From Our CEO
Jacksonville, Austin and Charlotte Led 13% Surge In Total U.S. Housing Market Value During Pandemic
The housing market has gained $4 trillion in value in the past year as cash-rich Americans have transferred their wealth from major hubs like San
Homebuyer Interest in Vacation Towns and Suburbs Has Soared Since the Pandemic Hit the U.S.
Remote workers seeking space for offices and a simpler lifestyle are searching for homes in places like Lake Tahoe, Santa Cruz and Cape Cod. Meanwhile,
Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners
But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000
Homebuyers on a $2,500 Monthly Budget Stand to Lose $23,250 in Spending Power as Mortgage Rates Rise from Record Lows
Forty-four percent of respondents to a recent Redfin survey said mortgage rates rising above 3.5% would have no impact on their homebuying plans. A homebuyer
Housing Market Update: Homes Sell Closer Than Ever to List Price as Average Sale-to-List Ratio Approaches 100%
Home sales were up 18% from 2020 and home price gains hit a new record of 16% despite widespread winter storms and rising mortgage rates.
Home Prices in Cities Rise 16%, Surpassing Suburban and Rural Price Growth For the First Time Since Pre-Pandemic
Houses, not condos, are driving renewed homebuyer interest in cities. Price per square foot for single-family homes inside city limits rose 16% year over year,
Jacksonville, Austin and Charlotte Led 13% Surge In Total U.S. Housing Market Value During Pandemic
The housing market has gained $4 trillion in value in the past year as cash-rich Americans have transferred their wealth from major hubs like San
Homebuyer Interest in Vacation Towns and Suburbs Has Soared Since the Pandemic Hit the U.S.
Remote workers seeking space for offices and a simpler lifestyle are searching for homes in places like Lake Tahoe, Santa Cruz and Cape Cod. Meanwhile,
Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners
But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000
Homebuyers on a $2,500 Monthly Budget Stand to Lose $23,250 in Spending Power as Mortgage Rates Rise from Record Lows
Forty-four percent of respondents to a recent Redfin survey said mortgage rates rising above 3.5% would have no impact on their homebuying plans. A homebuyer
Housing Market Update: Homes Sell Closer Than Ever to List Price as Average Sale-to-List Ratio Approaches 100%
Home sales were up 18% from 2020 and home price gains hit a new record of 16% despite widespread winter storms and rising mortgage rates.
Home Prices in Cities Rise 16%, Surpassing Suburban and Rural Price Growth For the First Time Since Pre-Pandemic
Houses, not condos, are driving renewed homebuyer interest in cities. Price per square foot for single-family homes inside city limits rose 16% year over year,
