Redfin, Seattle, recently reported 70.3% of Florida homeowners and 51% of California homeowners say they or the area they live in have been affected by rising home insurance costs or changes to coverage over the past year.
Tag: Redfin
Percentage of Renters Who Think They’ll Never Own Climbs, Redfin Finds
A recent Redfin, Seattle, survey found 38% of U.S. renters don’t believe they’ll ever own a home.
Asking Rents Rose Again in March, Redfin Found
Redfin, Seattle, found median asking rents rose 0.8% year-over-year in March, in the third consecutive increase.
Redfin Finds Half of U.S. Homeowners, Renters Struggle to Afford Housing
Half of U.S. homeowners and renters sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin, Seattle.
Redfin Finds 78% of Baby Boomers Plan to Stay in Current Home as They Age
Redfin, Seattle, conducted a survey to determine Baby Boomers’ plans for where to live as they age. More than three-quarters said they plan to age in their homes.
Redfin: Typical Household Earns $30,000 Less Than Needed to Afford Median-Priced Home
Buyers need to earn $114,000 to afford the typical U.S. home–35% more than the typical household makes, according to Redfin, Seattle.
Redfin: Asking Rents Up 2% in February
Redfin, Seattle, reported asking rents rose 2.2% year-over-year to $1,981 in February. They also grew by 0.9% from January.
Redfin Reports Florida Condo Prices Falling as Insurance; HOA Fees Skyrocket
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.
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: New Builds as Share of Homes for Sale in Q4 Near Record High
Redfin, Seattle, found in a recent report that 31.8% of U.S. single-family homes for sale in the fourth quarter were new construction, just shy of the all-time fourth quarter high of 31.9%.