Seventy percent of Florida homeowners — or the area in which they live — have been impacted by changes to cost or coverage of home insurance in the last year, according to a report issued Wednesday by Redfin. Continue reading
Thirty-eight percent of renters don’t believe they will ever own a home — up from 27 percent less than a year ago, according to Redfin. Continue reading
As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales. Continue reading
Falling home prices and mortgage rates are on tap for buyers and sellers — not to mention a presidential election that could hinge on housing issues, according to Redfin’s outlook for 2024. Continue reading
Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers. Continue reading
In-office requirements are an emerging factor in the real estate market, with fewer and fewer companies willing to accommodate remote work, according to a new report by Redfin. Continue reading
Pending home sales rose 0.7 percent from June to July, reversing seven months of declines. However, rising rates and home prices are poised to stifle sales growth into the fall, Redfin said. Continue reading
Migration into flood- and wildfire-prone counties has more than doubled since the COVID-19 pandemic began, according to a Redfin analysis of domestic migration data released Monday. Continue reading
Undeterred by elevated mortgage rates, homebuyers battling over scant inventory pushed June’s median sales price to the second-highest level in history, according to new data released Monday by Redfin. Continue reading
Three leading economists share what’s ahead for the summer, from sellers’ continued struggles with mortgage rates to the resurgence of bidding wars and the gift of new-home sales. Continue reading