In Denver and Seattle, families pay nearly as much for daycare as they do for rent–and they pay much more for daycare than rent if it’s for two children. The average monthly cost of sending one child to daycare in Denver is $1,434, equal to 83% of the typical rent payment ($1,720) in that metro […]
Sending 2 Kids to Daycare Costs More Than Rent in Most Major U.S. Metros Read More »
Monthly mortgage payments are declining in some parts of the country as homebuying demand slows amid widespread economic uncertainty. The silver lining for buyers in those places: They have some negotiating power. Monthly mortgage payments are declining in 12 of the 50 most populous U.S. metro areas, half of them in Florida or Texas. The
The $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020. Market dynamics have shifted in favor of buyers, but sellers have been slow to adjust, which is why list and sale prices are diverging. The prices home sellers are asking for and the prices homebuyers are paying
The Typical Home Seller Wants $39,000 More Than the Typical Buyer Is Willing to Pay Read More »
More sellers are offering concessions as rising housing costs and economic uncertainty make buyers nervous, and housing supply hits a five-year high. In Seattle, 71% of sellers are giving concessions–the highest rate among the metros Redfin analyzed and nearly double the share from a year ago. Economic jitters are also prompting some buyers to back
Nearly one in four U.S. residents are canceling plans to make a major purchase, such as buying a home or car, because of President Trump’s tariff policies, according to a Redfin survey. 55% of respondents are less likely to make a major purchase this year, including 39% who are “much less likely.” More than a
The typical home that went under contract in March sat on the market for 47 days. Homes sold over twice that fast during the pandemic homebuying frenzy. Homes are taking longer to sell because many are overpriced and demand is sluggish. Plus, sellers are competing with each other—the supply of homes for sale hit a
U.S. Homes Are Selling at the Slowest Pace in 6 Years Read More »
