Housing Market News
Affordability
Is Seattle Getting Richer or Poorer?
Seattle is getting richer. New money, old news. And lately it’s been good news for a lot of Seattle families.
An Attorney, a Janitor and a Mail Carrier Walk into a Bar – Where Are They?
Redfin found America’s most affordable neighborhoods, its most exclusive neighborhoods, and those rarest neighborhoods of all, the ones that are most economically integrated.
Which Billionaire Could Buy Your City?
Bill Gates Could Buy All 114,212 Homes in Boston, but Couldn’t Afford Seattle; the Walton Family of Wal-Mart Could Buy All of Seattle, Dallas, Miami,
Two Middle-Class Incomes Don’t Add Up To a Home
A family with two middle-class incomes can’t afford a median-priced home in most of the largest U.S. cities, according to a Redfin analysis of affordability based on list prices and median incomes. Home prices, which have seen two straight years of 13 percent increases, are rising again.
83 Percent of California Homes Unaffordable on a Teacher’s Salary
No Homes in San Francisco within Reach for Teachers UPDATE: A refreshed version of this report, including an updated methodology, the most current salary
Affording a House in a Highly Ranked School Zone? It’s Elementary
What Went into this Report Redfin took a look at homes on Multiple Listing Services (MLS), databases used by real estate brokers, that sold between
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
