More than three-quarters of respondents report feeling happier after relocating. More than one-third (34%) of people who moved during the coronavirus pandemic live in a home where only one adult has a full-time job. By comparison, just 29% lived in a single-income household before the pandemic. That’s according to an August 2021 Redfin survey of […]
In the luxury market, demand remains strong but has cooled from its pandemic peak as a return to normalcy has affluent Americans spending their savings outside of the housing market. The supply of America’s most affordable homes for sale jumped a record 13% year over year in the third quarter as mortgage forbearance programs came
Supply of Affordable Homes Posts Record Gain as Mortgage Forbearance Ends Read More »
In the three years after major fires, home prices rise 21% in directly-hit areas on average, compared with 33% growth just outside of fire zones. Home purchases start to recover by year three after a fire, following a 43% plunge in the first year after the blaze. New-home construction surges nearly 600% after fires amid
Merced, CA—an agricultural hub hit hard by the Great Recession—topped the list of U.S. metro areas where teachers had relatively high disposable incomes in 2020. Another California metro, San Jose, was the least affordable place for teachers to buy homes. The five most affordable areas for teachers to purchase homes in 2020 were all located
The Five Most Affordable Places for Teachers to Buy a Home Are All in California Read More »
Three of the 10 most popular migration destinations in July were in the Sunshine State, which faces high risk from storms and rising sea levels. Nationwide, 30% of Redfin.com users looked to move to a new metro last month, a slight decline from the second quarter. Miami, Sacramento, Phoenix, Las Vegas and Tampa were the
Miami Has Seen Migration of Homebuyers Triple Since Last Year Read More »
Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest of the market. The median sale price of U.S. luxury homes jumped 25.8% year over year in the second quarter, while the median sale price of the country’s most affordable
Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest Read More »
