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
Redfin Home Price Index: Price Growth Slowed for Third Straight Month in November as Supply Crunch Eased
U.S. home prices rose 0.6% from a month earlier, the smallest increase since June, as a jump in homes for sale gave buyers more options.
2023 Has Been The Least Affordable Year for Homebuying on Record—But 2024 Is Looking Up
A homebuyer with the median U.S. income would’ve had to spend a record 41% of earnings on monthly housing costs in 2023, up from 39%
Introducing the Redfin Home Price Index
Redfin’s new gauge of housing prices, which is similar to but more current than the Case-Shiller index, shows that home prices rose roughly 1% month
More Than One-Third of Home Sellers Are Giving Concessions to Buyers
Sellers are handing out freebies to woo buyers, who have become increasingly likely to back out of deals as mortgage rates have climbed. Home sellers
Homebuyers Must Earn $115,000 to Afford the Typical U.S. Home. That’s About $40,000 More Than the Typical American Household Earns.
Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for first-time buyers. The typical buyer needs
4 Ways to Buy Your First Home, Even as Affordability Worsens
Originally published to Forbes on September 12, 2023. For many young Americans, the dream of owning a home feels less like a middle-class milestone and more
