57% of homes in San Francisco sold above their list price in February, up from 50% a year earlier—the biggest jump among the top 50 metros. Homebuyer competition slowed fastest in Southern California; over half of homes in San Diego sold for below their list price, compared with just 42% a year earlier. Eight of […]
Big City Comeback: Homebuyer Competition Is Rising Fastest in the Bay Area, New York Read More »
New York and Los Angeles are the only metro areas where the majority of households rent. Renting is least common in Cape Coral, FL and Dayton, OH. Roughly three-quarters of major metros have seen an increase in wealthy renters since 2019, another recent Redfin analysis found. The number of renter households in America increased 0.8%
America’s Renter Population Grew 1% in the Fourth Quarter Read More »
Home prices grew 0.4% month over month in February, the slowest pace since July 2024. On a year-over-year basis, home prices rose 5.1%. It was the 10th consecutive month that annual growth had slowed. Eight of the 50 most populous U.S. metros—nearly all in Florida and Texas—recorded a drop in home prices year over year,
U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July Read More »
The combined net worth of America’s wealthiest 1% has grown to a record $49.2 trillion, almost the same as the combined value of all the homes in the U.S. Real estate makes up 12.3% of the net worth of the top 1%, compared to 46.4% of the net worth of the bottom 50%. The top
America’s Wealthiest 1% Could Buy 99% of America’s Homes Read More »
Affluent renters have become more common in 35 of the 50 most populous U.S. metros since 2019, with Raleigh and Orlando seeing the biggest upticks. Homebuying costs skyrocketed in the Sun Belt during the pandemic—one reason some wealthy Americans are opting to rent and invest their money in places other than real estate. But the
The Rise of the Rich Renter Read More »
Atlanta, Las Vegas, Houston and parts of Florida are seeing the highest share of deals falling through, with supply piling up in those areas. Los Angeles is among the metro areas with the biggest increase in cancelled sales, due largely to January’s devastating wildfires. More home purchases are being canceled, especially in the southeastern part
