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Survey: 91% of Gen Zers Cite Housing Affordability as Top Election Year Issue

Survey: 91% of Gen Zers Cite Housing Affordability as Top Election Year Issue

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

A new survey from Redfin (NASDAQ:RDFN) found more than nine in 10 (91%) adult Gen Zers declaring that housing affordability is their top issue in this year’s presidential election. Gen Zers rated housing affordability as a more important factor in their vote than any...
More Renters Are Staying Put Longer

More Renters Are Staying Put Longer

by Phil Hall | May 31, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ:RDFN) found one in six renters (16.6%) stayed in their home for 10 years or more in 2022, up from 13.9% one decade earlier. Furthermore, one in six (16.4%) renters lived in their home for five to nine years in 2022, up from 14% a...
Redfin: More Home Sellers Cutting Their Asking Prices

Redfin: More Home Sellers Cutting Their Asking Prices

by Phil Hall | May 30, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from Redfin (NASDAQ:RDFN) found 6.4% of home sellers cut their asking price during the four weeks ending May 26, the highest share since November 2022. The median asking price was slashed by roughly $3,000 to $416,623 in the last week, the first decline in...
Home Sales Tumble While Median Prices Set a New Record

Home Sales Tumble While Median Prices Set a New Record

by Phil Hall | May 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales are slipping while median sales prices are still breaking records, according to a pair of data reports published this morning. Sales of new single-family houses during April were at a seasonally adjusted annual rate of 634,000, according to estimates...
40% of New Mortgages Went to Buyers Under 35

40% of New Mortgages Went to Buyers Under 35

by Phil Hall | May 20, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two in five (39.7%) new mortgages issued in 2023 went to homebuyers under the age of 35, according to new data from Redfin (NASDAQ:RDFN). During 2013, more than one-quarter (26.5%) of buyers were between the ages of 35 and 44, while those between 45 and 54 accounted...
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