Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs.
Redfin’s Chief Economist, Daryl Fairweather, answers consumer questions about the COVID-19 outbreak and the real estate market.
Spokane, Las Vegas, Charlotte, and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are …
Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries Read More »
Lower interest rates beat out tax credits, easier lending standards, and increased home construction according to a new Redfin survey Interest rates are currently at historic lows, but 66% of first-time homebuyers would like them to be even lower according to a new survey conducted by Redfin. The three most popular government actions among first-time …
Survey: What Do First-Time Homebuyers Want From the Government? Lower Interest Rates Read More »
From a city with a 161% median home price increase to one with 77% fewer homes for sale, U.S. metros have experienced dramatic housing shifts since 2010 The U.S. housing market is ending the decade in a vastly different place than it began. In 2010, the market was in the middle of its greatest downturn …
Housing Markets That Changed the Most This Decade Read More »
