Housing Market News
Affordability
The Five Most Affordable Places for Teachers to Buy a Home Are All in California
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.
How to Avoid Overpaying for a Home
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
The Trials of a 2021 Homebuyer: More Money, More Competition and More Home Tours
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
Jacksonville, Austin and Charlotte Led 13% Surge In Total U.S. Housing Market Value During Pandemic
The housing market has gained $4 trillion in value in the past year as cash-rich Americans have transferred their wealth from major hubs like San
Homebuyers on a $2,500 Monthly Budget Stand to Lose $23,250 in Spending Power as Mortgage Rates Rise from Record Lows
Forty-four percent of respondents to a recent Redfin survey said mortgage rates rising above 3.5% would have no impact on their homebuying plans. A homebuyer
Half of Homes In Seattle and Washington, D.C. Are In Economically Integrated Neighborhoods—a Bigger Share Than Other Major U.S. Cities
The two cities have relatively large proportions of households located in neighborhoods with about equal numbers of high-end and affordable homes—a dynamic that can promote
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
