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There Are Only Four Major Metros Where it is Cheaper to Buy a Home Than Rent

There Are Only Four Major Metros Where it is Cheaper to Buy a Home Than Rent

by Phil Hall | May 22, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There are only four major U.S. metropolitan areas where it would be cheaper to buy a residence than rent the typical home, according to data from Redfin (NASDAQ:RDFN). In Detroit, the typical home is 24% less expensive to buy than rent – the median estimated monthly...
Median US Home Price Dips to $371K

Median US Home Price Dips to $371K

by Phil Hall | May 19, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. home price was $371,875 at the conclusion of the four-week period ending May 14, according to data from Redfin (NASDAQ:RDFN). That represents a 2.7% drop, the smallest decline in over a month. The median asking price of newly listed homes was $398,429,...

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