#housing-market

#housing-market

That period sparked a rush of sales that essentially cleared out the inventory, and honestly, it has never really slowed down since then. Even in today's market, we're still dealing with extremely low inventory and multiple-bid situations on a regular basis. There just aren't enough homes to meet demand, and that pressure continues to push prices higher. It's an incredible time to be a seller.

As the country reemerged from the coronavirus pandemic lockdown in 2021- when the COVID vaccine finally arrived, TikTok reached 1 billion downloads and Adele finally released new music - the housing market also saw its own interesting development. That year, banks offered some of the lowest interest rates seen in over a decade for a type of housing loan known as an adjustable-rate mortgage.

Aside from the ongoing geopolitical turmoil we've seen, as well as concerns around inflation driven by quickly-changing tariff and trade policies, the direction of monetary policy coming out of the Federal Reserve could be the hot topic many will be watching very closely. Given president Trump's views on interest rates (namely, that they're way too high right now), a pressure campaign is still being waged on the Fed to drop rates, and do so quickly.

In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices. In Cleveland, OH, recent sales show just how much buyers are willing to pay for location, scale and exclusivity. Below are the most expensive home sales in Cleveland, OH, highlighting properties that commanded the highest prices:

In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices.

In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices.

In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices.

In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices.

In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices.

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

But there is another more unconventional activity that can be hugely popular: searching for a new home. Known as the Boxing Day bounce', property websites often record bumper rises in online clicks. At Zoopla for example, Christmas Day is the lowest volume of visitors looking at homes for sale and this increases by nearly 70 per cent the following day. The growth in traffic then continues, reaching a peak three to four weeks later.

The authors behind the report, Projections of Homeownership Rates and Household Growth by Tenure for 2025-2035, updated the research to reflect the possibility of relatively low population gains from international immigration over the next decade. The addendum comes as the immigrant population in the U.S. is decreasing. After peaking at 53.3 million in January, the immigrant population fell by 1.3 million by June, according to Pew Research data. Further deportations and restrictions on legal immigration have continued since, likely reducing the immigrant population further.

So Austin decided to try something a bit unconventional. He offered seller financing - an agreement in which the seller acts as the lender, typically providing the buyer with a short-term home loan. In Austin's case, he held firm on the home's sale price, but offered a below-market interest rate to entice buyers. As soon as he offered the creative financing option, interest picked up.

Redfin's analysis reflects national buyer's agent commission rates based on closed home sales from Redfin agents and partner agents. The slight increase comes roughly a year after new National Association of Realtors (NAR) commission rules took effect, stemming from NAR's commission lawsuit settlement. Buyer's agent commissions dipped to 2.36% in the third quarter of 2024 the lowest point recorded under the new system but have edged higher since then.

State of play: Many homeowners bought before prices surged in the early 2020s. As of October, the median home value had jumped roughly 67% since the property was last sold. Just 4% lost value in that time, around 8.5 years for the typical homeowner. Losses between sales are up slightly from a year ago (2%) but lower than pre-pandemic levels (11%).

Homebuyers may experience a reprieve in 2026 as price normalization and an increase in home sales over the next year will take some pressure off the market-but don't expect homebuying to be affordable in the short run for Gen Z and young families. The "Great Housing Reset" will start next year, with income growth outpacing home-price growth for a prolonged period for the first time since the Great Recession era, according to a Redfin report released this week.

Yes, the inventory of condos for sale in the Greater Boston area has increased significantly in 2024 and 2025 compared to the historically low levels of the post-pandemic years. This shift is moving the market toward a more balanced environment, offering buyers more choices and negotiating power. Significant Year-Over-Year Growth: Recent data from 2025 shows substantial year-over-year increases in condo inventory.

Hale said the scale of the hit for families losing ACA subsidies is likely to be severe if the subsidies are discontinued. It's going to mean that healthcare takes a bigger chunk out of their monthly budget, and that budget shift has got to come from somewhere, she said. So, for people who are currently renting and maybe saving up to buy a home, that (saving) progress might feel like the most discretionary part of their budget and probably would be a target.

In legal filings, the retailer blamed several factors for its financial downfall, including rising costs, elevated interest rates, and President Donald Trump's tariffs. It also cited "one of the most severe housing market declines in recent history." As Business Insider reported earlier this month, the housing turnover rate - or the pace at which homes change hands - has dropped to its lowest levels in decades amid rising rates, according to an analysis by Redfin.

In regard to credit performance for these pools, delinquencies of 30 days or more ended the third quarter at 5.65%, little changed from the second quarter but 33 basis points higher than a year earlier. Prepayment activity also ticked up, with conditional prepayment rates reaching 14.1% as conventional mortgage rates eased into the low- to mid-6% range and non-QM weighted-average coupons declined to the mid-7% range.

As of October, foreclosure activity had risen by 19% when compared with the same month last year.1 It was 3% higher than September's levels.1 That said, foreclosure activity is "below historic highs," according to a report by real estate data firm ATTOM. Why This Matters to Homebuyers Rising foreclosure rates can impact the housing market in several ways, which can potentially increase the number of houses for sale and affect selling prices.

With homes lingering on the market for a median of 63 days in October 2025 almost two weeks longer than the same month in 2023 buyers are entering transactions with more caution, clarity and financial preparation. As a result, 37% of 2025 buyers reported having no regrets at all, up from 31% two years earlier. As the market has shifted from a fast-paced sellers' market to one that gives buyers more breathing room, we're seeing buyer regret trend down, said Laura Eddy, Realtor.com's vice president of research and insights. Today's buyers are generally more qualified, taking extra time to weigh their options and make confident decisions factors that are helping reduce second-guessing after purchase. And for many, that means having even more to feel thankful for this season.

Our starter home had four bedrooms and three bathrooms, and was an almost 3,000-square-foot home. I had my own garden, an office, and all three of my children had their own rooms, as well as an upstairs playroom. We were also in a really great school district. The home really was a dream come true. Unfortunately, by 2020, our marriage was coming to an end.

The planning seems to take forever, everything's more expensive than you thought it would be, and stress can quickly reach "Should we even be doing this?" levels. All of that leads up to a single day - closing day for buyers or the wedding itself - that goes by in the wink of an eye. And that one day isn't an end, it's a beginning.