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Typical US Home Sells for Only $4,000 Less Than Record Price

Typical US Home Sells for Only $4,000 Less Than Record Price

by Phil Hall | Jun 30, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. home is selling this month for roughly $383,000, according to new data from Redfin (NASDAQ:RDFN). This is roughly less than $4,000, or -1%, than the all-time high set in June 2022. Redfin also noted the current sales price average is the smallest...
One-Quarter of Homebuyers Looking to Move to Another Metro Area

One-Quarter of Homebuyers Looking to Move to Another Metro Area

by Phil Hall | Jun 28, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One-quarter of American homebuyers, a new record level, are looking to move to a different metro area, according to data from Redfin (NASDAQ:RDFN). In comparison to current level of 25.4% homebuyers looking outside of their area, the share considering relocation was...
What Impact Does a Rainbow Flag Have on Homebuyers?

What Impact Does a Rainbow Flag Have on Homebuyers?

by Phil Hall | Jun 27, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While the visibility of rainbow flags has been more pronounced in the past few weeks due to the Pride Month observances, Redfin (NASDAQ:RDFN) polled homebuyers to see whether the presence of a rainbow flag would either enhance or sour their perception of a...
Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period

Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period

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

The total number of U.S. homes for sale for the four weeks ending June 11 was 6% lower from one year earlier, according to data from Redfin (NASDAQ:RDFN). This is the biggest decline in 13 months. Redfin reported new listings were down by 23%, which marked the tenth...
Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%

Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%

by Phil Hall | Jun 14, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than nine of every 10 U.S. homeowners with mortgages (91.8%) have an interest rate below 6%, according to a new report from Redfin (NASDAQ:RDFN). This is slightly below the record high of 92.9% hit in mid-2022. Redfin also noted that 82.4% of mortgaged homeowners...
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