Two Florida neighborhoods–Land O’ Lakes and Plant City–top Redfin’s list of this year’s hottest neighborhoods. Six of the top 10 are Midwest suburbs–a signal that homebuyers are chasing affordability without straying too far from big-city jobs and amenities. The New York City area still has pull, too, landing a pair of neighborhoods in the top […]
Home prices during the AI boom have surged far faster in the Bay Area’s luxury zip codes than its non luxury zip codes—a split not seen before the launch of GPT-3.5 or in other major U.S. metros. Luxury zip codes in the San Francisco Bay Area saw a 13.4% average jump in home prices in
Bay Area Luxury Home Prices Have Jumped 13% Since Launch of ChatGPT Read More »
Young Americans are more likely than older generations to support data centers in their backyards, according to a Redfin survey. AI data centers face more pushback than other proposed building types in neighborhoods, namely new apartments and multi-use complexes. AI data centers are viewed as controversial partly because some Americans believe they strain electricity and
Luxury home sales are surging in San Francisco, the epicenter of the AI boom, pushing the median sale price to the highest March level on record. Tight supply is another factor pushing up San Francisco’s luxury prices; active listings are down roughly 15% year over year. San Francisco’s luxury housing market is greatly outperforming the
San Francisco’s Luxury Home Sales Jump 22% As Median Price Nears $7M Read More »
More homeowners are putting their houses on the market, with new listings increasing for the second week in a row after five straight months of declines. U.S. pending home sales rose 2.7% year over year during the four weeks ending April 26, the biggest increase in six weeks. Mortgage-purchase applications have risen to their highest
Homebuying Demand Ticks Up, Mortgage Rates Tick Down Read More »
Salt Lake City is the U.S. metro where Gen Z adults own the highest share (3.6%) of homes with three or more bedrooms. Virginia Beach, VA (3%), Oklahoma City, OK (2.9%), Louisville, KY (2.7%) and Indianapolis (2.6%) round out the top five. Nationally, Gen Z adults own just 2.2% of three-plus-bedroom home stock. In comparison,
Room to Grow: Here’s Where Gen Zers Own the Largest Share of 3+ Bedroom Homes Read More »