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Redfin: Housing Affordability Improved Slightly in 2024

Redfin: Housing Affordability Improved Slightly in 2024

by Phil Hall | Jan 6, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Redfin (NASDAQ: RDFN) has determined housing affordability did not worsen in 2024, which marked the first time in four years that homebuyers enjoyed a slight break from accelerating prices. Redfin stated a household making the $83,782 median...
Report: Home Affordability Worsened in Q4

Report: Home Affordability Worsened in Q4

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report from ATTOM has determined that median-priced single-family homes and condos remained less affordable in the fourth quarter compared to historical averages in 98% of counties (556 out of 566) with enough data to analyze. The counties with the largest...
Zillow Forecasts Homebuying Upswing for 2025

Zillow Forecasts Homebuying Upswing for 2025

by Phil Hall | Nov 25, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new forecast from Zillow (NASDAQ: Z, ZG) is pointing to increased homebuying activity during 2025, although market challenges could slow its progress. Zillow is predicting 4.3 million in existing home sales during the coming year, up slightly from 4.1 million in...
Mexico Sets Affordable Housing Goals of 1 Million New Homes and Zero-Interest Mortgages

Mexico Sets Affordable Housing Goals of 1 Million New Homes and Zero-Interest Mortgages

by Phil Hall | Nov 11, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Mexican government is addressing the country’s affordable housing challenge with a new initiative that seeks to build one million homes and offer zero-interest mortgages. Newsweek reported the administration of recently inaugurated President Claudia Sheinbaum’s...
California Housing Affordability Improved Slightly in Q3

California Housing Affordability Improved Slightly in Q3

by Phil Hall | Nov 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 16% of the California’s homebuyers could afford to purchase a median-priced, existing single-family home during the third quarter. But according to the California Association of Realtors’ (CAR) Traditional Housing Affordability Index, this is a mild...
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