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Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

by Phil Hall | Jul 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyers in the seven swing states that might determine the winner in this year’s presidential election have seen their median monthly housing payments nearly double since Joe Biden won the 2020 election, according to new data report from Redfin (NASDAQ:RDFN)....
Survey: 91% of Gen Zers Cite Housing Affordability as Top Election Year Issue

Survey: 91% of Gen Zers Cite Housing Affordability as Top Election Year Issue

by Phil Hall | Jun 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ:RDFN) found more than nine in 10 (91%) adult Gen Zers declaring that housing affordability is their top issue in this year’s presidential election. Gen Zers rated housing affordability as a more important factor in their vote than any...
Lower-Income Borrowers Account for One in Five New Mortgages

Lower-Income Borrowers Account for One in Five New Mortgages

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

Lower-income Americans accounted for roughly one in five (20.6%) new mortgages issued in 2023, a level not seen since 2018, according to new data from Redfin (NASDAQ:RDFN). The newly reported level represents a step down from the progress that lower-income Americans...
Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today

Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today

by Phil Hall | Apr 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly two out of five homeowners (38%) said they could not afford to buy their own home if they were purchasing it today, according to a new report from Redfin (NASDAQ: RDFN). In a February survey of nearly 3,000 U.S. residents, 59% of homeowners who answered...
New Report Finds Typical Households Still Cannot Afford Median-Priced Homes

New Report Finds Typical Households Still Cannot Afford Median-Priced Homes

by Phil Hall | Mar 26, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. household is still unable to afford a median-priced home, although some progress has been made. According to new data from Redfin (NASDAQ:RDFN) that analyzed the February housing market, buyers needed to earn an annual income of $113,520 to afford the...
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