Tag Archives: Sheharyar Bokhari

According to Redfin, the typical starter home sold for an eye-watering record of $243,000 in June 2023, up 2.1% year-over-year and up 45% from before the pandemic.

Redfin reports that home listings and home sales have bounced back in Florida towns hit by Hurricane Ian last fall, a storm that caused between $41 billion and $70 billion in damage to the area.

A new analysis from Redfin has found that investors are selling homes nationwide at a loss, as elevated mortgage rates have curtailed homebuyer demand.

“Even though the length of time Americans are staying in their homes has ticked down from the peak it reached in 2020, it’s likely to head back up again in the next few years,” said Redfin Senior Economist Sheharyar Bokhari.

The share of homes investors are purchasing is slowing, with some cities seeing activity decrease by more than 60%.

Redfin reports investor home purchases dropped 30% in Q3 2022, the largest decline reported since the Great Recession aside from Q2 2020, at the outset of the pandemic.

A study by Redfin found that real estate investors acquired approximately 87,500 homes nationwide in Q2, a total that was up 11% quarter-over-quarter.

It’s no secret that the pandemic threw a wrench in the housing market upending traditional moving and migration patterns as those with the means fled crowded urban areas for the suburbs and beyond seeking less crowded and infected place with ...

The number of homes purchased by real estate investors in the first quarter declined 11.5% from Q4 of 2021 and 16.5% from Q3 of 2021, when investor purchases hit a record high, according to a new report from Redfin. Still, ...

Remote work has allowed more to migrate to the suburbs and rural locations, areas where homes with high fire risk are selling for an average of $120,000 more than in lower-risk areas.