Redfin, Seattle, found that the demand for vacation and second homes has dropped to the lowest level in at least six years.
Tag: Redfin
Redfin: Gap Between Asking Price, What Buyers Willing to Pay Creeps Higher
Redfin, Seattle, released a report finding that the prices home sellers are asking for and the prices that homebuyers are paying diverge by $39,000–the largest gap since May 2020.
Redfin: 44% of Sellers Are Giving Concessions
Redfin, Seattle, found home sellers gave concessions to buyers in 44.4% of transactions in the first quarter.
Redfin: Gap Between Income Needed for Buying vs. Renting Widens
Redfin, Seattle, found that Americans need to earn $116,633 per year to afford the median priced home for sale, compared with $64,160 needed to afford the typical apartment for rent.
Redfin: February Sees Highest Share of Condos Selling Under List Price in 5 Years
Redfin, Seattle reported that 68.4% of condos that sold in February did so for less than their original asking price.
Redfin: Competition Increased the Most in Bay Area, New York in February
Redfin, Seattle, found that eight of the 50 most populous metropolitan areas saw an increase in the share of homes that sold for above their original list price in February.
Redfin: 2025’s Most Popular Neighborhoods So Far in New York, Midwest
Redfin, Seattle, released a list of the hottest neighborhoods in 2025, with a select few in New York and the Midwest dominating the rankings.
Redfin Reports Renter Population Grew 1% in Fourth Quarter
The number of renter households in America increased 0.8% year over year to 45.4 million in the fourth quarter—the slowest growth since the first quarter of 2023, according to a new report from Redfin.
Typical Homeowner Stays in House for 11.8 Years, Redfin Reports
Redfin, Seattle, released a new report finding that the typical U.S. homeowner stays in their home for 11.8 years.
Industry Briefs, March 12, 2025
Industry news from Redfin, Rocket Cos., Xactus, Polly, Uplist, Cordless.co, LendingPad, Mortgage Capital Trading, Blend, TransUnion, TrueWork, Calque and STRATMOR Group.