The typical down payment for homebuyers hit a record high of $67,500 in June, according to new data from Redfin (NASDAQ: RDFN). This is up 14.8% from $58,788 one year earlier and the 12th consecutive month the median down payment was up year-over-year. The typical...
A total of 85.7% homeowners with mortgages, roughly six out of every seven households, have an interest rate below 6%, according to a data report from Redfin (NASDAQ:RDFN). This is down from 90.6% at the start of last year and from the record high of 92.8% in...
The median monthly mortgage payment was $2,587 during the four weeks ending Aug. 18, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level since February and a 0.1% dip from one year ago – as well as the first time in four years that monthly...
Florida’s trouble condominium market is hitting residents in their wallets, with homeowners association (HOA) fees rising dramatically to rates that are significantly above the national median. Tampa’s median monthly HOA fee was up 17.2% year-over-year for the three...
Million-dollar homes have become more commonplace than ever before, as new data from Redfin (NASDAQ:RDFN) determined nearly one in 10 (8.5%) homes are worth $1 million or more, a record high. The current figure is up 7.6% year-over-year and more than double the 4%...