Nationally, sellers outnumber buyers by 43%—just shy of the largest gap in records dating back to 2013. When sellers outnumber buyers, the buyers who are in the market have bargaining power. 38 of the most populous metro areas were buyer’s markets in March, up from 29 a year earlier. Just five were seller’s markets, down […]
Homebuyers Hold the Negotiating Power In 38 Major Metros, Up From 29 Last Year Read More »
About two-thirds of homeowners who recently made renovations chose to upgrade their home instead of moving to a new place, per a recent Redfin survey. Within this group of homeowners, millennials and Gen Zers are more likely than older people to remodel instead of move. Most homeowners who renovated in the last year spent less
U.S. Homeowners Are Remodeling Instead of Relocating Read More »
The median sale price in the Bay Area metro rose 14% year over year in March, compared with a 1% gain nationwide. That helped San Francisco reclaim its title as the most expensive major metro to buy a home. Nationally, the housing market remained sluggish as high costs and economic uncertainty gave buyers and sellers
San Francisco Home Prices Jump Most in 8 Years Amid AI Boom Read More »
Chris Martin, a senior economist on Glassdoor’s economic research team, also provided data and analysis for this report. From higher starting salaries to affordable starter homes, some cities give young people a serious leg up. From Omaha to Anchorage to Hilton Head Island, here are the standout big, medium, and small cities for recent college
From Nebraska to Alaska: Redfin and Glassdoor Rank the Top U.S. Cities For New Grads Read More »
February home sellers who cut their price lowered it by $41,000, on average, or 7.3%. Home sellers in Texas and Florida were most likely to make price cuts, while sellers in the Bay Area were least likely. More than one-third (34.2%) of February home sellers lowered their list price. That’s up from 31.5% a year
A Record 34% of February Home Sellers Cut Their List Price Read More »
Empty-nest baby boomers own many more 3-bedroom-plus U.S. homes than younger families raising children, underscoring a mismatch between who has space and who needs it. Millennials with kids are facing both affordability and inventory challenges–but at the same time, baby boomers have little financial incentive to move–and there’s limited inventory of reasonably priced, small, one-story
