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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 | Current News & 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...
Is Renting Less or More Expensive? It Depends Which Data Report You Cite

Is Renting Less or More Expensive? It Depends Which Data Report You Cite

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

A pair of newly published data reports offer strikingly different views of the rental housing market, with one report stating rents are going down and the other claiming rents have become more expensive. Redfin (NASDAQ: RDFN) reported the median asking rent of April...
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 | Current News & 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...
Second Home Mortgage Origination at 7-Year Low

Second Home Mortgage Origination at 7-Year Low

by Phil Hall | May 8, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Second homes lost their luster in 2024 as homebuyers only took out 86,604 mortgages on these properties, down 5% year-over-year to the lowest level dating back to 2018. According to data from Redfin (NASDAQ: RDFN), second home mortgages made up only 2.6% of all...
Redfin Investor Sues to Halt Acquisition by Rocket Companies

Redfin Investor Sues to Halt Acquisition by Rocket Companies

by Phil Hall | May 8, 2025 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

An investor in Redfin (NASDAQ: RDFN) has filed a lawsuit to stop its $1.75 billion sale to Rocket Companies (NYSE: RKT). The Real Deal reports investor Bruce Miller is suing the company and its board of directors, including CEO Glenn Kelman, alleging they failed to...
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