Housing Market News
Affordability
In Atlanta, Nearly Half of Homes For Sale Are Affordable on the Nation’s Median Income. In San Francisco? Less Than 1%.
Redfin’s new affordability tool allows users to visualize and compare housing affordability on different incomes and in different parts of the country. In the Atlanta
In Microsoft’s Hometown of Redmond, WA, Just 22% of Homes Are Affordable to Its Own Engineers—The Company’s Affordable Housing Pledge Could Help Change That
Microsoft’s $500 million commitment to affordable housing could help ease the Seattle area’s affordability crisis and make way for more diverse communities. When Microsoft announced
Football stadiums are expensive — what does that mean for affordable housing?
Super Bowl Sunday is almost here. If you are from Boston or Los Angeles, you may be psyched to see your city compete, and if
St. Louis, Pittsburgh and Columbus Are the Most Affordable Areas for Millennial Homebuyers
In some coastal areas, only a small portion of homes are affordable to the typical millennial—but in certain inland cities, nearly 90 percent of the
As the Number of Homes For Sale Increases, Fewer Homes are Affordable to Middle Class Buyers
Although the number of homes for sale is increasing rapidly in some markets, the number of affordable homes for sale is falling. We have written
A Typical Boston Homebuyer’s Monthly Housing Costs Jumped $225 Thanks to Mortgage Rate Hikes
Similar increases are common in many other markets, leading buyers to ask: “Should I wait and see if prices fall or buy before mortgage rates
There Are Now Only 5 Major Metros Where A Typical Luxury Home Costs Less Than $1 Million
The number of major metros where you can buy a luxury home for less than $1 million is down to five from eight last year.
The Income Needed to Afford a Home Declined For Seventh Straight Month in April
Homebuying affordability improved slightly in April because mortgage rates declined while incomes rose. Still, the income required to afford a home was $29,000 higher than
U.S. Home Prices Rose 0.2% in April
Improving homebuyer demand could fuel further price gains in the coming months. Montgomery County, PA saw the biggest price gain, followed by Cleveland and Nassau
America’s Housing Market Favors Buyers—But Their Advantage Is Finally Starting to Shrink
There were an estimated 47% more sellers than buyers in April, down from 48% the month before and a peak of 49% at the end
Bay Area Luxury Home Prices Have Jumped 13% Since Launch of ChatGPT
Home prices during the AI boom have surged far faster in the Bay Area’s luxury zip codes than its non luxury zip codes—a split not
Room to Grow: Here’s Where Gen Zers Own the Largest Share of 3+ Bedroom Homes
Salt Lake City is the U.S. metro where Gen Z adults own the highest share (3.6%) of homes with three or more bedrooms. Virginia Beach,
