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New Data Finds Home Prices Still Rising While Rents Continue to Fall

New Data Finds Home Prices Still Rising While Rents Continue to Fall

by Phil Hall | Jan 21, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports have determined home prices are continuing to rise while rental housing costs are still in decline. Redfin (NASDAQ: RDFN) reported home prices rose from one year earlier in December across all 50 of the most populous metropolitan areas – the first...
Redfin: Housing Affordability Improved Slightly in 2024

Redfin: Housing Affordability Improved Slightly in 2024

by Phil Hall | Jan 6, 2025 | Current News & Events, Market Snapshot, 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: Only 2.5% of Homes Changed Hands This Year

Report: Only 2.5% of Homes Changed Hands This Year

by Phil Hall | Sep 30, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 25 out of every 1,000 homes, or 2.5%, changed hands in the first eight months of 2024, the lowest turnover rate in the past 30 years, according to a new data report from Redfin (NASDAQ: RDFN). The new data analysis determined that existing home sales were similar...
Report: Homebuying Became More Affordable for the First Time Since 2020

Report: Homebuying Became More Affordable for the First Time Since 2020

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

A new data report from Redfin (NASDAQ: RDFN) has determined homebuyers need an annual income of $115,454 to afford a $433,101 median priced home – a 1.4% decline from one year earlier and the first annual decline since June 2020, when mortgage rates were at a record...
Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home

Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home

by Phil Hall | Aug 5, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one in every five (17.3%) house hunters are willing to sacrifice their physical safety to find a home they can afford within the next year, according to a new survey of 3,000 homeowners and renters from Redfin (NASDAQ:RDFN). Among age demographics, nearly one...
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