An additional 30% of baby boomers who own their home say they’ll hold onto it for at least a decade. One-third (33.5%) of baby boomers who own their home say they’ll never sell, according to a recent Redfin-commissioned survey. Another 30% say they’ll sell their home at some point, but not within the next decade. […]
1 in 3 Baby Boomers Say They’ll Never Sell Their Home Read More »
The typical U.S. homebuyer puts 15% down, essentially unchanged from 15.1% last year. FHA and VA loans are becoming more common as the housing market tilts toward buyers. Just over 15% of mortgaged homebuyers use an FHA loan, and just over 7% use a VA loan, up from last year. 31% of buyers are paying
Pending home sales are down 1% year over year while new listings are still rising, giving buyers negotiating power. Just over 28% of U.S. homes are selling above the asking price, down from 32% a year earlier. That’s the lowest level for this time of year since 2020, when the start of the pandemic ground
Just 28% of Homes Are Selling Above Asking Price, The Lowest Springtime Level Since 2020 Read More »
The number of major metros where you can buy a luxury home for less than $1 million has shrunk from 30 to seven since 2020. Detroit is the most affordable metro for luxury homes, with a median price of $753,851—44.1% less than the typical luxury home nationwide. San Francisco is the most expensive, with a
In recognition of National Homeownership Month, we’re looking at how Americans feel about their homes, and what they go through to buy one. Most homeowners have warm feelings about their home, with nearly 70% saying their home is a reflection of who they are, according to a recent Redfin survey. Saving directly from paychecks is
3 in 4 U.S. Homeowners Would Rather Be Home Than Anywhere Else Read More »
Many prospective homebuyers are sidelined by near-record costs and economic uncertainty, creating a buyer’s market in many parts of the country. That’s deterring some would-be sellers. New listings of U.S. homes for sale rose 6.3% year over year during the four weeks ending June 1, one of the smallest increases of the last three months.
Some Would-Be Home Sellers Are Stepping Back As Market Tilts Toward Buyers Read More »
