With 42% of homebuyers paying more than list price and nearly two-thirds of offers facing bidding wars, it’s easy to get swept up in this frenzied housing market. As a homebuyer, it can be difficult to know when you are at risk of overpaying for a home or when to walk away. And it is […]
How to Avoid Overpaying for a Home Read More »
Plus, nearly two-thirds of U.S. homeowners have spent money to protect their homes against climate risks, with over one-third investing $5,000 or more. Extreme temperatures and flooding are among the top concerns. One in five Americans (21%) believes the increasing frequency or intensity of natural disasters, extreme temperatures and/or rising sea levels are hurting home
1 in 5 Americans Believes Climate Change Is Hurting Home Values In Their Area: Survey Read More »
Phoenix is the most popular destination for Redfin.com users looking to move away from expensive coastal cities. Some out-of-town buyers are shifting their search from Texas to Arizona after recent winter storms. Nationwide, 31.2% of Redfin.com users looked to move to a different metro in January and February, up from 26.1% during the same time
A red-hot real estate market has forced house hunters to step up their game. Buyers are making bigger down payments, offering above asking prices, waiving more contingencies and going on additional home tours in order to compete during the pandemic. Remote work and low mortgage rates have prompted scores of Americans to buy homes during
The Trials of a 2021 Homebuyer: More Money, More Competition and More Home Tours Read More »
The newly enacted child tax credit has the potential to reduce the number of rent-burdened households with children by nearly 9%. The newly enacted child tax credit, which will put an average of $221 per month into the pockets of families earning $150,000 or less with children, would make housing go from unaffordable to affordable
Redfin’s migration affordability calculator shows that a move from Seattle to Phoenix would yield $12,000 more in annual disposable income for the typical tech worker, but they would break even if they were to take a 10% pay cut. The typical remote-tech worker who moves from San Francisco to Las Vegas and keeps their job
