24% of LGBTQ+ renters are unlikely to buy a home due to lack of financial support from family/friends, compared with 14% of non LGBTQ+ renters, a Redfin survey found. LGBTQ+ homebuyers are more likely than non LGBTQ+ buyers to work a second job in order to come up with a down payment. 38% of LGBTQ+
Some homebuyers got cold feet as mortgage rates hit the highest level in over two decades and prices continued to rise, but buyer demand and new listings have stabilized following months of declines. Residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker
Return-to-office mandates are forcing some people to choose between selling their home at a loss or losing their job. Roughly 20% of surveyed sellers say they’re moving due to safety/crime concerns, a desire to live somewhere more aligned with their social views and/or lower taxes. About 10% of respondents cite discrimination in their neighborhood and/or
The median asking rent in August was $2,052, just $2 below the record high set a year earlier. Instead of taking a haircut on rents, some landlords are throwing in one-time concessions to attract renters as vacancies rise. The median U.S. asking rent in August was $2,052, just $2 below (-0.1%) the record high set
San Francisco home sellers are four times more likely than the average U.S. home seller to take a loss, as the Bay Area metro reels from an outsized drop in home prices. The typical San Francisco seller who takes a loss sells their home for $100,000 less than they bought it for. Roughly one of
Pending sales have stabilized following months of steep declines, but homebuyer demand remains below pre-pandemic levels as house hunters grapple with elevated mortgage rates, high prices and a lack of supply. Pending home sales inched up in July—rising 0.7% from a month earlier to the highest level since the start of the year on a
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