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.
Tag: Redfin
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.
Asking Rents Fall; Renters Can Afford Larger Spaces, Redfin Finds
Redfin, Seattle, released two analyses of the current rental market, including the finding that the median asking rent fell 0.7% year-over-year in November to $1,595.
Redfin: 2025 Likely to See More Sales
Redfin, Seattle, released predictions from its economists for next year, anticipating there will be more sales due to pent-up demand, but some Americans hoping to buy will still be priced out.
Redfin: Investor Purchases Plateau
Investor home purchases are now around pre-pandemic levels, reported Redfin, Seattle.
Redfin Finds Existing Home Sales Post Biggest Increase in Nearly Three Years
Existing home sales rose 1.6% month over month in October–the biggest gain since January 2022–to a seasonally adjusted annual rate of 4.17 million, according to Redfin, Seattle.
Redfin: Renter Households Outpace Homeowner Households
The number of renter households grew 2.7% in the third quarter year-over-year, to a record 45.6 million, Redfin, Seattle reported.
Redfin Finds Young Homeowners More Likely Than Young Renters to Feel Financially Better Off
Around two-thirds of Millennial and Gen Z homeowners say they’re better off financially than they were four years ago, compared to just over half of Millennial and Gen Z renters, according to a new Redfin survey.
Young Homeowners More Likely Than Young Renters to Feel Financially Better Off, Redfin Finds
Around two-thirds of Millennial and Gen Z homeowners say they’re better off financially than they were four years ago, compared to just over half of Millennial and Gen Z renters, according to a new Redfin survey.
Redfin: Pending Sales Jump in September, Existing Sales Lag
Redfin, Seattle, released a new report finding that pending sales rose 2.5% in September from August, the largest increase since January 2023.