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Study: 38% of Renters Believe They’ll Never Own a Home

Study: 38% of Renters Believe They’ll Never Own a Home

by Phil Hall | Apr 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly two in five (38%) renters don’t believe they’ll ever own a home, according to a new survey by Redfin (NASDAQ:RDFN). This is up from roughly one-quarter (27%) less than a year ago. Nearly half (44%) of renters who don’t believe they’ll buy a home in the near...
Redfin: Monthly Housing Payments Set New Record

Redfin: Monthly Housing Payments Set New Record

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

The median monthly housing payment reached a record high of $2,747 during the four weeks ending April 7, according to new data from Redfin (NASDAQ:RDFN). This marked an 11% year-over-year upswing. Redfin attributed this situation to elevated home prices and mortgage...

Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale

by Phil Hall | Apr 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly one of five (17.8%) homes that sold in San Francisco during the three months ending Feb. 29 was sold at a loss, according to new data from Redfin (NASDAQ:RDFN). This is comparable to the 17.9% share recorded during the three months ending Jan. 31, which was...
Survey: Half of Homeowners and Rents Struggle with Housing Payments

Survey: Half of Homeowners and Rents Struggle with Housing Payments

by Phil Hall | Apr 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Half of U.S. homeowners and renters (49.9%) continue to struggle to afford their housing payments, according to a new survey by Redfin (NASDAQ: RDFN). The nationwide survey polled approximately 3,000 homeowners and renters in February, with most of the data being...
Study: More Than Three-Quarters of Baby Boomers Plan to Stay in Their Current Home

Study: More Than Three-Quarters of Baby Boomers Plan to Stay in Their Current Home

by Phil Hall | Apr 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

According to a new data report that will not be welcome by those seeking to buy existing homes, more than three-quarters (78%) of older homeowners plan to stay in their current home as they age. A new survey of 3,000 homeowners and renters by Redfin (NASDAQ: RDFN),...
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