Redfin, Seattle, found the median asking rent increased 0.8% year-over-year in May to $1,653, just $47 below the record high hit in August 2022.
Tag: Redfin
Redfin Reports Renters Staying Put Longer
Renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership, according to Redfin, Seattle.
Redfin Reports Renters Staying Put Longer
Renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership, according to Redfin, Seattle.
Redfin Reports Price Drops Hit Highest Level in 18 Months as High Rates Dampen Buyer Demand
Nationwide, 6.4% of home sellers cut their asking price during the four weeks ending May 26, the highest share since November 2022, according to Redfin, Seattle.
Pending Home Sales Dip, Redfin Reports
Pending home sales fell 4.3% from a year earlier during the four weeks ending May 12, the biggest decline in roughly three months, according to a new report from Redfin.
Demand For Vacation-Home Mortgages Fell 40% Last Year, Redfin Reports
Homebuyers took out 90,772 mortgages for second homes in 2023, down 40% from 2022 and down 65% from the pandemic housing boom, according to a new report from Redfin, Seattle.
Redfin: Home Prices Up or Flat in All Major American Metro Areas
Redfin, Seattle, reported the median home-sale price rose from a year earlier or stayed flat in all 50 of the most populous metro areas in the United States during the four weeks ended April 28.
Nearly 40% of Homeowners Couldn’t Afford Their Home If Bought Today, Redfin Finds
Nearly two in five homeowners don’t believe they could afford to buy their own home if they were purchasing it today, according to a new report from Redfin, Seattle.
Redfin: Florida, California Homeowners See More Insurance Changes
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.
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.