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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 | Market Snapshot, News/Current Events, 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 | Market Snapshot, News/Current Events, 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 | Market Snapshot, News/Current Events, 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...
Survey: Most Buyers Move to Find a Bigger and Better Home

Survey: Most Buyers Move to Find a Bigger and Better Home

by Phil Hall | Nov 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Why do people want to move? A new survey from Redfin (NASDAQ: RDFN) determined people are in search of bigger and better surroundings – as well as finding a cheaper place to live. In a survey of 1,802 adults, respondents cited a desire for more space (31.2%) as the...
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...
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