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Redfin: Monthly Housing Payments Set New Record

Redfin: Monthly Housing Payments Set New Record

by Phil Hall | Apr 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median monthly housing payment reached a record high of $2,747 during the four weeks ending April 7, according to new data from Redfin (NASDAQ:RDFN). This marked an 11% year-over-year upswing. Redfin attributed this situation to elevated home prices and mortgage...
Survey: Half of Homeowners and Rents Struggle with Housing Payments

Survey: Half of Homeowners and Rents Struggle with Housing Payments

by Phil Hall | Apr 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Half of U.S. homeowners and renters (49.9%) continue to struggle to afford their housing payments, according to a new survey by Redfin (NASDAQ: RDFN). The nationwide survey polled approximately 3,000 homeowners and renters in February, with most of the data being...
Monthly Mortgage Payment Average Continues to Decline

Monthly Mortgage Payment Average Continues to Decline

by Phil Hall | Nov 30, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing payments have declined for the fifth week in a row, according to new data from Redfin (NASDAQ:RDFN) that found the average homebuyer’s monthly mortgage payment was $2,575 during the four weeks ending Nov. 26, down $164 from a peak of $2,739 last month but up...
60,000 Home Purchase Agreements in August Were Canceled

60,000 Home Purchase Agreements in August Were Canceled

by Phil Hall | Sep 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is a surplus of second thoughts and cold feet in the housing market: Nearly 60,000 home purchase agreements were canceled in August, which is equal to 15.7% of homes that went under contract that month. According to new data from Redfin (NASDAQ:RDFN), August’s...
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