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Report: Renters Need to Earn $63,680 to Afford a Typical Apartment

Report: Renters Need to Earn $63,680 to Afford a Typical Apartment

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Renters need to earn $63,680 to afford the median asking rent ($1,592) for an apartment, according to a data report from Redfin (NASDAQ: RDFN). This marks the lowest amount needed for rental housing occupancy since March 2022, as well as a 0.4% year-over-year decline...
Study: Homeowners Are Less Likely to Move Than Renters

Study: Homeowners Are Less Likely to Move Than Renters

by Phil Hall | Aug 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 11.21% of Americans – 35.7 million – moved within a year of the most recent American Community Survey in 2022, according to a data analysis published by LendingTree. As for those who moved, 79.29% stayed in the same state. Among those who moved, 53.93% relocated...
Survey Finds High Housing Costs Eroding Americans’ Confidence in Economy

Survey Finds High Housing Costs Eroding Americans’ Confidence in Economy

by Phil Hall | Jun 6, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new national poll commissioned by Nationwide found more than three-quarters of respondents (78%) rating the economy as poor or fair, with half of the respondents citing high housing costs for their pessimism. Nearly two-thirds (64%) of the respondents in...
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...
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