A buyer with a monthly budget of $3,000 can now purchase a home worth approximately $453,000 — up from $416,000 in October when mortgage rates reached a record of 7.8 percent, according to Redfin.
Source: Inman News
Homebuyer purchasing power rises by $40K since October rate surge
Published in bidding wars, buying power, home price, homebuyer, Markets & Economy, mortgage rates, Redfin and Select
More from bidding warsMore posts in bidding wars »
- Price cuts and concessions: Here’s how to prepare homeowners for the reality of selling a home today
- In a more buyer-friendly market, sellers are emerging too
- The Agency’s Billy Rose goes Dutch with luxury auction strategy
- Florida housing market hits record inventory, Redfin says
- Homebuyers remain sidelined despite more listing options
More from buying powerMore posts in buying power »
More from home priceMore posts in home price »
- ‘Not a shift, a transition,’ 2 reports say of homebuying market
- New sales numbers are out. These 9 charts show what’s happening where you live
- Mortgage rates hit 10-month low, spurring lower monthly payments
- Buyers are still fighting hard, despite costly home payments
- RE/MAX exec on shifting market: ‘Have a savings account’
More from homebuyerMore posts in homebuyer »
- Zillow hit with new class-action suit over alleged broker kickbacks
- 10 compelling reasons that your buyers should purchase now
- 15% of homebuyers ‘ghosted’ homesellers in September
- HomeSmart and Lower partnering on marketing, tech and mortgages
- Compass to acquire Anywhere in $1.6B deal, capping rise to top
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from mortgage ratesMore posts in mortgage rates »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
- Delistings and discounts jump as holiday season approaches
More from RedfinMore posts in Redfin »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Bayview merger positions Guild Mortgage for refinancing boom
- Zillow reverses course and removes climate data from listings
- Delistings and discounts jump as holiday season approaches
- The IDX lie agents still believe: 5 common misconceptions about real estate websites
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
Be First to Comment