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Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home

Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home

by Phil Hall | Oct 18, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A homebuyer needs to earn $114,627 in order to afford the purchase of a median-priced home, according to data from Redfin (NASDAQ:RDFN). This up 15% ($15,285) from one year ago and up by more than 50% since the start of the pandemic in March 2020. The current income...
Which is More Stressful: Homebuying or Dating?

Which is More Stressful: Homebuying or Dating?

by Phil Hall | Oct 4, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In terms of apples and oranges comparisons, the contrast between homebuying and dating rarely comes up. However, the folks at Redfin (NASDAQ:RDFN) broached the topic with a survey of 1,000 Americans who bought a home in the last year. The result of that survey: nearly...
Redfin Exits from National Association of Realtors

Redfin Exits from National Association of Realtors

by Phil Hall | Oct 2, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Redfin (NASDAQ:RDFN) has announced it will end its support of the National Association of Realtors (NAR), citing the organization’s fee requirements and what it dubbed as “a pattern of alleged sexual harassment.” “We’ve had many meetings with NAR execs to explore...
26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation

26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation

by Phil Hall | Sep 26, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Slightly more than one-quarter of homebuyers (26%) are looking to move to a different part of the country, according to new data from Redfin (NASDAQ:RDFN). This share is up from 24% one year ago and roughly 19% from the pre-pandemic era, and it also represents a...
60,000 Home Purchase Agreements in August Were Canceled

60,000 Home Purchase Agreements in August Were Canceled

by Phil Hall | Sep 15, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is a surplus of second thoughts and cold feet in the housing market: Nearly 60,000 home purchase agreements were canceled in August, which is equal to 15.7% of homes that went under contract that month. According to new data from Redfin (NASDAQ:RDFN), August’s...
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