32% of surveyed renters say housing affordability is a top-three issue when it comes to deciding which presidential candidate they’ll support. That compares with 17% of homeowners. The economy, inflation and health care are the most common top-three issues for survey respondents as a whole. 52% of surveyed homeowners say they’re better off financially than […]
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
41% of Florida Residents Have Money Set Aside for Climate-Related Repairs: Survey Read More »
The median asking rent rose 0.6% year over year in September to $1,634, but was down 0.2% month over month. Washington, D.C. recorded the biggest rent increase, while Jacksonville posted the biggest decrease. Rents dropped slightly across all bedroom counts for the second time in three months. The typical U.S. asking rent ticked up 0.6%
Asking Rents Tick Up 0.6%, With East Coast and Midwest Metros Posting Biggest Increases Read More »
Roughly half of surveyed renters think Kamala Harris would be the best choice to make housing more affordable, while about one-third think Donald Trump would be best. Renters skew Democratic because many of them are young and live in cities. The president can’t solve the housing affordability crisis on their own; it will take a
Trump vs Harris: Renters Debate Who Is Better for Housing Affordability Read More »
Buyers need to earn $77,000 to afford the typical U.S. starter home, down 0.4% year over year. That’s the first annual decline since 2020 thanks to falling mortgage rates, which recently posted the first annual decline in three years. The typical household earns $84,000—9% more than they need to afford the typical starter home. Still,
Buying a Starter Home Is Now Cheaper Than It Was a Year Ago Read More »
Mortgage rates have fallen to 6.1% from over 7% in the spring, pushing housing payments down by thousands of dollars in the Bay Area and hundreds of dollars in most other major metros. Redfin economists recommend house hunters who have been waiting for costs to decline jump in now, as mortgage rates are unlikely to
