Tag Archives: Sheharyar Bokhari

Luxury prices and cash buyers hit a new high to close out 2023

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Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market. Continue reading →

Buyers need $7,200 more than in 2022 to afford ‘starter’ homes

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The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. “starter” home in 2023 — up 13 percent from a year ago, according to a report from Redfin. Continue reading →

Typical home down payment falls to 2-year low as concessions return

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The typical down payment for a homebuyer in the United States fell 10 percent between January 2022 and 2023, to $42,375, according to new data released Wednesday by Redfin. Continue reading →

Typical home down payment falls to 2-year low as concessions return

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The typical down payment for a homebuyer in the United States fell 10 percent between January 2022 and 2023, to $42,375, according to new data released Wednesday by Redfin. Continue reading →

The time a typical homeowner stays in one place just got a little shorter

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Migratory waves over the past three years due to the pandemic have caused homeownership tenure to decline modestly, but an uptick is expected thanks to a rise in mortgage rates, Redfin data shows. Continue reading →

Young renters’ inflation rate lower than general population: Study

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Gen Zers and millennials who signed new leases in December saw their cost of goods and services increase 5.6 percent and 6.1 percent, respectively, according to a new report by Redfin. Continue reading →

Pandemic-era boomtowns see steepest price growth slowdowns

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Median home price growth has slowed the fastest in Austin, Phoenix and San Jose, with fellow pandemic boomtowns Las Vegas and Boise also seeing significant slowdowns. Continue reading →