Eric Scharnhorst, Author at Redfin Real Estate News

Nearly Half of Minority Homebuyers in a 2016 Housing Market Survey Felt They May Have Been Discriminated Against When Trying to Buy a Home

February 22, 2017

These results come from a Redfin-commissioned survey conducted by SurveyGizmo in December 2016 that reached more than 3,000 people.

Mapping FHA Loans Shows Where Cities Need More Housing

January 31, 2017

In the hottest job markets, federal loan programs aren’t helping people land homes in the areas that are closest to the best jobs. Federal Housing Authority (FHA) borrowers are often working-class first-time homebuyers. In hot job markets, the supply of affordable homes close to work is so limited that FHA homebuyers chase affordability into neighborhoods

Have U.S. Cities Reached Peak Parking?

December 9, 2016

Key Findings Construction of residential parking spaces peaked in 2012. Builders will provide more housing and less parking across the U.S. next year as more cities start letting developers decide how much parking to build. Still Lots of Parking, But Dropping Fast Less parking will be built for 2017’s new homes than was built for

Facebook, Housing and Economic Opportunity

December 2, 2016

What happens when thousands of good jobs suddenly appear in your neighborhood, but you don’t have the skills to get hired? It’s as if a UFO full of money landed in your backyard, but the cash is locked in another dimension. Now imagine the backyard is Menlo Park, California and the UFO is Facebook’s headquarters.

Homeownership and Education: Highly Educated Households Are Not Immune to Homeownership Declines

October 4, 2016

The gap between the rates of homeownership among the most educated and the least educated widened between 1995 and 2005, and then held steady from 2005 to 2015. The portion of Americans who own their homes fell nationwide for all education levels over the last 10 years, even among the most educated households. High school

Working-Class Homeownership: Still Possible in Many Big U.S. Cities

August 31, 2016

Homebuyers in cities across the U.S. are saying affordability is their biggest concern as home prices rise and inventory shrinks. But there is some good news for working-class homebuyers. Across 40 large U.S. cities, 55 percent of homes for sale last month were affordable for a working-class household and still between two and four bedrooms

Eric Scharnhorst

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