UPDATE (13:00 EST Wednesday): The White House issued a new memo on Wednesday, rescinding its Monday order. Press Secretary Karoline Leavitt said the latest memo was not a rescission of the government spending freeze, just a rescission of the Monday memo. “The Executive Orders issued by the President on funding reviews remain in full force […]
37% of home purchases made by people 65+ occur in counties with high risk of extreme heat, compared with 32% of purchases made by people under 35. The same trend holds true for flood and fire risk. Nearly all homes (96%) face high heat risk in the counties where 65+ buyers take out the largest […]
President-elect Donald Trump’s incoming administration plans to “seal the border” and deport millions of undocumented migrants from the United States, starting in 2025. The housing market relies on immigrants as part of the construction labor force and could be impacted by the deportations, depending on the size and scale of the operation. Immigrants make up […]
This year marked the first time since 2010 that low-risk homes across three major climate categories—heat, fire and flood—gained value faster than high-risk homes. That may be a sign Americans are growing more responsive to natural disasters. Still, high-risk homes are much more valuable than they were before the pandemic. Homes facing low risk from […]
Buyer’s agent commissions for closed home sales in October were 2.34% compared to 2.35% in August, when industry-wide changes were implemented following the NAR settlement. It’s too soon to say if the trend since August is a departure from the long-term trend of falling commissions. Commissions for homes listed under $500,000 have risen slightly since […]
Two in five (40.8%) Florida residents have set aside funds for home repairs relating to unpredictable events caused by climate change. That’s according to a Redfin-commissioned survey conducted by Ipsos Sept. 11-25, 2024. The survey was fielded to 1,802 U.S. residents aged 18-65, 152 of whom indicated that they live in Florida. This report focuses […]