The prospect of making a down payment and securing a mortgage became even more difficult for federal employees who have gone without a paycheck for the last five weeks and remain in financial limbo with the temporary reopening of the government. Roughly 800,000 federal workers around the country were either furloughed or working without pay
Sales of new homes in all four major US regions dropped in the last two months of 2018. The year-over-year trend was especially drastic in the Northeast, where new-home sales fell by 16.1 percent in December. Here’s a look at the annual drop in single-family new-home sales (seasonally adjusted) across the country in the final
Philadelphia and Baltimore feature heavily on this year’s ranking of the hottest affordable neighborhoods in the country. Every city has in-demand neighborhoods where buyers are clamoring to find homes. But with hotness comes price growth, which can make it difficult for the typical homebuyer to afford a home in the most popular parts of expensive
Many people are moving away from pricey coastal cities, but the ones that remain are searching for homes in high-priced pockets of already-expensive areas. The majority of Redfin’s 10 hottest neighborhoods of 2019 have a median sale price of more than $1,000,000—and the others aren’t far from the seven-figure mark. Redfin’s annual hottest neighborhoods report
As big tech companies open new offices outside Silicon Valley, the migration trend toward affordable cities is likely to continue. Apple’s recent announcement that it’s adding thousands of jobs in Austin is likely to heat up the housing market in the city, which was already the seventh most popular destination for people moving from one
Builders are lowering prices and offering complimentary upgrades and other incentives to lure Dallas-area buyers.
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