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Report: Typical Down Payment Level Down for First Time in Nearly 2 Years

Report: Typical Down Payment Level Down for First Time in Nearly 2 Years

by Phil Hall | Jun 16, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical homebuyer’s down payment in April was $62,468, according to a new data report from Redfin (NASDAQ: RDFN). This is a roughly 1% year-over-year drop and the first annual decline since the summer of 2023. In percentage terms, the typical homebuyer puts down...
Report: 28% of Homes Now Selling Above Asking Price

Report: 28% of Homes Now Selling Above Asking Price

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

Just over 28% of homes are now selling above the asking price, according to a data report from Redfin (NASDAQ: RDFN). This is down from 32% one year earlier and the lowest level for this time of year since 2020 when the pandemic paralyzed the housing market. The share...
Sen. Warren Slams Rocket Companies’ Acquisitions, GSE Privatization

Sen. Warren Slams Rocket Companies’ Acquisitions, GSE Privatization

by Phil Hall | Jun 6, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Sen. Elizabeth Warren (D-MA) has taken aim at the Trump administration for failing to question Rocket Companies’ (NYSE: RKT) recent acquisition announcements and for seeking to privatize Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). Reuters reports Warren...
US Housing Market Has Nearly $700 Billion in Listings, a Record High

US Housing Market Has Nearly $700 Billion in Listings, a Record High

by Phil Hall | Jun 2, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of $698 billion worth of US homes are listed for sale as of April, according to new data from Redfin (NASDAQ: RDFN). This marks a 20.3% increase from one year ago and the highest dollar amount recorded since Redfin began tracking this data in 2012. This new...
Report: New Apartments Sitting Vacant for Months

Report: New Apartments Sitting Vacant for Months

by Phil Hall | May 30, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. According to a new data report from Redfin (NASDAQ: RDFN), this marked the fifth consecutive quarter that...
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