New data reveals housing inventory jumps 16.7% while sales decline. See how mortgage rates, economic uncertainty, and rising supply are reshaping the market dynamics.

Renters see relief as median income rises 5.3% while required earnings for typical rent falls. Austin emerges as most affordable metro, while Providence faces steepest affordability decline.

Investor market share drops to 17.1% amid high prices and mortgage rates, with Orlando and Miami seeing steepest declines while Seattle leads growth markets.

Fresh data reveals record $2,882 monthly payments sidelining buyers as housing inventory surges 14.3%. See how this market shift impacts home prices and sales.

A new Redfin (RDFN) report reveals April's most expensive home sales, dominated by Florida beachfront properties. The top sale was a $133.2 million Naples estate, with six of the ten priciest sales located in coastal Florida. Other notable sales included two Beverly Hills estates and two Manhattan condos on Billionaires' Row. All properties sold for $40 million or more, with half exceeding $50 million. Currently, the most expensive active listings range from $137.5-285 million, primarily in Southern California and coastal Florida. Despite climate-related risks, waterfront Florida remains a prime location for ultra-luxury sales, as wealthy buyers can afford potential renovation or rebuilding costs. Ultra-luxury homes typically sell below asking price and remain on market longer than the 47-day U.S. average.

Home prices grow at slowest pace since September, while inventory hits 5-year high. Buyers now securing 2% below asking price with more options and negotiating power.

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The U.S. housing market is experiencing headwinds as the median monthly housing payment reached an all-time high of $2,868 during the four weeks ending May 4, 2025. This record cost is driven by a 1.8% year-over-year increase in home sale prices and elevated mortgage rates averaging 6.76%.The market shows mixed signals with new listings up 5.5% year-over-year and total inventory rising 13.6%, while pending sales declined 3.9%. Mortgage-purchase applications are down 6% month-over-month, though home tours are increasing faster than last year. The market is particularly challenging for sellers, with agents advising fair initial pricing to attract buyers and avoid subsequent price reductions.

Redfin posted 12% revenue growth to $244.3M in Q4, but net losses expanded to $36.4M as the company increases advertising by 38% while targeting EBITDA profitability.

Discover why investors are shifting away from condos while overall home purchases rise 2%. Key markets like Florida face unique challenges. See latest market data.