Dana Anderson, Author at Redfin Real Estate News

Redfin Advises Listing Sooner Rather Than Later, Pricing Slightly Below Recent Comps & Other Home-Selling Tips For a Changing Market

June 2, 2022

Redfin experts share home-selling strategies as mortgage rates rise and homebuyer demand falls. Price your home slightly lower than similar homes that sold recently in your neighborhood. Remember that buyers are sensitive to rising rates. List as soon as possible. Make small repairs and stage your home. If you price your home right, you’ll find

Austin, Raleigh and Other Popular Sun Belt Metros Lead the Nation in Homebuilding

May 27, 2022

The 10 metros building the most single-family homes are all located in the Sun Belt, where home prices have skyrocketed as people move in from other parts of the country. Some of those same Sun Belt locales are also putting up the most multifamily properties, but northern metros including Seattle and Minneapolis are building a

Here Are Eight U.S. Migration Hotspots Where Homes Are Still Relatively Affordable

May 23, 2022

As a record share of homebuyers move to different parts of the country, prices in popular destinations like Miami and Phoenix have shot up. But buyers can still turn to hotspots like Virginia Beach, San Antonio and Bakersfield to find homes priced below the national median. Thirty-two percent of homebuyers nationwide looked to move to

Just 45% of Black Families Own Their Home, Compared With 74% of White Families–And the Gap Has Hardly Narrowed Over the Last Decade

May 17, 2022

The homeownership rates for both Black and white families rose slightly over the last 10 years, with part of the increase taking place during the pandemic. The racial homeownership gap persists. The homeownership rate for Black families rose only slightly over the last decade, with part of the increase taking place during the pandemic–but it

Demand For Second Homes Is Way Down From Last Year’s Boom

May 13, 2022

Sky-high prices, loan-fee increases and financial-market weakness are putting a dent in demand for vacation homes, which soared during the pandemic. There’s still more demand for second homes than there was before the pandemic. Demand for vacation homes is way down after last year’s pandemic-driven boom. Mortgage-rate locks for second homes were up 9.1% from

Migration Hotspots in the Sun Belt Are Home to the Nation’s Highest Inflation Rates

May 3, 2022

An influx of people moving into Phoenix, Tampa and Atlanta has led to rapidly rising home prices, one contributor to outsized inflation in those areas. Those Sun Belt metros are still relatively affordable, but scores of new residents and high inflation means the financial benefit of living there is diminishing. Some of the hottest migration

Dana Anderson

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