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Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

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

Homebuyers in the seven swing states that might determine the winner in this year’s presidential election have seen their median monthly housing payments nearly double since Joe Biden won the 2020 election, according to new data report from Redfin (NASDAQ:RDFN)....
Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

by Phil Hall | Jul 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home sale price broke a record for the ninth consecutive week, reaching a level of $397,482 during the four weeks ending July 7, according to new data from Redfin (NASDAQ:RDFN). This represents a 4.7% year-over-year spike and the biggest increase in over...
Redfin: Median Sales Price Hits New Record High

Redfin: Median Sales Price Hits New Record High

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report by Redfin (NASDAQ:RDFN) tracking the four weeks ending June 30 has placed the median sales price at $397,954, an all-time high. This price is up 4.9% from one year ago, marking the largest annual increase since March. During the same period, the...
Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years

Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years

by Phil Hall | Jul 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Contrary to the “Field of Dreams” catchphrase, new apartment complexes are being built but not that many people are coming to rent units. According to new data from Redfin (NASDAQ:RDFN), less than half (47%) of newly constructed apartments that were completed in the...
A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros

A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros

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

A typical Black household can only afford a starter home in 10 of the nation’s 50 most populous metros, according to a new report from Redfin (NASDAQ:RDFN). In comparison, the typical White household can afford a starter home in 32 of the 50 metros. For its report,...
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