Redfin Reports Homebuying Demand Sitting Near Highest Level Since Early Spring As Mortgage Rates Fall
Redfin (NASDAQ: RDFN) reports increased homebuying activity as mortgage rates decline from late November's four-month high. The average weekly rate has dropped to 6.69%, reducing the typical U.S. homebuyer's monthly payment to $2,527. Redfin's Homebuyer Demand Index is up 8% year-over-year, approaching its highest level since April, while mortgage-purchase applications have increased nearly 20% month-over-month.
Pending home sales rose 4.1% year-over-year, and new listings increased by 7.9%, marking the largest increase since June. The median sale price stands at $383,875, up 6% year-over-year. The market shows signs of stabilization post-election, with both buyers and sellers becoming more active despite rates remaining above 6%.
Redfin (NASDAQ: RDFN) riporta un aumento dell'attività di acquisto di case poiché i tassi ipotecari sono diminuiti dal massimo di quattro mesi registrato alla fine di novembre. Il tasso medio settimanale è sceso a 6,69%, riducendo il pagamento mensile tipico per l'acquirente di una casa negli Stati Uniti a $2.527. L'Indice di Domanda degli Acquirenti di Redfin è aumentato del 8% rispetto all'anno precedente, avvicinandosi al suo livello più alto da aprile, mentre le domande di prestito ipotecario per l'acquisto sono aumentate di quasi 20% mese su mese.
Le vendite di case in attesa sono aumentate del 4,1% rispetto all'anno precedente, e le nuove inserzioni sono aumentate del 7,9%, segnando il maggiore incremento da giugno. Il prezzo di vendita mediano si attesta a $383.875, in aumento del 6% rispetto all'anno precedente. Il mercato mostra segni di stabilizzazione dopo le elezioni, con acquirenti e venditori che diventano più attivi nonostante i tassi rimangano sopra il 6%.
Redfin (NASDAQ: RDFN) informa sobre un aumento de la actividad de compra de viviendas a medida que las tasas hipotecarias disminuyen desde el máximo de cuatro meses a finales de noviembre. La tasa promedio semanal ha caído al 6.69%, reduciendo el pago mensual típico de un comprador de vivienda en EE. UU. a $2,527. El Índice de Demanda de Compradores de Redfin ha subido un 8% interanual, acercándose a su nivel más alto desde abril, mientras que las solicitudes de hipoteca para compra han aumentado casi un 20% mes a mes.
Las ventas de viviendas pendientes aumentaron un 4.1% interanual, y los nuevos listados aumentaron un 7.9%, marcando el mayor incremento desde junio. El precio de venta mediano se sitúa en $383,875, con un aumento del 6% interanual. El mercado muestra signos de estabilización después de las elecciones, con compradores y vendedores volviéndose más activos a pesar de que las tasas se mantengan por encima del 6%.
Redfin (NASDAQ: RDFN)은 11월 말의 4개월 최고치에서 감소함에 따라 주택 구매 활동이 증가했다고 보고했습니다. 주 단위 평균 금리는 6.69%로 떨어져, 미국 주택 구매자의 월 평균 지불액을 $2,527로 낮췄습니다. Redfin의 주택 구매자 수요 지수는 전년 대비 8% 증가하여 4월 이후 가장 높은 수준에 접근하고 있으며, 주택 구매를 위한 주택담보대출 신청은 월간 기준으로 거의 20% 증가했습니다.
보류 중인 주택 판매는 전년 대비 4.1% 증가했으며, 신규 매물은 7.9% 증가해 6월 이후 가장 큰 증가폭을 기록했습니다. 중간 판매 가격은 $383,875로 전년 대비 6% 증가했습니다. 시장은 선거 후 안정화의 조짐을 보이고 있으며, 금리가 6% 이상의 수준에 남아 있음에도 불구하고 구매자와 판매자가 더욱 활발해지고 있습니다.
Redfin (NASDAQ: RDFN) rapporte une augmentation de l'activité d'achat de logements alors que les taux hypothécaires ont diminué par rapport à un pic de quatre mois fin novembre. Le taux moyen hebdomadaire est tombé à 6,69%, réduisant le paiement mensuel typique d'un acheteur de maison aux États-Unis à $2.527. L'indice de demande des acheteurs de Redfin a augmenté de 8% par rapport à l'année précédente, se rapprochant de son niveau le plus élevé depuis avril, tandis que les demandes de prêts hypothécaires pour l'achat ont augmenté de près de 20% d'un mois sur l'autre.
Les ventes de logements en attente ont augmenté de 4,1% par rapport à l'année précédente, et les nouvelles inscriptions ont augmenté de 7,9%, marquant la plus forte hausse depuis juin. Le prix médian de vente s'élève à $383.875, en hausse de 6% par rapport à l'année précédente. Le marché montre des signes de stabilisation après les élections, avec des acheteurs et des vendeurs devenant plus actifs malgré des taux supérieurs à 6%.
Redfin (NASDAQ: RDFN) berichtet von einer erhöhten Kaufaktivität auf dem Wohnungsmarkt, da die Hypothekenzinsen seit dem viermonatigen Höchststand Ende November gesunken sind. Der wöchentliche Durchschnittszins ist auf 6,69% gefallen, wodurch die typische monatliche Zahlung eines US-Hauskäufers auf $2.527 gesenkt wurde. Der Nachfrageindex für Käufer von Redfin ist um 8% im Jahresvergleich gestiegen und nähert sich dem höchsten Stand seit April, während die Hypothekenanträge um fast 20% im Monat gestiegen sind.
Die ausstehenden Hausverkäufe sind um 4,1% im Jahresvergleich gestiegen, und die neuen Angebotslisten haben um 7,9% zugenommen, was den größten Anstieg seit Juni darstellt. Der Medianverkaufspreis liegt bei $383.875, ein Anstieg von 6% im Jahresvergleich. Der Markt zeigt Anzeichen einer Stabilisierung nach den Wahlen, da sowohl Käufer als auch Verkäufer aktiver werden, obwohl die Zinsen über 6% bleiben.
- Homebuyer Demand Index up 8% year-over-year
- Pending home sales increased 4.1% year-over-year
- New listings rose 7.9% year-over-year
- Median sale price increased 6% to $383,875
- Active listings up 11.3% year-over-year
- Average mortgage rate remains elevated at 6.69%
- Google searches for 'home for sale' down 7% year-over-year
- Median days on market increased by 7 days
- Share of homes sold above list price decreased to 24.3% from 26%
Insights
Mortgage rates are declining after last week’s cooler-than-expected jobs report made it clear the Fed will cut interest rates again this month. The average weekly rate is
Redfin’s Homebuyer Demand Index—a seasonally adjusted measure of tours and other buying services from Redfin agents—is up
Declining mortgage rates are one reason homebuyers are hitting the pavement. But there are two more impactful reasons demand is improving: The financial uncertainty surrounding the presidential election has passed, and buyers have accepted the fact that mortgage rates are likely to remain above
“This week’s data shows the increase in signals like home tours and mortgage applications from the last month is continuing. The recent decline in mortgage rates isn’t pushing demand to new heights,” said Chen Zhao, Redfin’s economic research lead. “Rather, demand is settling into its new, post-election normal. In the months leading up to the election, house hunters were hibernating; demand was slower than we would have expected, even with high mortgage rates. Now, early-stage demand has jumped up to where we’d expect it to be.”
On the selling side, new listings are up
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 |
|
Down from |
Down from |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
|
Down from |
Down from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
|
Down |
Up |
Mortgage Bankers Association |
Redfin Homebuyer Demand Index (seasonally adjusted) |
|
Up (as of week ending Dec. 8) |
Up
|
Redfin Homebuyer Demand Index a measure of tours and other homebuying services from Redfin agents |
Google searches for “home for sale” |
|
Essentially unchanged from a month earlier (as of Dec. 9) |
Down
|
Google Trends |
Key housing-market data
Redfin’s national metrics include data from 400+ |
|||
|
Four weeks ending Dec. 8, 2024 |
Year-over-year change |
Notes |
Median sale price |
|
|
|
Median asking price |
|
|
|
Median monthly mortgage payment |
|
|
Lowest level since September |
Pending sales |
63,524 |
|
|
New listings |
63,168 |
|
|
Active listings |
980,776 |
|
Smallest increase since March |
Months of supply |
4.1 |
+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 |
43 |
+7 days |
|
Share of homes sold above list price |
|
Down from |
|
Average sale-to-list price ratio |
|
-0.1 pt. |
|
Metro-level highlights: Four weeks ending Dec. 8, 2024
Redfin’s metro-level data includes the 50 most populous |
|||
|
Metros with biggest year-over-
|
Metros with biggest year-over-
|
Notes |
Median sale price |
|
|
Declined in 1 metro |
Pending sales |
|
|
Declined in 8 metros
|
New listings |
|
|
Declined in 9 metros |
To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-homebuying-demand-mortgage-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/20241212430135/en/
Contact Redfin
Redfin Journalist Services:
Tana Kelley
press@redfin.com
Source: Redfin
FAQ
What is the current average mortgage rate according to Redfin's December 2024 report?
How much has RDFN's Homebuyer Demand Index increased year-over-year?
What is the median home sale price reported by RDFN for December 2024?
How much have new listings increased according to RDFN's latest report?
What is the typical U.S. homebuyer's monthly payment according to RDFN?
