With rates at 8%, a new Redfin report shows a housing market poised to finish 2023 with about 4.1 million home sales nationwide—the fewest since 2008. Byron Lazine shows how the potential for earning is still high for skilled and motivated real estate agents.
A new Redfin report shows homebuyers now need a household income of $115,000 to afford a median-priced home. That’s roughly $40,000 more than the typical U.S. household earns.
Housing market updates from Zillow and Redfin show a decline in home values from August to September, an uptick in annual price growth, and a slight increase in active listings as elevated mortgage rates drive buyers away from the market.
In a Fox Business interview, Redfin CEO Glenn Kelman reacted to the latest news on the U.S. housing market, warning that mortgage rates are unlikely to ease in 2023. And a CNBC article shows a decline in consumer sentiment despite an improvement in job numbers.
According to a new Redfin report, over half (59%) of recent homebuyers say buying a home is more stressful than dating. The report is based on survey responses from roughly 1,000 people who purchased a home in the past year.
This week in BAM focuses on big news about NAR, one word to eliminate from your vocabulary, business planning basics, October content ideas, how to send 200 Instagram DMs at once, and podcasting tips for real estate agents.
Homes.com reached over 100 million unique visitors, making it the second most heavily trafficked real estate portal in the U.S., trailing behind Zillow.
New reports from ATTOM and Redfin show a continued decline in housing affordability, driving the share of average income needed to cover housing costs up to 35% and increasing the number of listings with price reductions.
A new Redfin survey shows more than three-quarters of respondents (78%) support policies that promote new construction, but only about a third of those (32%) would feel positive about having large apartment complexes in their neighborhoods.
A new Redfin report shows nearly 60,000 home purchase agreements falling through in August, representing 15.7% of homes that went under contract that month—up from 14.3% a year ago and the highest fall-through rate since October 2022.
A new survey from Redfin shows one in ten sellers are moving because of return-to-work policies. Others cite social issues, taxes, crime, discrimination, and climate change.
A new report from Redfin shows the median U.S. asking rent for August at $2,052—$2 less than the record high set one year earlier. Despite near-record rents, landlords in some parts of the U.S. are offering concessions to attract renters as vacancies rise.
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