We predict the housing market will be more competitive in 2020 as the cooldown that began in the second half of 2018 comes to an end. Charleston and Charlotte will lead the nation in home-price gains, thanks to homebuyers moving in from expensive cities. Hispanic Americans will experience the biggest gains in home equity wealth.
Chief economist, Daryl Fairweather, provides answers to frequently asked questions about how a recession could impact housing.
Homeowners are Staying in Their Homes Five Years Longer Compared to 2010, Leaving First-Time Homebuyers with Fewer Options
In Dallas, the typical homeowner has been in their home for 22 years, up from 13 years in 2010 The typical American homeowner in 2019 had spent 13 years in their home, up from eight years in 2010. Median home tenure increased in all of the 55 metros Redfin analyzed. In Salt Lake City, Houston,
Nearly half of respondents said rising home prices over the past decade have made their life worse, while just 16% said rising home prices made their life better. As cities across the country grapple with an ongoing housing affordability crisis, solutions in the form of policy proposals have become a topic of local and national
Tech Companies Want to Improve Housing Affordability — Which May be Just as Much a Business Strategy as a Community Initiative
Tech companies like Google are committing to build more housing for their employees and neighbors. That could help housing affordability, but it could also ease employers’ recruitment costs. The nation’s largest companies, including Google, Microsoft and Facebook, have pledged billions of dollars to create affordable housing near their campuses, acknowledging their part in the
2020 Presidential Candidates want to make housing more affordable, but only Andrew Yang has proposed a policy that would make it easier for Americans to move to metros that already have affordable housing In expensive metros like New York, San Francisco and Los Angeles, home prices have risen so much in the last decade