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.
A Record 8% of U.S. Homes Are Worth At Least $1 Million
That’s nearly double the pre-pandemic share. The biggest jump was in Anaheim, where 55% of homes were worth $1 million or more in February, up
Homebuyers on a $2,000 Monthly Budget Stand to Lose $13,750 in Spending Power as Mortgage Rates Rise
Redfin economists predict mortgage rates will hit 3.9% by the end of the year. At that level, homebuyers could afford a $382,250 home on $2,000
The Value of Austin’s Housing Market Surged Nearly 40% in the Past Year—Twice as Fast as the U.S.
The total value of U.S. homes soared 19% year over year to $39 trillion in December, the largest gain that month since at least the
12% of First-Time Homebuyers Say Selling Crypto Helped Save for Down Payment, Up From 5% in 2019
Digital currencies are becoming an increasingly common payment method as millennials rush the housing market. One in nine first-time homebuyers (11.6%) surveyed in the fourth
Nearly Half of House Hunters Would Feel More Urgency to Buy If Mortgage Rates Passed 3.5%: Survey
Rising rates will likely drive up housing-market competition in the short term.
Supply of Affordable Homes Posts Record Gain as Mortgage Forbearance Ends
In the luxury market, demand remains strong but has cooled from its pandemic peak as a return to normalcy has affluent Americans spending their savings
