Sheharyar Bokhari, Author at Redfin Real Estate News

Real-Estate Investors Bought a Record 18% of the U.S. Homes That Sold in the Third Quarter

November 15, 2021

Investors purchased a record $64 billion worth of homes as growing housing and rental prices boosted prospects for returns. Single-family homes made up nearly three-quarters of investor purchases—an all-time high. Low-priced properties represented 36% of investor purchases, the smallest share on record. Investors had the largest market share in Atlanta, Phoenix, Charlotte, Jacksonville and Miami,

Out-of-Towners Moving to Austin Spend $22,500 More on Homes Than Locals

July 26, 2021

Homebuyers who relocated to Austin during the pandemic paid an average of 7.8% above asking price, versus 3.7% above asking price for locals. This Redfin report analyzes the difference in homebuying finances between out-of-towners and locals in 11 popular migration destinations. The typical homebuyer moving to Austin from out of town buys a more expensive

Investor Home Purchases Hit Record, Surpassing Pre-Pandemic Levels

July 22, 2021

Investors took the housing market by storm in the second quarter—buying up $49 billion worth of homes—as surging property prices and rental demand created opportunities for hefty profits. Multifamily properties remain the most popular among investors, but single-family homes and condos are gaining steam. Relatively affordable metros including Phoenix and Miami, which have jumped in

More Than a Third of Utah Homes Face High Fire Risk—A Bigger Share Than Other Western States

June 30, 2021

39% of homes are in danger of burning in Utah—the country’s fastest growing state—compared with less than 10% in California, Washington and Oregon. In dollar terms, California has the most real estate in jeopardy, with $628 billion of homes facing high fire risk. In Utah—America’s fastest growing state—two of every five homes (39.4%) face high

Homes With High Flood Risk Are Selling for Nearly $50,000 More Than Low-Risk Homes as Pandemic Buyers Chase Waterfront Properties

June 9, 2021

The typical home with high flood risk sold for $402,010 in the first quarter—a 14% premium over the typical home with low flood risk. That’s double the premium we saw before the pandemic. The median sale price of homes with high flood risk was $402,010 in the first quarter, compared with $353,783 for homes with

Home Sales Exceed Pre-Pandemic Levels for the First Time as Mortgage Rates Hit Another Record Low

July 15, 2020

For the first time, home sales are higher than before the pandemic due to low mortgage rates. With low inventory, homes sell fast and prices rise.

Sheharyar Bokhari

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