The average home sale price in San Francisco has been falling for three quarters, but the average budget for Redfin users is holding steady—the dichotomy could signal that prices will go back up.
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 metro area, 45.7 percent of homes currently for sale are affordable on $61,372, the median U.S. household income in 2017, the most recent year for which data is available. In
In San Jose, Oakland and Los Angeles, pricing a home just below the -0,000 or -5,000 mark pays off. And in Minneapolis and Phoenix, pricing a home just above that threshold pans out. Read on to find out where else those pricing strategies are worthwhile—and where they’re not. Pricing your home at $599,000 rather than
On an interactive map, we’re tracking the moves—as they relate to housing market and migration trends—of several major West Coast tech companies that have announced new offices in other parts of the country. Several Silicon Valley- and Seattle-based tech companies are opening new campuses in places like Atlanta, Austin and Nashville, where home prices are
A local Redfin agent said at least half of her prospective clients ask about iBuyers, which are increasingly common in Phoenix and may be contributing to ongoing price growth. Institutional buyers, known as iBuyers, are taking up a growing share of Phoenix home sales. iBuyers are companies—like RedfinNow, Zillow and Opendoor—that make instant cash offers
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 its $500 million commitment to affordable housing at the beginning of the year, the company acknowledged that even tech workers in the Seattle area can have a hard time purchasing