서 주택 시장의 혼합 신호를 보고합니다. 4월 초에는 모기지 구매 신청이 9% 증가하고, 연간 기준으로 미결 주택 판매가 1.1% 감소하는 긍정적인 지표가 있었으나, 최근의 발전은 앞으로의 도전 과제를 시사합니다.
모기지 금리는 6.95%로 6주 만에 최고치를 기록했으며, 평균 월 모기지 지급액은 $2,813로 사상 최고치를 기록했습니다. 신규 매물은 연간 10.3% 증가하였고, 주택 소유자들은 잠재적인 경제 침체 이전에 매각을 서두르고 있습니다.
중간 판매 가격은 $386,500에 도달하여 연간 2.5% 증가하였으며, 이는 2023년 10월 이후 가장 작은 증가폭을 기록했습니다. 활성 매물은 11.4% 증가했으며, 공급 월수는 4개월입니다. 시장 역학은 지역별 차이를 보이며, 클리블랜드가 가격 상승(12%)을 주도하는 반면, 인디애나폴리스는 가장 큰 하락(-4.4%)을 경험했습니다.
Redfin (NASDAQ: RDFN) rapporte des signaux mitigés sur le marché immobilier dans un contexte d'incertitude économique. Bien qu'au début d'avril, certains indicateurs positifs aient montré une augmentation de 9 % des demandes de prêts hypothécaires et une baisse des ventes de maisons en attente de seulement 1,1 % par rapport à l'année précédente, les développements récents suggèrent des défis à venir.
Les taux hypothécaires ont grimpé à 6,95 %, leur niveau le plus élevé en six semaines, avec des paiements hypothécaires mensuels médians atteignant un record de 2 813 $. Les nouvelles annonces ont augmenté de 10,3 % par rapport à l'année précédente, alors que les propriétaires se précipitent pour vendre avant un éventuel ralentissement économique.
Le prix de vente médian a atteint 386 500 $, en hausse de 2,5 % par rapport à l'année précédente, marquant la plus petite augmentation depuis octobre 2023. Les annonces actives ont augmenté de 11,4 %, avec des mois d'approvisionnement à 4. La dynamique du marché montre des variations régionales, Cleveland étant en tête des augmentations de prix (12 %), tandis qu'Indianapolis a connu la plus grande baisse (-4,4 %).
Redfin (NASDAQ: RDFN) berichtet von gemischten Signalen auf dem Immobilienmarkt inmitten wirtschaftlicher Unsicherheiten. Während Anfang April einige positive Indikatoren mit einem Anstieg der Hypothekenanträge um 9% und einem Rückgang der ausstehenden Immobilienverkäufe um nur 1,1% im Vergleich zum Vorjahr zu verzeichnen waren, deuten aktuelle Entwicklungen auf bevorstehende Herausforderungen hin.
Die Hypothekenzinsen sind auf 6,95% gestiegen, den höchsten Stand seit sechs Wochen, wobei die durchschnittlichen monatlichen Hypothekenzahlungen mit $2.813 einen Rekordwert erreicht haben. Die neuen Angebote sind jährlich um 10,3% gestiegen, da Hausbesitzer sich beeilen, bevor eine mögliche wirtschaftliche Abschwächung eintritt.
Der mediane Verkaufspreis erreichte $386.500, was einem Anstieg von 2,5% im Vergleich zum Vorjahr entspricht und den kleinsten Anstieg seit Oktober 2023 markiert. Die aktiven Angebote stiegen um 11,4%, mit einem Angebotsmonat von 4. Die Marktdynamik zeigt regionale Unterschiede, wobei Cleveland die Preissteigerungen (12%) anführt, während Indianapolis den größten Rückgang (-4,4%) verzeichnete.
- Mortgage-purchase applications increased 9% week-over-week
- New listings up 10.3% annually, indicating improved inventory
- Median sale price still showing growth at 2.5% year-over-year
- Pending sales decline improved to just -1.1%, the smallest drop since early 2025
- Mortgage rates jumped to 6.95%, highest level in six weeks
- Record-high median monthly mortgage payment at $2,813
- Share of homes sold above list price decreased to 25.1% from 28% year-over-year
- Median days on market increased by 6 days compared to previous year
- Economic uncertainty and recession fears affecting buyer confidence
Insights
Redfin's latest housing market report reveals a complex and potentially troubling landscape for the company's core brokerage business. While there were brief positive signals with mortgage applications rising
The report highlights multiple concerning headwinds: mortgage rates have jumped to
This market environment creates significant near-term challenges for Redfin, whose transaction-based revenue model depends heavily on sales volume and market activity. While new listings are up
Pending home sales and mortgage applications improved a bit at the start of April. But since then, the back-and-forth on President Trump’s new tariff policy, rising mortgage rates and the increased odds of a recession have likely pushed down homebuying sentiment.
Homebuying demand improved at the start of April. Mortgage-purchase applications rose
The improvement in demand is unlikely to last. Mortgage rates have since soared, jumping on April 9 to
“Tariffs are coming up for the first time. I hosted an open house over the weekend, and some of the younger buyers were concerned about how they’re going to impact the housing market,” said Desiree Bourgeois, a Redfin Premier agent in
New listings are rising. Pending sales are falling despite more homes being listed for sale. New listings are up
“The only thing that’s certain about mortgage rates and the housing market right now is extreme uncertainty,” said Redfin Economic Research Lead Chen Zhao. “With the White House going back and forth on tariffs, sending markets and rates reeling, Americans are feeling uneasy about their money. Nobody knows what will happen next. It’s likely that financial anxiety, rapidly changing economic news and the rising chance of a recession freeze the housing market. But it’s also possible that economic turmoil pushes down mortgage rates and/or people decide to bite the bullet now instead of waiting for conditions to perhaps worsen, encouraging homebuyers and sellers to jump into the market.”
For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page.
Leading indicators
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 |
|
Down marginally from the week before; near lowest level since mid-December |
Down from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
|
Up |
Up |
Mortgage Bankers Association |
Touring activity |
|
Up |
At this time last year, it was up |
ShowingTime, a home touring technology company |
Google searches for “home for sale” |
|
Up |
Up
|
Google Trends |
The Redfin Homebuyer Demand Index has been excluded this week to ensure data accuracy. |
||||
Key housing-market data
Redfin’s national metrics include data from 400+ |
|||
|
Four weeks ending April 6, 2025 |
Year-over-year change |
Notes |
Median sale price |
|
|
Smallest increase since Oct. 2023 |
Median asking price |
|
|
|
Median monthly mortgage payment |
|
|
Record high |
Pending sales |
85,764 |
- |
Smallest decline since start of 2025 |
New listings |
100,661 |
|
|
Active listings |
984,949 |
|
|
Months of supply |
4 |
+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 |
43 |
+6 days |
|
Share of homes sold above list price |
|
Down from |
|
Average sale-to-list price ratio |
|
Down from |
|
Metro-level highlights: Four weeks ending April 6, 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 8 metros |
Pending sales |
|
|
Increased in roughly half the metros |
New listings |
|
|
Declined in 2 metros
|
To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-homebuying-demand-mortgage-rates-uncertainty
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/20250410331061/en/
Contact Redfin
Redfin Journalist Services:
Tana Kelley
press@redfin.com
Source: Redfin
FAQ
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