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Report: America’s Wealthiest 1% Could Buy Up 99% of the Nation’s Homes

Report: America’s Wealthiest 1% Could Buy Up 99% of the Nation’s Homes

by Phil Hall | Mar 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Redfin (NASDAQ: RDFN) has reached the conclusion that the wealthiest 1% of Americans have the financial capacity to buy 99% of the nation’s homes. How does that work? According to Redfin, the combined value of nearly 100 million American homes...
Report: 2024 Housing Market Gained $2.5 Trillion in Value

Report: 2024 Housing Market Gained $2.5 Trillion in Value

by Phil Hall | Feb 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The US housing market gained $2.5 trillion in value in 2024 to reach $49.7 trillion, according to a new data report from Redfin (NASDAQ: RDFN). But while the total value of the housing market grew 5.2% year-over-year, this represented the slowest growth in a calendar...
New Survey Finds 4 Out of 5 Respondents Support Rent Caps

New Survey Finds 4 Out of 5 Respondents Support Rent Caps

by Phil Hall | Oct 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Biden-Harris proposal for rent caps seems to be resonating, as a new survey from Redfin (NASDAQ:RDFN) found nearly four of every five respondents agreeing there should be caps on the amount landlords are allowed to increase rent. The survey was conducted by Ipsos...
Report: Total US Home Value at $49.6 Trillion Record High

Report: Total US Home Value at $49.6 Trillion Record High

by Phil Hall | Aug 8, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total value of US homes gained $3.1 trillion during the past 12 months, a 6.6% year-over-year spike that resulted in a new record high of $49.6 trillion, according to a data report from Redfin (NASDAQ:RDFN). On a decade-over-decade measurement, the total value of...
Redfin: Median Home Sale Price at New Record High

Redfin: Median Home Sale Price at New Record High

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

The median U.S. home sale price hit a record $383,725 during the four weeks ending April 21, according to new data from Redfin (NASDAQ: RDFN). This represents a 5.2% increase from one year earlier and was also one of the biggest jumps since October 2022. Redfin noted...
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