The fees that sellers pay to buyers’ agents are expected to decline as a federal legal battle ushers in a new era of transparency around real estate commissions. Some home-selling businesses have already started offering lower commission rates. Buyers also stand to benefit, as lower commissions can translate to lower home prices. The typical U.S. […]
An analysis of over 220,000 home sales across a 13-year period found no consistent relationship between the addition of low-income housing and changes in nearby home prices in 18 of the 26 metro areas studied. Construction of low-income housing developments has had no consistent impact on the sale prices of nearby homes, according to a […]
In order to solve the housing shortage, the Biden administration should spend its affordable housing budget outside of expensive California cities and focus instead on building housing in already affordable places like the Midwest and South. The U.S. currently faces a housing shortage of 2.5 million homes. The number of homes for sale is at […]
Amazon’s recent pledge aims to help address the housing affordability problem in certain areas. Even huge amounts of money–like Amazon’s commitment of $2 billion–will only have a minor impact on the share of families who spend more than 30% of their income on rent. The hot housing market is good for homeowners, but it also […]
Georgia had the sixth-biggest net inflow of any state in 2019, and affordable Atlanta is perennially one of the most popular destinations for Redfin.com users leaving expensive coastal areas. People moving to the Atlanta area from pricey, liberal metros like New York, Washington, D.C. and Los Angeles is likely one factor helping tilt Georgia blue […]
Home-value growth has accelerated in suburbs and flatlined in cities, and suburban housewives have become more rare. The American suburbs have become more racially and ethnically diverse and more Democratic over the last decade. To understand the changing demographics of the suburbs, we analyzed data from the U.S. Census, along with Redfin’s housing market data […]