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Hits and Misses for the Real Estate Week of March 25-29

Hits and Misses for the Real Estate Week of March 25-29

by Phil Hall | Mar 29, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The story behind the Sitzer/Burnett case, squatters getting the boot in Florida and an iconic hotel’s demise. From the wild and wooly world of real estate, here are the Hits and Misses for the week of March 25-29. Miss: Placing Blame Elsewhere. Rhonda Burnett, a...
Typical Homebuyer’s Down Payment Up 24% From a Year Ago

Typical Homebuyer’s Down Payment Up 24% From a Year Ago

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median down payment for U.S. homebuyers in February was $55,640, according to new data report from Redfin (NASDAQ: RDFN). This marks a 24.1% upswing from $44,850 one year earlier, which is the largest annual percentage increase since April 2022. Home prices rose...
New Report Finds Typical Households Still Cannot Afford Median-Priced Homes

New Report Finds Typical Households Still Cannot Afford Median-Priced Homes

by Phil Hall | Mar 26, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. household is still unable to afford a median-priced home, although some progress has been made. According to new data from Redfin (NASDAQ:RDFN) that analyzed the February housing market, buyers needed to earn an annual income of $113,520 to afford the...
Redfin: February’s New Listings Up 14.8% from Last Year

Redfin: February’s New Listings Up 14.8% from Last Year

by Phil Hall | Mar 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New listings in February were up by 3.8% on a seasonally adjusted basis from January to February, according to data from Redfin (NASDAQ:RDFN), which marks the highest level since September 2022. On a year-over-year basis, February’s new listings were up 14.8%,...
Redfin: February’s New Listings Up 14.8% from Last Year

Redfin Expands Sign & Save Program for Homebuyers

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

The Seattle-headquartered brokerage Redfin (NASDAQ:RDFN) has expanded its Sign & Save program to more than a dozen markets including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. According to the company, homebuyers who participate in the...
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