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Typical Homebuyer’s Down Payment Hits Record High

Typical Homebuyer’s Down Payment Hits Record High

by Phil Hall | Aug 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%

Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%

by Phil Hall | Aug 27, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
Monthly Mortgage Payments Record First Annual Decline in 4 Years

Monthly Mortgage Payments Record First Annual Decline in 4 Years

by Phil Hall | Aug 22, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
Report: Florida HOA Fees Soaring Above National Median

Report: Florida HOA Fees Soaring Above National Median

by Phil Hall | Aug 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
A New Record: 1 in 10 Homes Are Worth $1 Million or More

A New Record: 1 in 10 Homes Are Worth $1 Million or More

by Phil Hall | Aug 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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%...
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