A new Redfin report shows home prices for May 2024 rose 0.3% from the previous month—the smallest monthly increase on a seasonally adjusted basis since January 2023.
A Redfin-commissioned survey finds housing affordability is the number one voting priority for Gen Z in this year’s presidential election.
About one-third (33.4%) of single-family homes for sale in the first quarter of 2024 were new construction, roughly the same as last year but nearly double pre-pandemic levels. This year’s share is down from the record high of 34.5% reached two years ago.
A new report from Redfin shows Millennials and Gen Z taking out the majority of mortgages in 2023, with 39.7% of the year’s total mortgages issued to buyers under 35 years of age and 26.5% going to buyers 35-44.
A new Redfin report shows vacation home mortgages dropped 40% year over year in 2023, falling to a six-year low.
A new Redfin report shows the share of new mortgages issued in 2023 to low-income homebuyers dropped from 23.2% in 2020 to 20.6% in 2023, bringing it back down to where it was in 2018 and erasing the progress made during the pandemic.
On Monday, May 3, 2024, Redfin became the 10th brokerage to reach a settlement, filing a Form 8-K report with the U.S. Securities and Exchange Commission (SEC) agreeing to pay $9.25 million to settle commission lawsuits.
According to a new Redfin report, home prices are not falling in any U.S. metro for the first time since July 2022. In related news, the national median monthly mortgage payment climbed 15% year over year, reaching an all-time high.
A new Redfin article shows nearly 40% of homeowners could not afford their homes if they were buying them today, thanks to monthly housing costs reaching an all-time high due to elevated mortgage rates and home prices that have doubled over the last decade.
A new report from Redfin shows nearly 20% of home sellers in San Francisco taking a loss—over four times the national share (4%), largely due to home prices in the area coming back down after soaring during the pandemic.
A new Redfin report shows the median U.S. monthly housing payment increasing 11% year over year to a new record high of $2,747.
According to a new Redfin report, roughly half of all Americans are struggling to afford housing payments, with 1 in 5 making big sacrifices to cover the costs—including skipping meals, working extra hours, and delaying medical care.
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