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Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home

Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home

by Phil Hall | Oct 18, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A homebuyer needs to earn $114,627 in order to afford the purchase of a median-priced home, according to data from Redfin (NASDAQ:RDFN). This up 15% ($15,285) from one year ago and up by more than 50% since the start of the pandemic in March 2020. The current income...
RE/MAX: September’s Median Sales Price Was $415,000

RE/MAX: September’s Median Sales Price Was $415,000

by Phil Hall | Oct 18, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median sales price for the U.S. housing market in September was $415,000, a seasonal decline of 2.4% from August’s $425,000 but 2.5% above the $405,000 in September 2022, according to new data from RE/MAX (NASDAQ:RMAX). Among the 50 markets tracked for RE/MAX’s...
2024 Homebuying Trends: Pickleball Courts Are In, Tuscan Kitchens Are Out

2024 Homebuying Trends: Pickleball Courts Are In, Tuscan Kitchens Are Out

by Phil Hall | Oct 17, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuyers of 2024 are more interested in acquiring residential properties with sensory gardens and pickleball courts but not Tuscan kitchens, according to a new forecast from Zillow Group (NASDAQ:Z, ZG). In a data analysis of nearly 300 home features and design...
Homebuyers Increasingly Tap Into the Bank of Mom and Dad

Homebuyers Increasingly Tap Into the Bank of Mom and Dad

by Phil Hall | Oct 10, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Today’s homebuyers are receiving more than a little help from their families in their pursuit of the American Dream of homeownership. A new survey of 2,000 adults by LendingTree (NASDASQ:TREE) found nearly two in five homeowners (39%) have received down payment...
Which is More Stressful: Homebuying or Dating?

Which is More Stressful: Homebuying or Dating?

by Phil Hall | Oct 4, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In terms of apples and oranges comparisons, the contrast between homebuying and dating rarely comes up. However, the folks at Redfin (NASDAQ:RDFN) broached the topic with a survey of 1,000 Americans who bought a home in the last year. The result of that survey: nearly...
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