Sebastian Sandoval-Olascoaga, Author at Redfin Real Estate News
Sebastian Sandoval-Olascoaga

Sebastian Sandoval-Olascoaga

Sebastian is a Ph.D. candidate in Urban Economics & Policy Analysis at MIT and the Summer ’21 Economist Intern at Redfin. At MIT, he focuses on understanding how the materialization of common or rare intense risks — i.e., shocks — affect the well-being of people, communities, and cities. His applied and theoretical work lies at the intersection of housing, climate change, health, and inequality.

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Most Recent

Homebuyers With Access to Flood-Risk Data Bid on Lower-Risk Homes

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.

More People Are Moving in Than Out of Places Experiencing Intense Drought

74% of U.S. metros with more than half of homes facing intense drought saw more people move in than out this year.  An estimated $17 trillion worth of homes (about 25 million properties) experienced intense drought in August, up 42% from a year earlier. There were 13 metros, including Las Vegas, Sacramento and Austin, where

A Growing Share of Home Listings Are Stale As Market Cools

A dearth of buyers and relatively few new listings are leading to an uptick in homes sitting on the market longer than a month. It’s giving buyers some breathing room while frustrating sellers. The share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July from

More People Are Moving In Than Out of Areas Facing High Risk From Climate Change

The U.S. counties with the largest share of homes facing high heat, drought, fire, flood and storm risk saw their populations grow from 2016-2020 due to migration. The counties with the smallest share of homes facing climate risk largely saw their populations decline. Relative affordability may be playing a role: Counties where many homes face

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