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October 7, 2021
Redfin Chief Economist Daryl Fairweather presents on climate change and housing to members of the Federal Reserve, US Treasury, FDIC, SEC, CFTC, CFPB, FHFA, NCUA, NAIC, CSBS, NASAA, Treasury, New York Fed, FSOC, and OFR.
October 6, 2021
In the three years after major fires, home prices rise 21% in directly-hit areas on average, compared with 33% growth just outside of fire zones. Home purchases start to recover by year three after a fire, following a 43% plunge in the first year after the blaze. New-home construction surges nearly 600% after fires amid …
Home Prices Grow at Much Slower Rate in Towns Burned by California’s Most Destructive Wildfires
August 25, 2021
The U.S. counties with the largest share of homes facing high heat, drought, fire, flood and storm risk saw their populations grow from 2016-2020 due to migration. The counties with the smallest share of homes facing climate risk largely saw their populations decline. Relative affordability may be playing a role: Counties where many homes face …
More People Are Moving In Than Out of Areas Facing High Risk From Climate Change
July 29, 2021
Ending the national eviction will have a different impact in different states, with some positive outcomes, like an increase in homes available for rent or for sale and dire ones like increased homelessness. Getting rental assistance payments out to tenants at risk of eviction is critical, especially in states like South Carolina, which halted most …
South Carolina Could See a 10% Increase in Rental Vacancies When Eviction Moratorium Ends
July 12, 2021
More than half of Hispanic homeowners have lived with family without paying rent to help make housing payments, versus 38% of white homeowners. That familial support is one reason for the rising Hispanic homeownership rate. Hispanic homeowners in the U.S. are more likely than people of other races or ethnicities to receive financial help making …
Hispanic Homeowners More Likely to Receive Financial Help Buying a Home: Redfin Survey
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 …
More Than a Third of Utah Homes Face High Fire Risk—A Bigger Share Than Other Western States