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Report: Florida HOA Fees Soaring Above National Median

Report: Florida HOA Fees Soaring Above National Median

by Phil Hall | Aug 22, 2024 | Current News & 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 | Current News & 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%...
Investor Home Purchases Recorded Biggest Increase in 2 Years

Investor Home Purchases Recorded Biggest Increase in 2 Years

by Phil Hall | Aug 15, 2024 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Investor purchases of homes shout up by 3.4% year-over-year in the second quarter, according to new data from Redfin (NASDAQ:RDFN). This marked the largest increase since the second quarter of 2022. Investors acquired $43 billion worth of homes in the second quarter,...
Report: Housing Affordability Proves Elusive for Many Teachers

Report: Housing Affordability Proves Elusive for Many Teachers

by Phil Hall | Aug 14, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average teacher can afford 47.9% of apartments for rent within commuting distance of their school, up from 40.7% in 2023 but down from 58% in pre-pandemic 2019, according to a new data report from Redfin (NASDAQ:RDFN). However, the average teacher can only afford...

Rents Decline in All Bedroom Counts for First Time in 4 Years

by Phil Hall | Aug 13, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent declined year-over-year across all bedroom counts in July, according to new data from Redfin (NASDAQ:RDFN). This marks the first occurrence for across-the-board rent declines since June 2020. Median asking rents for 0- to 1-bedroom apartments...
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