Bill Gates Could Buy All 114,212 Homes in Boston, but Couldn’t Afford Seattle; the Walton Family of Wal-Mart Could Buy All of Seattle, Dallas, Miami, Las Vegas or Washington, D.C. Just how rich is Bill Gates? According to Forbes, he’s the world’s richest person and is worth $77.5 billion. But that kind of wealth is
In 17 of the largest U.S. cities, 32 percent of homes purchased so far in 2014 were paid for with all cash. All-cash purchases have been at this level – or even higher – since 2011. The rise in all-cash purchases began in 2007 as the housing bubble popped, and cash purchases accounted for nearly
Over Half of Homeowners are Not Currently In a Financial Position to Sell From Austin to Boston to Chicago, low inventory continues to be a key point of frustration in the housing market. Buyers don’t see enough options, sellers are afraid to list without having a new home and agents anticipate another competitive season. How
A family with two middle-class incomes can’t afford a median-priced home in most of the largest U.S. cities, according to a Redfin analysis of affordability based on list prices and median incomes. Home prices, which have seen two straight years of 13 percent increases, are rising again.
No Homes in San Francisco within Reach for Teachers UPDATE: A refreshed version of this report, including an updated methodology, the most current salary and property information as well as historical analysis is now available to view here. Teachers help form the foundation for strong, local communities, yet just 17 percent of homes for
As we usher in the new real estate season at Redfin, a big question on our minds is: Which neighborhoods will be the darlings of 2014? In search of answers, we went to our website users, tallying hundreds of millions of pages they visited and homes they added as Favorites to monitor for price changes
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