Prices of condos in some major Florida metros are dropping year-over-year and sales are declining as insurance costs and homeowners association fees climb, according to Redfin, Seattle.
Tag: Redfin
Redfin: Investors Bought Bigger Share of Affordable Homes in Late 2023
Real estate investors bought just over 26% of the low-priced homes that sold in the fourth quarter–the highest share on record, according to Redfin, Seattle.
Redfin: Median Asking Rent Continues to Decline
Redfin, Seattle, reported the median U.S. asking rent fell 0.8% year-over-year in December, marking the third consecutive decline.
Redfin: November Asking Rents Post Biggest Drop in More Than Three Years
Redfin, Seattle, reported asking rents declined 2.1% year-over-year in November–the biggest annual drop since immediately pre-pandemic in February 2020.
Redfin: Most Respondents Support More Housing, But Many Don’t Want Apartments in Their Neighborhood
A recent Redfin survey finds that nearly 80% of respondents support policies that promote building more housing.
Rents Largely Flat in September, RealPage, Redfin Find
According to RealPage Analytics, Richardson, Texas, and Redfin, Seattle, rents were fairly flat in September.
Real Estate Investors Buying 45% Fewer Homes Than Last Year, Redfin Finds
Redfin, Seattle, reported that the drop in home purchases by investors outpaced the second-quarter drop in overall home sales. Investor home purchases fell 45% from last year, compared with an overall market drop of 31%.
Apartment Rents Post First Annual Decline in Three Years
The median U.S. apartment asking rent fell slightly in March and the rental component of the Consumer Price Index has leveled off, two new reports said.
Rent Growth Slows 7th Straight Month
Redfin, Seattle, reported the median U.S. asking rent rose by just 4.8% year over year to $1,979 in December—the smallest increase since July 2021. Despite the slowing, the report said rents grew at more than three times that pace one year earlier.
Inflation Hitting Millennial, Gen Z Renters Harder Than Others
Millennials who took on a new rental lease in July saw their overall cost of goods and services increase 11.6% year over year, substantially higher than 8.5% for the U.S. population as a whole, said Redfin, Seattle.