Redfin, Seattle, released a new report finding that the typical U.S. homeowner stays in their home for 11.8 years.
Tag: Redfin
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.
Redfin: Investor Home Purchases Drop Slightly in Q4
Redfin, Seattle, reported investor activity declined in Q4, with 47,004 homes purchased.
Home Price Growth Slows as Mortgage Rates Dip, Redfin Finds
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.
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.