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Median sale price increases 7.5% in the fastest market on record Redfin reports that U.S. home prices rose 7.5% to a median sale price of $273,000 in March as home sales made a strong showing, gaining 8.9% over last year. However, the number of homes for sale declined...

Rates dip to new 2017 lows Mortgage rates continued to steadily decline, maintaining a recent downward trend in rates, according to Freddie Mac’s latest Primary Mortgage Market Survey. In fact, Sean Becketti, chief economist with Freddie Mac, said, “Not only did the...

The greatest challenge for home sellers this year is finding another home to buy, according to a survey by national realtor Redfin. In a March survey of more than 800 Redfin real estate agents, 65.6 percent said that low inventory was the greatest challenge for...

So you want to buy house? It will be stressful, but having a plan and collecting the right documents from the start can ease the pain. Here's a step-by-step guide laying out what you'll need for a smooth first-time buying experience. Start saving for your down payment...

For the past few years, the housing market has been unbalanced. Strong demand and lean supply keep pushing prices higher and higher. On Wednesday, a fresh piece of data confirmed that trend. The Mortgage Bankers Association’s weekly purchase loan data showed that the...

Nationwide, families with small children typically spend seven years in their home. U.S. homeowners that bought a two-bedroom home in 2009 and wanted to upgrade to a three-bedroom home in 2016 could expect to spend an additional $447 per month on their mortgage....

Millennials are finally entering the market, at least according to Ellie Mae’s recent Millennial Tracker, which shows millennials accounting for 86 percent of all closed loans in February. Results of the Tracker also point to millennials’ overall time-to-close...

Mortgage rates fell for the third week in a row, but their downward trend may be short-lived. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.1 percent with an average 0.5 point. (Points are fees paid to a...

Fannie Mae study questions mortgage professionals and consumers A new study by Fannie Mae examines homebuyer education, and explains why many buyers aren’t being educated. Most consumers interviewed in the study had little or no awareness of pre-purchase homeownership...