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Survey: One-Third of Homeowners Insist They Will Never Sell Their Home

Survey: One-Third of Homeowners Insist They Will Never Sell Their Home

by Phil Hall | Jan 7, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ: RDFN) has determined that roughly one-third (34%) of homeowners claim they will never sell their home, while another 27% say they wouldn’t consider selling for at least 10 years. A recent Redfin analysis found that just 25 of every...
Redfin: Housing Affordability Improved Slightly in 2024

Redfin: Housing Affordability Improved Slightly in 2024

by Phil Hall | Jan 6, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Redfin (NASDAQ: RDFN) has determined housing affordability did not worsen in 2024, which marked the first time in four years that homebuyers enjoyed a slight break from accelerating prices. Redfin stated a household making the $83,782 median...
Redfin: Unsold Properties Fuel Rise in Active Listings to 4-Year High

Redfin: Unsold Properties Fuel Rise in Active Listings to 4-Year High

by Phil Hall | Dec 30, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Active listings during November were up 0.5% from October and up 12.1% year-over-year, reaching the highest level since 2020. However, a new data report from Redfin (NASDAQ: RDFN) pointed to a “pileup of unsold homes” as being a primary cause for this new peak. More...
Asking Rents Fall to Lowest Level Since March 2022

Asking Rents Fall to Lowest Level Since March 2022

by Phil Hall | Dec 11, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median nationwide asking rent fell 0.7% year-over-year to $1,595 last month, according to data from Redfin (NASDAQ: RDFN). On a month-over-month measurement, rents were down by 1.1%. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in...
Survey: 1 in 5 Renters Put All of Their Income into Paying Rent

Survey: 1 in 5 Renters Put All of Their Income into Paying Rent

by Phil Hall | Nov 22, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ: RDFN) has determined that just over one in five (22%) renters are funneling all of their regular income directly into paying their rent. As a result of this hefty paycheck absorption, 20% of renters are working a second job to cover...
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