Originally published to Forbes on May 18, 2023. Natural disasters like hurricanes and snowstorms tend to temporarily halt housing market activity in affected areas. If the United States breaches the debt ceiling, it would hit the housing market like a natural disaster. Whenever there is a major weather event, like a hurricane or snowstorm, the
Redfin users who viewed homes with severe and/or extreme flood risk prior to a Redfin experiment proceeded to bid on homes with 54% less risk after gaining access to risk data. Redfin users in flood-prone Cape Coral, FL, Houston and Baton Rouge, LA were most likely to click into the flood-risk section within home listings.
It all comes down to supply and demand. For the first time since the 1980s, Americans are dealing with 8%+ inflation in consumer prices. American homebuyers, however, have been dealing with inflation since 2012. The typical home costs double what it did in 2012, but the typical worker is only earning 35% more. There are
Black real estate wealth hit a record high in 2021– here is why I am hopeful it will continue to rise during this decade Black real estate wealth–the total value of homes owned by Black people in America–rose 28.9% year over year to a record high of $2.2 trillion in the third quarter of 2021,
Higher mortgage rates will end double-digit price growth and new listings will hit a 10-year high Editor’s note: After two of the least predictable years in housing history, we predict that 2022 will be just as unpredictable. But we wouldn’t leave you hanging like that, so Redfin Chief Economist Daryl Fairweather shares below her 10
Redfin Chief Economist Daryl Fairweather presents on climate change and housing to members of the Federal Reserve, US Treasury, FDIC, SEC, CFTC, CFPB, FHFA, NCUA, NAIC, CSBS, NASAA, Treasury, New York Fed, FSOC, and OFR.
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