The WPJ

Cleveland

Homebuyer Demand in America Drops to 5-Year Low in Early 2025

According to national brokerage Redfin, U.S. homebuyers currently have the most options available since 2020. However, rising housing costs are deterring many from making purchases, making monthly mortgage payments increasingly difficult.

U.S. Homes Are Selling at Slowest Pace in 5 Years in Early 2025

According to Redfin, U.S. homes are selling at the slowest pace since the pandemic's onset in early 2020, as high mortgage rates and elevated home prices persist.

U.S. Residential Foreclosures Dip 10 Percent Annually in 2024

According to ATTOM's Year-End 2024 U.S. Foreclosure Market Report, foreclosure filings--comprising default notices, scheduled auctions, and bank repossessions--were reported on 322,103 U.S. properties in 2024.

U.S. Residential Asking Rents End 2024 at Lowest Levels in 3 Years

According to Redfin, the median U.S. asking rent fell 0.3% year-over-year in December 2024, reaching $1,594--the lowest figure since March 2022. This represents a 0.1% decline from the previous month and a 6.2% drop from the record high of $1,700 in August 2022.

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