The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23–the smallest increase since September–according to a new report from Redfin, Seattle.
Tag: Redfin
Redfin: Typical Buyer Putting Up 16.3% Down Payment
Redfin, Seattle, reported that the typical U.S. homebuyer’s down payment in December was 16.3% of the purchase price, up from 15% a year earlier.
Redfin: Combined Value of U.S. Homes Climbed to $49.7 Trillion
Redfin, Seattle, reported the combined value of U.S. homes increased $2.5 trillion in 2024 to hit $49.7 trillion.
2024 Saw Lowest Percentage of Cash Purchases in Three Years, Redfin Finds
Redfin, Seattle, reported that the percentage of U.S. home purchases made in cash fell to 32.6% in 2024, a three-year low.
Redfin: Commissions Up Slightly For Affordable Homes, Down Slightly For Expensive Homes
The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, essentially unchanged from the third quarter, when new commission rules went into effect, according to Redfin, Seattle.
Redfin: Amount Renters Need to Earn Drops
Redfin, Seattle, found that renters need to earn $63,680 to afford the $1,592 median asking rent for a U.S. apartment, the lowest amount needed since March 2022.
Redfin: 34% of Homeowners Say They’ll Never Sell
Redfin, Seattle, conducted a recent survey, finding that 34% of U.S. homeowners say they’d never sell their home and another 27% say they won’t sell for at least 10 years.
Redfin Reports Asking Rents Ended 2024 at Lowest Level in Nearly Three Years
The median U.S. apartment asking rent fell 0.3% year over year in December to $1,594—the lowest level since March 2022—according to Redfin, Seattle.
Redfin: Housing Affordability Improved a Bit in 2024
Redfin, Seattle, released an analysis of 2024 affordability trends, finding that there was a slight improvement in housing affordability, although it was still the second-least-affordable year on record.
Redfin Finds Renters Staying in Homes Longer
Redfin, Seattle, found that over a third–33.6%–of renters have lived in the same home for at least five years.