Tag Archives: Redfin

The tech hub of Austin, Texas, has been a beacon of migration during the pandemic, but tastes are changing, leading to Nashville becoming a destination hotspot for the first time since 2021.

On the one hand, new listings are up year-over-year. On the other, buyers are entering the market in droves, offsetting gains. Click through for more on Redfin’s most recent Market Report.

Redfin reports that home investors purchased 15.9% of the U.S. homes sold in Q3, with the typical investment home priced at $475,115, up slightly from $449,895 in Q3 of 2022.

With mortgage rates plummeting 26 basis points week-over-week, Redfin reports that buyers may have a limited amount of time to take advantage. The average rate now sits at its lowest level since mid-September … but for how long?

A new Redfin report revealed the share of rental vacancies has increased as more inventory enters the market, causing median asking rents to flatten nationwide from their record high reached in August 2022.

“Affluent Americans are the only ones who can avoid the sting of high mortgage rates; plus, they’re spending less on housing and keeping more money in the bank because they’re avoiding interest payments,” said Redfin Senior Economist Sheharyar Bokhari.

Redfin reports that many home sellers are getting just two or three offers as opposed to the 20 that were common at the pinnacle of the market. Find out what percentage of homes for sale posted a price drop during the past month.

While housing affordability and competition tighten across the U.S., three cities in the Big Apple are among the nation’s fastest housing markets, according to a new report from Redfin. Click through to learn which NY regions are having homes fly off the market.

Could this be the slowest home sales year in nearly 15 years? Click through to learn the factors that have been keeping buyers "in a bind all year.”

It’s no secret that would-be homeowners have been struggling against headwinds of home prices and inflation, but just how much does a typical person need to make to afford a home right now? A new report shines a spotlight on the modern homebuyer’s struggle.