Housing Market News
Affordability
In Detroit, a Family Needs to Earn $27,000 to Afford the Typical Home. In San Francisco, It’s More Than $265,000.
In San Francisco, a family needs to earn more than $265,000 to afford a median-priced home. See how other metros stack up.
Prices for the Most Affordable U.S. Homes Up 9% in June
But in San Jose and Orange County, two of the most expensive markets in the U.S., prices for the most affordable homes are falling.
One in 10 Millennial Homebuyers Say They’ll Rely on Parents for Mortgage Help, Down From 17% Last Year
In only eight months, millennial homebuyers plan to rely less on their family to afford their mortgage
Here’s How Many Affordable Homes Could Be Purchased For $238 Million–The Price of Most Expensive U.S. Home Ever Sold
A New York City penthouse broke records selling for $238M, which is equivalent to purchasing just about every single affordable house on the market in Deltona, Fl, or half of all homes on the market.
It’s Not All About Demand: Home Prices are Sky-High Where It’s Most Difficult and Most Expensive to Acquire and Develop Land
In expensive coastal metros like San Jose, the value of land accounts for more than half of the typical home’s value, far more than it does in inland areas.
Here are the Most (And Least) Affordable Metros for Getting Married and Buying a Home in the Same Year
If you’re torn between spending your wedding budget on a party or a down payment, our data compares the national average wedding cost with the median home list price and average down payments.
California Fails the Affordability Test for Teachers
17 percent of California homes for sale are affordable on the average teacher salary
Affordability Is Homebuyers’ Biggest Concern, Particularly Among Millennials
A Redfin survey of more than 1,800 buyers revealed that many were driven to the market by high rent, even as homebuyers’ biggest concern was affordability.
Homebuyers’ Biggest Worries Are Cost and Competition
A Redfin survey finds that high prices, bidding wars, and an expensive rental market are top-of-mind for homebuyers this spring.
Mortgage Rates Are Low, So Why Aren’t Homes Affordable? The Conundrum of Cheap Money
It’s never been cheaper to borrow money. That’s made homeownership more affordable, but not nearly as much as you’d think.
Student Debt And Millennial Homeowners—Maybe They Can Live Together After All
The numbers challenge conventional wisdom that college grads with loans aren’t buying houses
One in Four Homebuyers Cites High Rent as Reason for Buying
One in four homebuyers is looking to purchase because their rent is too high, according to a Redfin survey of 750 homebuyers this month. That’s
