Housing Market News
Affordability
Bay Area Homebuyers Stand to Save Thousands on Monthly Payments Following Mortgage-Rate Decline
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
Buying a Home Just Got More Affordable for the First Time Since 2020
Buyers need to earn $115,000 to afford the typical U.S. home, down 1% year over year. That’s the first annual decline since 2020, thanks to
U.S. Home Prices Rose 0.5% in August, the Biggest Increase in 4 Months
Home prices grew 0.5% month over month in August, the fastest pace since April. On a year-over-year basis, home prices rose 6.7%, the smallest annual
Asking Rents Rose the Most in Over a Year in August, But Remain Below Record Highs Hit Two Years Earlier
The median asking rent climbed for the fifth consecutive month, up 0.9% year over year to $1,645. Rents dropped 17.9% in Austin—more than any other
The Typical College Grad in the Bay Area Can Afford Rent If They Have a Roommate. A Year Ago, They Couldn’t.
In San Jose, the typical recent grad would need to spend 28% of their income to rent the median priced 2 bedroom apartment with a
Florida and Texas Condo Supply is Piling Up As Sales Slow Amid High HOA, Insurance Costs
Condo inventory is soaring and pending sales are dropping in major Florida and Texas metros like Miami, Jacksonville, Austin and San Antonio, causing prices to
St. Louis, Chicago and Cleveland Are the Most Affordable Areas for Construction Workers to Buy Homes
We took a look at the most affordable places for construction workers to buy a home, along with the least affordable.
Millennials are Thriving—Personally and Professionally—in These Five Cities
Salt Lake City, Oklahoma City and Detroit Have among the Highest Rates of Millennial Homeownership and Business Ownership In many coastal metros, millennials have a
Here Come the Tech IPOs: Redfin Agents Say the San Francisco Housing Market Is Heating Back Up
Home prices in San Francisco fell year over year for two months straight, but Redfin agents predict this year’s tech IPOs will change that.
Here are the Most (And Least) Affordable Metros for a Baby’s First Year, Including the Cost of Upgrading From Two to Three Bedrooms
We took a look at the cost of additional bedrooms, combined with childcare, healthcare and other supplies, to find the most and least costly metros to have a baby.
Just 10% of Nashville Homes Are Affordable to Local Musicians, Down From 50% Five Years Ago
For musicians in Nashville, just 10% of homes are affordable. The city’s $500M commitment to affordable housing—along with a request for $250 million from the private sector—is aiming to change that.
In Charleston, 24% of Homes Are Affordable on a Teacher’s Salary, Down From More Than 50% Five Years Ago
We’ve taken a look at how housing affordability has changed for teachers in several South Carolina metro areas over the years as the group prepares to go on strike to demand higher wages.
