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
Americans Have Gained $2 Trillion in Home Value During the Coronavirus Pandemic
The value of homes in the U.S. has surged 6.7% to $31.4 trillion since February despite skyrocketing unemployment triggered by the pandemic—further widening the wealth
In Areas at High Risk for Wildfires, Relative Affordability Lures Homebuyers
In the past eight years, the price difference between low-risk and high-risk areas has flipped—from a 2.5% premium in high-risk areas in 2012 to a
Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes
Condos are facing relatively slow price growth as remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge.
America’s Housing Shortage Is Intensifying During the Pandemic—Especially in Relatively Affordable Places Like San Antonio and Baltimore
Relatively affordable places including San Antonio and Baltimore have seen housing supply plummet, while San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities
Homebuyers on a $2,500 Monthly Budget Can Afford $33,000 More With Low Mortgage Rates, But Higher Home Prices Cancel Out Increase
Historically low rates are motivating homebuyers even though prices were up 8.2% year over year in July, effectively cancelling out the increase in purchasing power.
A Quarter of San Francisco Home Sellers Are Dropping Their Prices, the Highest Rate on Record
San Francisco has seen a greater increase in price drops than any other U.S. metro, with the share of sellers slashing prices more than doubling from a year ago as the pandemic drives homebuyers out of the Bay Area.
