Redfin, Seattle, released a new report finding that the typical house bought in the U.S. hit a record age of 36 years in 2024.
Tag: Sheharyar Bokhari
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.
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 Reports Asking Rents Ended 2024 at Lowest Level in Nearly Three Years
The median U.S. apartment asking rent fell 0.3% year over year in December to $1,594—the lowest level since March 2022—according to Redfin, Seattle.
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.
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: Asking Rents Up 0.6% in September
Redfin, Seattle, found asking rents rose by 0.6% year-over-year in September to $1,634. On a monthly basis, they fell 0.2% from August.
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: 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: 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.