29% of U.S. Homebuyers Paid Cash in March–The Lowest Share For That Month Since 2020
Redfin’s March 2026 data show that 28.8% of U.S. homebuyers paid all cash, a 1‑point dip from a year earlier and the lowest March share since 2020. The decline follows a modest easing of mortgage rates to 6.18% and a shift toward a buyer‑friendly market with more listings than buyers. Economic uncertainty—fuelled by geopolitical tensions and inflation worries—has also prompted cash‑rich purchasers to preserve liquidity. Regional gaps are stark, with Cleveland and West Palm Beach topping the list at 51.1% cash sales, while Seattle trails at 17.6%.
The Income Needed to Afford a Home Declined For Seventh Straight Month in April
April 2026 saw the seventh straight month of improved home‑buying affordability, as the income needed to purchase the median U.S. home fell to $116,780, down 2 % from a year earlier. The decline was driven by a lower 30‑year fixed mortgage...
U.S. Home Prices Rose 0.2% in April
U.S. home prices rose 0.2% month‑over‑month and 2.1% year‑over‑year in April, according to Redfin’s Home Price Index, which tracks repeat‑sale prices and reports a month ahead of the S&P/Case‑Shiller index. Montgomery County, Pennsylvania posted the strongest monthly gain at 2.5%,...
$60 Million Montecito Mansion Tops List of April’s Priciest Home Sales
An unfinished Montecito mansion sold for $59.9 million, making it April’s most expensive U.S. home sale. Coastal Florida accounted for half of the month’s top‑ten luxury transactions, with a Palm Beach oceanfront estate fetching $55.2 million and a Coral Gables compound $47 million....
Fed in Wait-and-See Mode on Hot Inflation Report; Mortgage Rates to Track Oil Prices, Mideast Talks
April’s consumer price index showed a modest 0.6% month‑over‑month rise, taking the year‑over‑year headline rate to 3.8% as energy prices surged amid the Strait of Hormuz closure. Core CPI climbed 0.4% month‑over‑month to 2.8% year‑over‑year, with shelter costs accelerating sharply...
Introducing the New & Improved Redfin Data Center
Redfin has overhauled its Data Center, making monthly housing market data available about a week earlier and setting seasonally adjusted figures as the default. The upgrade adds new downloadable metrics such as price drops, home‑purchase cancellations, and luxury versus starter‑home...
Redfin Survey: U.S. Residents Prioritize Sunlight Over Home Size—And It Affects How Happy They Are at Home
Redfin’s March 2026 survey of 1,005 U.S. residents found that 44% would choose a smaller home with more sunlight over a larger, dimmer one, while only 24% prefer the opposite. The preference is strongest among Baby Boomers (54%) and Northeasterners...
Mortgage Rates Likely to Hold Steady After April Jobs Report Shows Stronger Hiring, Softer Wages
The April jobs report showed employers added 115,000 positions, far exceeding the 62,000 forecast, while the unemployment rate held at 4.3% with a slight unrounded uptick. Wage growth slowed to a 0.2% monthly increase and 3.6% year‑over‑year, below expectations. The...
Just Listed in Texas: A $12 Million Lakefront Estate That’s Luxurious Inside and Out
Redfin and Compass agents have listed a Mediterranean‑inspired estate in Austin’s Rivercrest neighborhood for $12 million. The 18,000‑square‑foot home sits on nearly half an acre with 100 feet of private Lake Austin frontage, a new boat dock, and space for up to...
Viral HomeGoods Finds Are Everywhere—Here’s How to Use Them to Boost Your Home’s Value
Viral HomeGoods décor items are trending on social media, and Redfin agents say they can boost a home’s appeal when selling if used sparingly. Agents recommend limiting bold, quirky pieces to no more than 10% of a home’s overall design...
Coming Soon in Michigan: A $260,000 Turnkey Home in a Lansing Suburb
Redfin has listed a $260,000 two‑story home in Mason, a Lansing suburb, as part of its “Coming Soon” series. The 1,454‑sq‑ft, three‑bedroom, 2.5‑bath property sits on a 0.19‑acre lot and includes a two‑car garage, fenced backyard, and recent updates such...
Redfin Economists’ Weekly Take: Volatile Rates Ahead as Fed Turns Hawkish and Energy Shock Builds
Redfin economists warn that interest rates will stay volatile as the Federal Reserve adopts a more cautious, hawkish tone amid rising inflation and an escalating Iran‑related energy shock. Core PCE inflation remains at 3.2% YoY, the highest since late‑2023, while...
Nearly Half of Americans Oppose AI Data Centers in Their Neighborhoods, While 38% Support Them
A Redfin‑commissioned Ipsos survey of 4,000 U.S. adults finds 47% oppose building an artificial‑intelligence data center in their neighborhood, while 38% support it. Support is strongest among Gen Z (48%) and millennials (50%) and among Republicans (49%) versus Democrats (36%)....
The Reveal in NYC: This ‘One-of-a-Kind’ Apartment Just Off City Hall Park Is Now Listed for $2.199 Million
A 1,700‑sq‑ft loft‑style unit in Park Place Tower, a former American Tract Society headquarters near City Hall Park, is listed for $2.199 million. The two‑bedroom, two‑and‑a‑half‑bath apartment features 16‑foot ceilings, 11‑foot arched windows, a private terrace, and high‑end finishes. The building,...
Coming Soon in New Jersey: This 3-Bedroom, 2-Bath Fixer-Upper Less Than an Hour From NYC Is Set to Hit the...
A 1,121‑sq‑ft Cape Cod‑style home in Woodbridge, New Jersey, will list this week at $499,000. The three‑bedroom, two‑bathroom property spans three levels and includes an unfinished basement with two separate exits, offering renovation potential. A fully fenced yard and proximity...