Roughly 1 million more people moved out of than into U.S. metros with high risk from poor air quality in 2021-2022, while low risk metros saw 1 million more people move in than out. Some people are leaving risky areas because they’re worried about air quality, but many are moving because they’ve been priced out; […]
24% of LGBTQ+ renters are unlikely to buy a home due to lack of financial support from family/friends, compared with 14% of non LGBTQ+ renters, a Redfin survey found. LGBTQ+ homebuyers are more likely than non LGBTQ+ buyers to work a second job in order to come up with a down payment. 38% of LGBTQ+ […]
Originally published to Forbes on September 18, 2023. A recent study from PolicyGenius found that quoted homeowner’s insurance premiums increased by 21% nationally from May 2022 to May 2023. Florida experienced the largest jump with premiums increasing by 35%. The steep increases in homeowner’s insurance costs contribute to the already intractable housing affordability crisis, as homeowners […]
One in five LGBTQ+ respondents felt they were discriminated against because of their sexual orientation. Nearly one-third (32%) of Black Americans who recently moved believe they were discriminated against based on their ethnicity or race during their home search, and an additional 22% believe they may have been discriminated against. The share is even higher […]
Texas and Florida survey respondents are twice as likely to cite affordability as a factor in choosing where to live than alignment on social issues, which helps explain why so many people live in a place that’s out of sync with their views on abortion. Both states have been magnets for relocating homebuyers for the […]
The typical home purchased in high-opportunity U.S. neighborhoods went for $470,000 last year—$130,000 more than the typical home in low-opportunity areas. The price premium for opportunity is highest in segregated parts of the Midwest and South; in Detroit, homes in high-opportunity areas are nearly four times more expensive than those in low-opportunity areas. High-opportunity neighborhoods […]