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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 | Current News & 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 | Current News & 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),...
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, Current News & Events, Hits and Misses, 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 | Current News & 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 | Current News & 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...
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