This curtain will be published, transmitted, rewritten or redistributed. © 2025 Fox News Network, LLC. All rights reserved. Frequently asked questions – New Privacy Policy
The panelists of “The Claman Countdown” Dolly Lenz and Jenny Lenz analyze that Americans need to live.
The U.S. housing market has been hit hard by extreme weather – from the wildfires in Southern California to the freezing cold and snow in the Northeast, Midwest and South – at the start of the new year, in addition to the rising cost of homes.
These points decreased the visits to the house and a drop in Pfinishing sales in the 4 weeks ending on January 12, according to the Genuina Redfin Assets runner.
However, Redfin said it was still “too early in the new year for how the 2025 housing market will form. “
They were the maximum houses sold in 2024, according to Redfin
Redfin’s Homebuyer Demand Index, which is a seasonally adjusted measure of tours and requests for other buying services from Redfin agents, has fallen 11% month over month, notching its lowest level since August.
Panel shown for sale A space for sale on August 16, 2024 in Los Angeles, California. (Photo via Patrick T. Fallon/AFP) (Photo via Patrick T. Fallon/AFP via Getty Images) / Getty Images)
Sales of pending houses fell 8. 4% of one year to the next, which has marked the greatest fall since October 2023. New ads have experienced their highest annual fall since September 2023, 3. 6% less annual.
Active UPD construction lists through 9. 8% of one year to the next, which also the lowest construction in almost a year, according to Redfin data.
TOP US VACATION HOME MARKETS
Meanwhile, the median housing payment nationwide is also at its highest level in over two months. Home prices have jumped 5.8% year over year and daily average mortgage rates also hit their highest level since May last week.
In California, in particular, acquiring calls and lists in the Los Angeles Metro have been cushioned due to forest fires previously this month.
The houses burn while the strong winds light the Eaton fireplace on January 7, 2025 in Pasadena, California. (David McNew / Getty images / Getty Images)
In turn, Redfin said he made the request for acquisition and rental of those who were moved. In particular, sales that waited for Los Angeles fell 4% of one year to the next and the new ads fell 2. 5% during the 4 weeks era that ended on January 12. Redfin is not that this fall would have been so wonderful if the forest shoots had not begun.
Redfin plans to see greater decreases in the coming weeks.
Get Fox Matters on the Move by clicking here
“Many Redfin agents pivotate to help other people locate rents as soon as possible,” said Susan Brown, a Redfin agent based in Los Angeles. “Because rentals go so fast, my recommendation for other people for accommodation is to touch a genuine real estate agent directly to get help. “
A sign “for sale” in Crockett, Calif. , June 14, 2022. (Photographer: David Paul Morris/Bloomberg Getty Images/Getty Images)
The frigid temperatures and snow in other parts of the country are also keeping buyers at bay. It is also delaying homeowners from putting up their homes for sale, according to the agency.
This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. FAQ – New Privacy Policy