Housing Market News
Affordability
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.
Monthly Mortgage Payments Are Falling in 12 of the 50 Most Populous U.S. Metros, Mostly in the Bay Area, Florida and Texas
Monthly mortgage payments are declining in some parts of the country as homebuying demand slows amid widespread economic uncertainty. The silver lining for buyers in
The Typical Home Seller Wants $39,000 More Than the Typical Buyer Is Willing to Pay
The $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020. Market dynamics have shifted in favor of
U.S. Home Prices Ticked Up 0.2% in March, the Slowest Pace Since 2022
Home prices ticked up 0.2% month over month in March, the slowest pace since December 2022. On a year-over-year basis, home prices rose 4.6%, down
44% of Home Sellers Are Giving Concessions to Buyers—Just Shy of the Highest Level on Record
More sellers are offering concessions as rising housing costs and economic uncertainty make buyers nervous, and housing supply hits a five-year high. In Seattle, 71%
Homebuyers Need to Earn Over $50,000 More Than Renters to Afford Monthly Payments—And the Gap Is Widening
Americans need an annual income of $117,000 to afford the typical home for sale. That’s 82% more than they need for the typical rental, up
1 in 5 Homebuyers Expect to Sell Stocks to Fund Down Payment: Redfin Survey
Homebuyers are more likely than renters to use stock investments to pay for housing, according to a Redfin survey. With stock values dropping, would-be homebuyers
