You Searched For "redfin" and got 20 results
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1 min read
You need to make at least $64,500 a year to afford your first home, says Redfin
Higher mortgage rates and rising prices are to blame, with cities including New York, Chicago and A…
Zahra Tayeb
1 min read
Homebuyers need to earn 87% more than in pre-COVID years to afford a starter home, Redfin says
To afford a typical starter home, buyers must now make $75,849, Redfin reported. That's an 87% jump…
Filip De Mott
1 min read
Sliding mortgage rates are helping to thaw the frozen housing market, Redfin says
Mortgage rates are finally falling, the real-estate brokerage said, after a year where higher borro…
George Glover
2 mins read
Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demand
Home prices fell in five parts of Florida and Texas as buyers balked at high values and steeper mor…
Theron Mohamed
2 mins read
Buying a first home is 'prohibitively expensive' and 'almost impossible' for many, says Janet Yellen
Soaring home prices and surging mortgage rates have ruled out home ownership for many people, said …
Theron Mohamed
2 mins read
Don't feel too sorry for Gen Z — they're outpacing boomers on income and millennials on home ownership
The median 25-year-old earns a real household income of over $40,000 after taxes and transfers, mor…
Theron Mohamed
3 mins read
A 71-year-old Californian explains why she's one of many boomers reluctant to sell their large homes and downsize — and it has nothing to do with money
Many boomers who want to leave their single-family homes are struggling to find multifamily buildin…
Eliza Relman
2 mins read
The South is booming, beating out the West as the fastest-growing region in the country again last year
Around two-thirds of counties in the South had population growth last year.
Eliza Relman,Madison Hoff
4 mins read
There's one benefit that would entice people to sacrifice remote work, a survey found
Housing affordability is a problem in the US, and helping with those costs could be the carrot comp…
Cork Gaines
5 mins read
5 charts that show how the Fed's war on inflation has frozen the housing market
The Federal Reserve aggressively hiked interest rates to lower inflation during the pandemic, but i…
Ayelet Sheffey,Madison Hoff
2 mins read
Housing keeps getting less affordable – and the math only improved in one major city this year, says Redfin
A median income earner spent 41% of their pay on a median-priced home this year, according to Redfi…
Kai Xiang Teo
2 mins read
There are so few starter homes on the market, Biden wants to pay people $10,000 to sell their houses
With mortgage rates elevated, lots of homeowners in the US are staying put. Biden wants to incentiv…
Eliza Relman
3 mins read
3 signs it's getting less competitive to buy a home
Prices in hot markets are dipping and buyers are scrambling to cancel contracts — good news for peo…
Alcynna Lloyd,Jason Lalljee
2 mins read
The housing market isn't crashing, it has a 'hangover' — and it's why so many buyers are backing out, a Redfin economist explains
Redfin's Taylor Marr explains why the real estate industry is seeing a record number of deals fall …
Alcynna Lloyd
2 mins read
Homebuyers are flexing their renewed power by backing out of deals
In a major reversal from recent trends, homebuyers are done waiving inspections, and canceled deals…
Alcynna Lloyd
2 mins read
Don't expect home prices to crash during the next recession the way they typically do in a downturn
Recession fears have some people hoping homes will get more affordable, but the one predicted to hi…
Alcynna Lloyd
3 mins read
Americans are moving a lot less — and boomers may be to blame
US internal migration has significantly slowed over the last five decades, and a new study suggests…
Noah Sheidlower
1 min read
The sluggish housing market is weighing on Redfin's stock as home sales 'near rock bottom'
Shares of the real estate firm plunged as much as 24% Friday after its latest earnings revealed a 2…
Phil Rosen
1 min read
Spiking mortgage rates are pricing poorer Americans out of the housing market – with a third of all homes bought in cash, Redfin says
Mortgage rates have soared north of 7% in recent months, driven higher by the Federal Reserve's war…
George Glover
3 mins read
Empty-nest baby boomers won't give up their large homes — and it's hurting millennials with kids
Baby boomers are refusing to downsize, in part because they're not incentivized to. And it's starti…