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Study: More Than Three-Quarters of Baby Boomers Plan to Stay in Their Current Home

Study: More Than Three-Quarters of Baby Boomers Plan to Stay in Their Current Home

by Phil Hall | Apr 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

According to a new data report that will not be welcome by those seeking to buy existing homes, more than three-quarters (78%) of older homeowners plan to stay in their current home as they age. A new survey of 3,000 homeowners and renters by Redfin (NASDAQ: RDFN),...
A Phil Hall Op-Ed: Will the Housing Affordability Shortage Cost Biden the Election?

A Phil Hall Op-Ed: Will the Housing Affordability Shortage Cost Biden the Election?

by Phil Hall | Mar 11, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Housing affordability – or, perhaps more accurately, the lack thereof – has quietly become a major issue in this year’s presidential election. I am using the word “quietly” because for too long the subject has not been talked about by the White...
New Study Finds Poor Air Quality Powers Outbound Migration

New Study Finds Poor Air Quality Powers Outbound Migration

by Phil Hall | Feb 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

If there is a theme song for some of today’s outbound migration trends, it could be The Hollies’ “All I Need is the Air That I Breathe” – a new data report by Redfin (NASDAQ:RDFN) found that 1.2 million more people moved out of than into metros facing high risk from...
Redfin: Asking Rents Flattened in January

Redfin: Asking Rents Flattened in January

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. asking rent rose 1.1% year-over-year to $1,964 in January, according to new data from Redfin (NASDAQ:RDFN). This marked the largest annual increase since March 2023. On a month-over-month basis, the asking rent level remained unchanged. However, Redfin...
Asking Rents Record Steepest Decline in Over 3 Years

Asking Rents Record Steepest Decline in Over 3 Years

by Phil Hall | Dec 13, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent in November declined 2.1% from one year ago to $1,967, according to new data from Redfin (NASDAQ:RDFN). This represents the biggest annual drop since February 2020; the decline from October was 0.6%. “Renters are finally catching a break,” said...
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