Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High
Redfin, a subsidiary of Rocket Companies, reported that the median U.S. housing payment rose year-over-year for the first time in eight months due to increasing home prices and mortgage rates. The median sale price hit a record high of $408,838, up 2.5% year-over-year, while the 30-year fixed mortgage rate stood at 6.49%.
Key figures
- New listings
- 358736
- Pending sales
- 324251
- Active listings
- 1476146
- Months of supply
- 3.5
- Median sale price
- 408838
- Share of price drops
- 20.2%
- Median days on market
- 39
- Median monthly payment
- 2633
- Mortgage rate 30yr fixed
- 6.49%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.