Room to Grow: Here’s Where Gen Zers Own the Largest Share of 3+ Bedroom Homes
Redfin’s analysis of 2024 Census data shows Salt Lake City has the highest share of three‑plus‑bedroom homes owned by Gen Z adults at 3.6%, followed by Virginia Beach, Oklahoma City, Louisville and Indianapolis. Nationwide, Gen Z owners hold just 2.2% of large‑home inventory, far behind millennials (23.7%), Gen X (31.2%) and baby boomers (35.3%). The higher ownership rates in midsized metros stem from affordable land, strong dual‑income households and family financial assistance. As baby boomers hold onto larger homes, these markets provide a rare opportunity for young buyers seeking space.
More Than 50,000 Home-Purchase Contracts Fell Through in March
In March, nearly 53,000 U.S. home‑purchase contracts fell through, representing 13.4% of pending sales – up from 12.5% a year earlier and the highest March rate since the pandemic‑driven 2020 spike. Cancellations clustered in buyer‑heavy metros such as San Antonio...
I Traded My 2.9% Mortgage Rate for a 7.35% Rate to Move to Santa Barbara. I Don’t Regret It, But...
A former Seattle homeowner swapped a 2.9% mortgage for a 7.35% loan to buy a fixer‑upper in Santa Barbara, doubling the monthly payment to $8,500. After a year, the family refinanced into a 20‑year, 6.2% mortgage, raising the payment slightly...
U.S. Home Prices Inched Up 0.1% in March
U.S. home prices edged up 0.1% month‑over‑month in March, marking the third consecutive month of modest gains. On a year‑over‑year basis, prices rose 1.7%, the slowest growth recorded since Redfin began tracking in 2012. Mortgage rates rose to about 6.4%...
Redfin Economists’ Weekly Take: All Eyes on Fed Succession as Mortgage-Rate Swings Ease
Mortgage-rate swings have calmed as the United States and Iran move toward a peace agreement, reducing market volatility. At the same time, the Federal Reserve’s leadership transition is back in focus, with nominee Kevin Warsh scheduled for a Senate confirmation...
Homebuyers Hold the Negotiating Power In 38 Major Metros, Up From 29 Last Year
Redfin’s March 2026 data shows a pronounced buyer’s market across the United States, with sellers outnumbering buyers by 43.1%—just shy of the 2013 record. Thirty‑eight of the 49 metros analyzed are buyer‑favored, up from 29 a year earlier, while only...
U.S. Homeowners Are Remodeling Instead of Relocating
A Redfin‑commissioned survey of 4,000 U.S. adults shows that roughly two‑thirds of recent home renovators chose to upgrade their current house rather than move. Overall, 43% of homeowners renovated in the past year and another 33% plan to do so...
Redfin Calls on NWMLS to Give Home Sellers More Choice
Redfin is pressing Northwest MLS (NWMLS) to add a pre‑marketing phase that lets Seattle sellers test pricing and demand before a full MLS listing. The request aligns with a new Washington state law effective June, which requires public marketing but...
A Billionaire Beach Party: Mark Zuckerberg’s $170 Million Florida Purchase Tops March’s Most Expensive Home Sales
Mark Zuckerberg and Priscilla Chan bought a waterfront estate on Indian Creek Island for $170 million, making it the most expensive U.S. home sale in March and the priciest ever in Miami‑Dade County. The purchase tops a list dominated by coastal...
Redfin Economists’ Weekly Take: Mortgage Rates Hold Steady, but Iran Ceasefire Talks Keep Risk of Sudden Swings on the Table
Mortgage rates have held steady over the past few weeks, but markets remain vulnerable to sudden moves as negotiations over an Iran ceasefire progress. Bond‑market volatility has receded to levels seen in late February, yet any breakthrough—or setback—in the Strait...
Fed, Mortgage Rates, Likely to Hold Steady on Latest Inflation Report
The March Consumer Price Index showed a 0.9% monthly rise in headline inflation, driven largely by a 21% jump in gasoline and a 31% surge in fuel oil. Core inflation, which excludes food and energy, increased only 0.2% month‑over‑month, staying...
A Record 34% of February Home Sellers Cut Their List Price
In February 2026, a record 34.2% of U.S. home sellers lowered their list price, the highest share since Redfin began tracking in 2012. Sellers who cut prices reduced them by an average of $40,915, or 7.3%, while the overall average...
Ryanair Co-Founder Restored An 18th Century Village In Ireland And Now It’s Up For Sale For $23 Million
The Village at Lyons, a 20‑acre 18th‑century Irish estate restored by Ryanair co‑founder Tony Ryan, is now on the market for $23,078,698. The property features 47 bedrooms, a caretaker house, carriage house, guest house, fitness and yoga spaces, lake and...
The Great Housing Mismatch: Empty Nesters Own 28% of the Nation’s Large Homes, Millennial Families Own 16%
Redfin’s 2024 analysis shows empty‑nest baby boomers own 28% of U.S. three‑bedroom‑plus homes, while millennial families with children hold just 16%. The gap persists across major metros, with millennials’ share highest in Austin and lowest in Los Angeles. High mortgage...
Cleveland Remains a Beacon of Affordability for Homebuyers
Cleveland’s housing market remains one of the nation’s most affordable, with a median home price of $230,000 in February—only Detroit is cheaper among the 50 largest metros. Prices are rising faster than the national average, up 4.6% year‑over‑year versus 0.9%...
14% of Home-Sale Agreements Fell Through Last Month–A Record for February
Redfin’s February 2026 analysis shows 42,000 U.S. home‑sale contracts—13.7% of pending deals—fell through, the highest February share on record since 2017. Cancellations spiked in buyer‑friendly metros such as Tampa (18.1%) and San Antonio (17.9%), while seller‑tight markets like San Francisco...
U.S. Home Prices Barely Budged in February
U.S. home prices in February barely moved, rising just 0.1% month‑over‑month—the slowest pace in seven months—while year‑over‑year growth stood at 1.9%. The Redfin Home Price Index shows price gains in only a handful of metros, with 16 of the nation’s...
There Are 630,000 More Home Sellers Than Buyers—The Biggest Gap on Record
Redfin data show that in February 2026 U.S. sellers outnumbered buyers by 629,808, a 46.3% gap—the widest since records began in 2013. The imbalance marks a buyer’s market, defined as over 10% more sellers, and has persisted since May 2024....
February’s $30M+ Home Sales Cluster in Florida and NYC—Including Two in the Same Barrier Island Enclave
Florida and New York led February’s ultra‑luxury home market, with ten properties selling above $30 million. A never‑listed oceanfront estate in Manalapan, Florida fetched $68.3 million, the month’s highest price, while four Central Park‑adjacent condos in New York each exceeded $50 million. Only...
3 in 5 Americans Fear AI Could Replace Jobs, Making It Harder to Afford Homes
A Redfin‑commissioned Ipsos survey of 4,000 U.S. adults finds that 59% believe advances in artificial intelligence will eliminate jobs and make home ownership less affordable, while only 30% think AI will boost the economy and housing access. The same respondents...
Redfin Economists’ Weekly Take: Rates Will Jump Around As Markets Weigh Iran War and Fed Outlook
Redfin economists expect mortgage rates to keep oscillating as the Iran‑Israel conflict pushes energy prices higher and markets brace for the Federal Reserve’s second‑to‑last FOMC meeting this week. Mortgage rates have climbed from roughly 6.0% to 6.36%, while the ten‑year...
The Oldest Americans Held More Real Estate Wealth Than Ever Before In 2025
Redfin’s analysis of Federal Reserve data shows that Americans aged 70 and older now hold 26% of the nation’s $48 trillion real‑estate wealth, overtaking the 40‑54 age cohort for the first time. The 55‑69 group remains the largest holder at 35.3%...
Methodology: Inventory Impact of Phased Marketing
Redfin’s new methodology quantifies how phased marketing—letting sellers test price and control exposure before a formal MLS listing—can lower effective selling costs by 1.2‑2.4% of home value. By improving pricing accuracy and privacy, the model predicts a 15‑30% reduction in...
Iran Conflict Stalls Big Purchases Like Homes and Cars For 1 in 4 Americans; Most Are Undeterred
A Redfin‑commissioned survey finds 25% of Americans are delaying or canceling major purchases such as homes or cars because of the military conflict with Iran, while 56% say the war has no impact on their buying plans. The conflict’s effect...
Redfin Economists’ Weekly Take: Mortgage Rates Poised For Volatility As Iran Conflict Escalates and Inflation Data Looms
Redfin economists warn that mortgage rates could remain volatile as the Iran‑Israel conflict drives oil prices toward levels last seen during the Ukraine war and fresh inflation data arrives. February core CPI is projected to rise 0.2% month‑over‑month, while the...
The Typical U.S. Homeowner Hangs Onto Their House For 12 Years. In Los Angeles, It’s 20 Years.
Redfin’s 2025 analysis shows the median U.S. homeowner now stays in a home for 12 years, the longest tenure since 2022. Tenure peaked at 13.4 years in 2020, fell during the pandemic‑driven buying surge, and rebounded slightly in 2025. California...
West Palm Beach’s Luxury Housing Market Is Booming, With Sales Up 30%
West Palm Beach’s luxury housing market surged in January, with pending luxury sales climbing 30% year‑over‑year – the strongest gain among the nation’s 50 largest metros. Median luxury home prices jumped 10.7% to $4.2 million, more than double the national price...
Redfin and Compass Partner to Expand Inventory and Seller Choice
Redfin announced a partnership with Compass International Holdings to display Compass listings on Redfin.com without days‑on‑market, price‑history, or valuation data. The arrangement lets sellers choose phased marketing, keeping listings MLS‑compliant while delaying full public exposure. Redfin emphasizes that 94% of...
Denver Has a New Neighbor: Kiel Murphy Wins the Great American Home Search
Redfin announced that Kiel Murphy from El Mirage, Arizona, won the Great American Home Search, a nationwide scavenger hunt linked to its Super Bowl commercial, by locating a $1 million Denver home in just 19 seconds. More than a quarter‑million participants used...
The Typical First-Time Homebuyer Is 35 Years Old
Redfin reports the median age of first‑time homebuyers fell to 35 in 2025, down from 36 the year before and from a 2018 peak of 38. Repeat buyers now have a median age of 47, a drop from the 52‑year...
Half of Americans Struggle to Pay Rent or Mortgage, With Gen Z Hit Hardest
A Redfin‑Ipsos survey of 4,000 U.S. adults finds that 49% of Americans now struggle to afford their rent or mortgage, up from 44% last spring. The burden falls hardest on Gen Z, with 67% reporting payment stress versus roughly 53% of...
It’s a Buyer’s Market: America Has 44% More Home Sellers Than Buyers—A Near-Record Gap
In January 2026 the U.S. housing market recorded a near‑record imbalance, with 44% more home sellers than buyers – roughly 600,000 excess listings. This buyer’s market, defined by a gap exceeding 10%, has persisted since May 2024 and follows a...