Tag Archives: Daryl Fairweather

Redfin has found that one-third of homeowners have spent $5,000 or more to make their homes more resilient to climate risk, and 36% say they have an insurance policy covering flooding—a higher share than other climate risks.

A new analysis by Redfin has found that 62% of those planning to buy or sell a home are reluctant to relocate to a place at risk of natural disasters.

With mortgage rates hitting 14-year highs and inflationary woes lingering, high-end homebuyers are backing off from purchasing luxury homes nationwide, with a near 30% drop-off reported year-over-year.

Redfin reports that users who viewed homes with severe and/or extreme flood risk proceeded to bid on homes with 54% less risk after gaining access to flood-risk data.

For the first time since the housing market picked up after the pandemic, Redfin has reported that the average home has sold for less than its listing price as of August 28 in another sign of a housing market cooldown.  ...

Redfin reports homebuyers are relocating to climate risky areas, despite intensifying natural disasters, as homes with high fire and flood risk sold for a premium during the pandemic.

With costs continuing to rise and buyers increasingly priced out of their local markets, a Redfin report examines how long houses are remaining up for sale before purchase as a result.

Sellers are dropping their prices at a record rate, while mortgage rates drop following months of increases, offering a sense of relief for potential homebuyers.

Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in light of the rapid rate increase by the Federal Reserve in June.  ...

It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did in February.  According to Redfin, an online real estate brokerage, 65 percent ...