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Survey: Most People Earning Under $50,000 Struggle to Afford Housing

Survey: Most People Earning Under $50,000 Struggle to Afford Housing

by Phil Hall | Nov 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly three-quarters (74%) of US residents who earn less than $50,000 per year report struggling to cover their mortgage or rent payments, according to a new survey from Redfin (NASDAQ: RDFN). From the 1,802 people polled for the survey, nearly one-quarter (24%) said...
Survey: Nearly Half of Americans Struggling to Maintain Financial Stability

Survey: Nearly Half of Americans Struggling to Maintain Financial Stability

by Phil Hall | Jun 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Roughly half of Americans are struggling to remain where they are financially, according to a new nationwide survey published by Monmouth University’s Polling Institute. The poll found 46% of respondents complaining they were having difficulty maintaining financial...
Median Monthly Housing Costs at New Record High

Median Monthly Housing Costs at New Record High

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

The median U.S. monthly housing payment set a record high at $2,894 during the four weeks ending May 5, up 14% from one year earlier, according to new data from Redfin (NASDAQ:RDFN). During this period, Redfin reported the median sale price reached $384,721, up 4.5%...
Rising Housing Prices Force Adult Kids to Move Back with Parents

Rising Housing Prices Force Adult Kids to Move Back with Parents

by Phil Hall | May 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half of homeowners whose adult children moved out have seen them move back in, according to the 2024 Boomerang Kids Survey published by Thrivent. In an April survey of 2,201 adults, 46% of parents said their adult children returned home to live with them at...
Survey: Half of Homeowners and Rents Struggle with Housing Payments

Survey: Half of Homeowners and Rents Struggle with Housing Payments

by Phil Hall | Apr 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Half of U.S. homeowners and renters (49.9%) continue to struggle to afford their housing payments, according to a new survey by Redfin (NASDAQ: RDFN). The nationwide survey polled approximately 3,000 homeowners and renters in February, with most of the data being...
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