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.
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
