Articles from Redfin

(NASDAQRDFN) — Active listings—the total number of homes for sale—climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month over month and 12.1% year over year. For all the talk of America’s housing shortage, one would think that’s great news. But the story is nuanced, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — A third (33.6%) of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Active listings climbed 12% year over year during the four weeks ending December 22, though that was the smallest increase since March, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — U.S. home prices grew 0.5% from a month earlier in November on a seasonally adjusted basis, the third consecutive month with a 0.5% increase. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, home prices rose 5.7%, the lowest annual increase since October 2023.

(NASDAQRDFN) — In Portland, OR, home sales jumped 27.6% year over year in November—the biggest increase among the 50 most populous U.S. metropolitan areas, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It was followed by five other pricey West Coast metros: San Jose, CA (26.2%), Seattle (19.5%), San Francisco (17.7%), Sacramento, CA (17.6%) and San Diego (15.2%). By comparison, nationwide home sales rose just 4.8%.

(NASDAQRDFN) — One-quarter (25%) of recent homebuyers who have kids living at home received a cash gift from family to help fund their down payment, more than double the 12% of recent buyers without kids who received such a gift, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — New listings of homes for sale are up 7.6%, the biggest year-over-year increase since June (except the four weeks ending November 24, when the increase was inflated due to Thanksgiving), according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is based on data from the four weeks ending December 15.

(NASDAQRDFN) — Existing home sales rose 0.7% month over month in November to a seasonally adjusted annual rate of 4,269,85—the highest level since March 2023. They jumped 4.5% year over year—the largest annual increase since July 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Older Americans are more likely than younger Americans to buy homes in places with significant climate risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Over one-third (36.9%) of home purchases made by people 65 and older last year were in counties with high risk of extreme heat, compared with less than one-third (32.3%) of home purchases made by people under 35.

(NASDAQRDFN) — Asking rents for newly constructed apartments rose 1.5%—the biggest year-over-year increase in 18 months—to a median $1,802 in the third quarter. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Less than half (46.7%) of U.S. renters feel a sense of belonging in their neighborhood, compared with almost two-thirds (63.6%) of homeowners, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in late November, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — The median U.S. asking rent fell 0.7% year over year in November to $1,595, the lowest level since March 2022. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 1.1% on a month-over-month basis.

(NASDAQRDFN) — A U.S. renter on a $2,000-a-month budget can afford an apartment that is more than 70 square feet larger today than it was when rents peaked in mid-2022. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Decking the halls just got a lot easier with a little help from Redfin Redesign. Home buyers and homeowners alike can now use Redfin’s AI-powered home design tool to transform home images with holiday decor inspiration.

(NASDAQRDFN) — Redfin’s Homebuyer Demand Index is sitting near its highest level since September 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Redfin’s economists expect there will be more home sales in 2025, largely due to pent-up demand. But some would-be homebuyers will still be priced out, with home prices climbing and mortgage rates remaining near 7%. That’s according to annual housing market predictions from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — U.S. pending home sales rose 12.1% year over year during the four weeks ending November 24, the biggest increase since May 2021. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Just over one in five (22%) U.S. renters say all of their regular income goes directly to paying their rent, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Real estate investors purchased 2.3% fewer homes in the third quarter than they did a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The small size of the change is notable because it comes after four years of huge swings driven by the wild pandemic-era housing market. For instance, investor purchases surged as much as 144% year over year in 2021, then dropped as much as 47% last year.

(NASDAQRDFN) — Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates for the second time in a row. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Nearly one in seven (13.7%) home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move in the next year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Even more (17.5%) say a concern for safety/crime is prompting them to move.

(NASDAQRDFN) — For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — U.S. home prices grew 0.5% from a month earlier in October on a seasonally adjusted basis, matching September’s increase, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Nearly three-quarters (74%) of U.S. residents who earn less than $50,000 per year sometimes, regularly or greatly struggle to afford their regular mortgage or rent payments. That’s according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) —Existing home sales rose 1.6% month over month in October—the biggest gain since January 2022—to a seasonally adjusted annual rate of 4,179,346. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They climbed 1.7% year over year—the first annual increase since November 2021—and are on track to finish the year slightly higher than they finished last year (4,093,102).

(NASDAQRDFN) — Early indicators of homebuying demand show that buyers are returning after taking a hiatus in the lead-up to last week’s presidential election, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — More than one in five (22%) U.S. residents say they’re more likely to move now that the election is over, according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — The median U.S. asking rent barely moved in October, nudging up 0.2% year over year to $1,619. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 0.6% on a month-over-month basis.

(NASDAQRDFN) — Pending U.S. home sales rose 4.3% year over year during the four weeks ending November 3, in line with the increases Redfin has seen over the last six weeks. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That rate of growth is three times faster than the 0.9% increase in homeowner households, which now total a record 86.9 million.

(NASDAQRDFN) — Just under two in five (38%) U.S. residents who had already voted as of November 1 say housing affordability impacted their presidential pick. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Newly built homes made up 28% of single-family homes for sale nationwide in the third quarter, the lowest level in three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17, according to a new analysis from Redfin, the technology-powered real estate brokerage.

(NASDAQRDFN) — Mortgage rates rose to 7% for the first time since early July this week, erasing their late-summer decline into the low-6% range. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rising rates, combined with economic uncertainty and anxiety brought on by the impending presidential election, are causing some prospective homebuyers and sellers to press pause. But the effect is smaller than expected.

(NASDAQRDFN) — Less than one-third (32.1%) of renter households pay under $1,000 in monthly rent—the lowest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from 35.2% in 2022 and 50.4% in 2012.

(NASDAQRDFN) — Just over two-thirds (68.7%) of millennial/Gen Z homeowners say they’re better off financially than they were four years ago—hat compares with just over half (52.2%) of millennial/Gen Z renters, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — A homebuyer on a $3,000 monthly budget has lost $33,250 in purchasing power over the last six weeks, with the daily average 30-year fixed mortgage rate rising to 7% on October 28, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Florida is home to three of the five major U.S. metros where property tax bills have increased most since before the pandemic, exacerbating the difficulty of affording a home in the Sunshine State. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) —More than four of every five U.S. residents (82%) believe there should be caps on the amount landlords are allowed to increase rent, according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Pending U.S. home sales rose 3.5% year over year during the four weeks ending October 20, the biggest increase in three years (with the exception of the prior 4-week period, when they rose 3.7%). That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a local level, pending sales are up in 35 of the 50 most populous U.S. metros, the most in three years.

(NASDAQRDFN) — Nearly one in five (18.7%) people have gotten in a disagreement with a neighbor over politics, with men more than twice as likely to get into a dispute than women, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — U.S. home prices grew 0.5% from a month earlier in September on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the fastest pace since April and the third consecutive month where the growth rate has increased.

(NASDAQRDFN) — Pending home sales jumped 2.5% month over month in September on a seasonally adjusted basis, the largest increase since January 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They rose 3.1% year over year, the biggest annual increase since May 2021.

(NASDAQRDFN) — Pending U.S. home sales rose 3.2% year over year during the four weeks ending October 13, the biggest increase in three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Redfin (www.redfin.com), the technology-powered real estate company, has expanded its rental listing tool nationwide. Homeowners, investors, property managers and agents anywhere in the U.S. can now list rental properties for free on Redfin, connect with interested renters searching on Redfin’s family of sites, and manage the application and renter screening process all in one place.

(NASDAQRDFN) — Nearly one-third (31.6%) of U.S. renters say housing affordability is a top-three issue when it comes to which candidate they’ll support in the upcoming presidential election, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Seven percent of Gen Zers who plan to move soon say one reason is to live in a place where abortion is legal and accessible, and one in 20 (5%) millennials say the same thing, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — The typical U.S. asking rent ticked up 0.6% year over year in September to $1,634, with several East Coast and Midwestern metros seeing the biggest increases. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 0.2% on a month-over-month basis.

(NASDAQRDFN) — Pending U.S. home sales rose 2% from a year earlier during the four weeks ending October 6, the biggest increase in three years, according to a new report from Redfin, the technology-powered real estate brokerage.

(NASDAQRDFN) —Nearly one-third (32%) of U.S. residents aged 18-34 say they’re reconsidering where they want to move in the future after seeing or hearing about the damage caused by Hurricane Helene, according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage. That compares with 15% of respondents aged 35 and older.

(NASDAQRDFN) — Pending U.S. home sales were flat from a year earlier during the four weeks ending September 29, marking the first time since January pending sales didn’t decline. That’s according to a new report from Redfin, the technology-powered real estate brokerage. It’s worth noting that we’re comparing to a period last year when sales slumped as mortgage rates surged into the mid-7% range.

(NASDAQRDFN) — Nearly half (48.4%) of U.S. renters think Kamala Harris would be best for making housing more affordable, while nearly one-third (31.2%) think Donald Trump would be best, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. About one of every five renters (18.7%) aren’t sure who would be best.

(NASDAQRDFN) — More than half (54%) of newly constructed apartments completed in the first quarter were rented out within three months—bouncing back from a four-year-low of 47% a quarter earlier— according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — U.S. homebuyers need to earn $76,995 per year to afford the median priced starter home ($250,000), down 0.4% year over year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the first annual decline since August 2020, when mortgage rates were nearing their record low.

(NASDAQRDFN) — Just 25 out of every 1,000 U.S. homes changed hands in the first eight months of 2024, the lowest turnover rate in decades, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Asking rents for newly constructed apartments fell to $1,746 in the second quarter, down 6.2% from a year earlier to the lowest level in more than two years. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — Homebuyers locked in nearly 70% more mortgages than they did a month earlier on September 23, according to a new report from Redfin, the technology-powered real estate brokerage. The report analyzes mortgage rate-lock data from Optimal Blue.

(NASDAQRDFN) —The typical San Jose, CA homebuyer’s monthly housing payment has fallen more than $2,000 from its springtime peak, landing at $9,398 in mid-September. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. San Jose saw the biggest drop in monthly housing payments among the U.S. metros Redfin analyzed.

(NASDAQRDFN) — Nearly half (48%) of all U.S. listings have lingered on the market for at least 60 days, the highest share for any August since 2019, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That share was up from 43.2% a year ago and marked the fifth straight month in which the share of homes sitting for at least 60 days posted an annual increase.

(NASDAQRDFN) — U.S. homebuyers need to earn an annual income of $115,454 to afford the median priced home ($433,101), according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down 1.4% year over year—the first annual decline since June 2020, when mortgage rates set a new record low.

(NASDAQRDFN) — The typical renter household in a swing state earns an estimated $50,267 per year—$10,365 less than the $60,633 a renter must earn to afford rent for the median priced apartment in a swing state. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — The median U.S. housing payment was $2,534 during the four weeks ending September 15, down 2.7% from a year earlier–the biggest decline since May 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Monthly payments are falling because mortgage rates dropped to their lowest level in 20 months in the lead-up to the Fed’s first interest-rate cut since 2020.

(NASDAQRDFN) — Sales of existing homes fell 1% month over month and 3.1% year over year in August to a seasonally adjusted annual rate of 4,042,369, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill.

(NASDAQRDFN) —U.S. home prices grew 0.5% in August on a seasonally adjusted basis, the largest month-over-month increase since April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, home prices rose 6.7%, the lowest annual increase since January.

(NASDAQRDFN) — Mortgage-rate locks for second homes fell 13.1% year over year in August to the lowest level since March 2016 on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, mortgage-rate locks for primary homes declined 5.2%. Rate locks for second homes were down 59.2% from pre-pandemic levels, compared with a 31.9% drop in rate locks for primary homes.

(NASDAQRDFN) — The median U.S. monthly housing payment was $2,558 during the four weeks ending September 8, nearly down to where it was at the start of the year and down 1.3% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s a small drop, but it’s the second-biggest decline since May 2020, when the housing market was stumbling before the pandemic-driven boom (the biggest decline since then was two weeks ago, when payments declined 1.6%).

The median U.S. asking rent rose 0.9% year over year in August to $1,645—the biggest annual increase since April 2023. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up 0.1% on a month-over-month basis.

(NASDAQRDFN) — Redfin, the technology-powered real estate brokerage, reported today that negotiation over commissions has become more common in some markets and at higher price points in the wake of industry rule changes mandated by the National Association of Realtors legal settlement.

(NASDAQRDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan nationwide. Starting October 27th, all Redfin agents will earn competitive splits as high as 75%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States.

(NASDAQRDFN) — The typical recent college grad in the Bay Area who wanted to live in a 2 bedroom apartment with a roommate last year was rent burdened—meaning they’d need to spend over 30% of their income on rent—but that’s no longer the case. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

(NASDAQRDFN) — The median U.S. monthly housing payment fell to $2,534 during the four weeks ending September 1, the lowest level since January and down nearly $300 from April's all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are falling because even though home prices remain near record highs, weekly average mortgage rates have dropped to their lowest level in a year and a half.

(NASDAQRDFN) — Condo prices are falling in major Florida and Texas metros as inventory piles up and buyers back off, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This comes as high HOA fees and insurance costs make condos a tough sell.

(NASDAQRDFN) — The monthly housing payment for the typical U.S. starter home that sold in July was $1,981, up 4.4% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That means homebuyers must earn $79,252 annually to afford the typical starter home, also up 4.4% year over year and just a few hundred dollars shy of last October’s all-time high.