In the race to homeownership, Gen Z gained a slight edge over their parents’ generation. A new Redfin report shows 30% of Gen Z reached homeownership by age 25 in 2022, compared to 27% of Gen X, 28% of millennials, and 32% of baby boomers at that age.
A new Redfin report shows that home prices fell 3.3% in March, marking the biggest annual drop in over a decade nationwide. But home prices vary greatly based on the local market.
A new Redfin report shows the first annual rent decline in three years, with the median rent dropping 0.4% year over year in March to its lowest point in 13 months.
A new Redfin report shows demand for vacation homes is down more than 50% from pre-pandemic levels as mortgage rates, new loan fees, and a cooling rental market deter second-home buyers.
The latest Redfin report ranks U.S. metros with 10 housing markets cooling the fastest and 10 markets holding strong in 2023.
A new Redfin report shows a rise in seller concessions — with 45% of sellers providing incentives for buyers, with a record 13% of sales involving both price cuts and concessions.
According to a Redfin report, the typical homebuyer is spending $2,563 on housing each month. This puts monthly mortgage payments at an all-time high, while another report shows rent growth continues to slow.
A new Redfin report shows only 21% of home listings were affordable for the typical U.S. household in 2022, down from 40% in 2021. Only 9% of homes for sale were affordable for the typical Black household, compared to 28% for the typical white household.
Byron Lazine and Tom Toole discuss the latest FOMC meeting minutes, what to expect from the Federal Reserve in March, the housing market’s loss of $2.3 trillion in home values, Fannie Mae’s revised forecast, and the best business plan for agents in 2023.
A new Redfin report shows a steep decline in investor home purchases in Q4 2022 compared to Q4 2021, with home purchases down a record 45.8% year-over-year.
Redfin reports signs of a housing market recovery after a trough in the second week of November 2022. Economists say recovery has begun, with homebuyers returning to the market—but sellers have been slower to jump back in.
A new Redfin report shows rent growth slowing for the seventh consecutive month in December 2022. The median asking rent rose only 4.8% year-over-year, the smallest increase since July 2021.
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