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: Redfin
Redfin: Demand for Vacation Homes Falls
Redfin, Seattle, found that the demand for vacation and second homes has dropped to the lowest level in at least six years.
Typical Homeowner Stays in House for 11.8 Years, Redfin Reports
Redfin, Seattle, released a new report finding that the typical U.S. homeowner stays in their home for 11.8 years.
Redfin: Investor Home Purchases Drop Slightly in Q4
Redfin, Seattle, reported investor activity declined in Q4, with 47,004 homes purchased.
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.
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.
Redfin: Housing Affordability Improved a Bit in 2024
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.
Redfin: Investor Purchases Plateau
Investor home purchases are now around pre-pandemic levels, reported Redfin, Seattle.
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.