Hurricane Helene has now become one of the deadliest hurricanes in the U.S. in modern times–and its destruction may be affecting residential decisions moving forward.
Tag: Redfin
Apartment Absorption Down From Year-Ago Rate, Redfin Finds
Just over half of U.S. apartments that delivered in the first quarter rented within three months, the second-lowest seasonally adjusted share since mid-2020, according to Redfin, Seattle.
Redfin: Only 2.5% of Homes Have Changed Hands This Year
Redfin, Seattle, found only 2.5% of homes in the U.S.–or 25 of every 1,000–have changed hands through August 2024–the lowest level in decades.
Redfin: Demand for Second-Home Mortgages Lowest Since 2016
Redfin, Seattle, reported mortgage rate locks for second homes fell 13.1% year-over-year in August, to hit the lowest level since March 2016 on a seasonally adjusted basis.
Redfin: Florida, Texas Condo Markets Struggle
Redfin, Seattle, released a recent report looking at condo activity in Florida and Texas amid growing insurance and HOA costs. In major metro areas in both states, inventory is increasing, but pending sales are dropping, the report noted.
Redfin Reports Typical Down Payment Hits Record $67,500
The typical down payment for U.S. homebuyers hit a record $67,500 in June, up nearly 15% from $58,788 a year earlier, according to a new report from Redfin, Seattle.
Redfin: Amount Buyers Must Earn to Afford Typical Starter Home Just Shy of All-Time High
Redfin, Seattle, found homebuyers need to earn $79,252 annually to afford the median-priced starter home, only about $500 below the all-time high notched in October 2023 and up 4.4% year-over-year.
Redfin: Pending Sales of Starter Homes at Highest Level Since October 2022
Redfin, Seattle, found pending sales of “starter homes” grew 10.2% year-over-year in July to the highest level since October 2022.
Redfin: Existing-Home Sales See Lowest July on Record Going Back to 2012
Redfin, Seattle, reported existing-home sales rose 0.6% month-over-month in July but fell 2% year-over-year to just 4,094,991–the lowest July on records going back to 2012.
Redfin: Investor Home Purchases Post Biggest Increase Since Q2 2022
Investor purchases of homes were up 3.4% year-over-year in Q2, per Redfin, Seattle.