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

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

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

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

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

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

Square footage in suburban homes now worth more than in cities

The typical home in a suburban neighborhood was worth $206 per square foot during the four weeks ending Sept. 25, just above the typical urban home which was worth $205 per square foot, according to Redfin. Continue reading

Millennial and Gen Z renters are getting walloped by inflation: Study

Gen Z and millennial renters who took on a new lease in July have personal inflation rates of 11.6 percent year over year, according to a new analysis by Redfin released Thursday. Continue reading

‘Overvalued’ Western markets see biggest share of price reductions

Despite national growth in sale prices, these markets that saw spikes in popularity and price over the past two years are starting to see the most price reductions, data shows.  Continue reading

Are sellers aiming too high? Price cuts abound throughout the US

More sellers dropped their asking prices in June almost everywhere in the U.S. In some places, more than half of homes for sale saw a cut. Continue reading

Real estate investors bought record-breaking number of homes in Q3

Investors purchased a record 18.2 percent of U.S. homes, amounting to a new high of $63.6 billion in homes during the third quarter of 2021, according to a new Redfin analysis released Monday. Continue reading