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The Cheapest Metro Area for Buying a Home Is…

The Cheapest Metro Area for Buying a Home Is…

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Rust Belt and the South dominate the list of the 10 least expensive metros for buying a home, according to a new data report from Redfin (NASDAQ: RDFN). In a survey of the nation’s 91 most populous metro areas during March, Detroit topped the list with the lowest...
Report: Typical Home Sold in 2024 Was 36 Years Old

Report: Typical Home Sold in 2024 Was 36 Years Old

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical home sold during 2024 was 36 years old, according to a new report from Redfin (NASDAQ: RDFN). This marked a new record for the average age of sold homes, and it was also nine years older than the median age of homes purchased in 2012. Condominiums being...
California Housing Affordability Level Improves Slightly

California Housing Affordability Level Improves Slightly

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 17% of California homebuyers could afford to purchase a median-priced, existing single-family home during the first quarter of this year, according to data from the California Association of Realtors (CAR). This is up from 15% in the previous quarter and...
Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years

Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years

by Phil Hall | May 7, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly one-third (30%) of Americans who do not own a home doubt that they will buy one within the next five years, according to a new Gallup poll, 23% do not believe they will achieve homeownership in the next 10 years and 45% said it would not happen for the...
Can Home Staging Speed Up Sales and Boost the Transaction Price?

Can Home Staging Speed Up Sales and Boost the Transaction Price?

by Phil Hall | May 6, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Staging a home can speed the sales process and often increase the final transaction price, according to the National Association of Realtors (NAR) 2025 Profile of Home Staging. The new report found nearly three out of 10 (29%) real estate agents reported that staging...
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