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.
Tag: Redfin
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.
Asking Rents Rose Again in March, Redfin Found
Redfin, Seattle, found median asking rents rose 0.8% year-over-year in March, in the third consecutive increase.
Redfin Finds Half of U.S. Homeowners, Renters Struggle to Afford Housing
Half of U.S. homeowners and renters sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin, Seattle.