Home Prices Now Rising Faster in Car-Dependent Neighborhoods Than in Walkable Places as Buyers Chase Affordability
Homebuyers are prioritizing affordability over walkability.
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
Homebuyers are prioritizing affordability over walkability.

In San Francisco, a family needs to earn more than $265,000 to afford a median-priced home. See how other metros stack up.
The market for new homes is moderating, with prices slightly down as builders adjust inventory to meet demand for affordable homes.

Just 11.2% of Redfin offers faced bidding wars in July, the lowest rate since at least 2011.
High-end home prices rebounded slightly in the second quarter, but sales continued to drop and supply surged.
Just 40.6% of black Americans own homes, compared to more than 73% of white Americans. And black Americans have seen significantly smaller home-equity gains since 2010.
Homebuyers are prioritizing affordability over walkability.

In San Francisco, a family needs to earn more than $265,000 to afford a median-priced home. See how other metros stack up.
The market for new homes is moderating, with prices slightly down as builders adjust inventory to meet demand for affordable homes.

Just 11.2% of Redfin offers faced bidding wars in July, the lowest rate since at least 2011.
High-end home prices rebounded slightly in the second quarter, but sales continued to drop and supply surged.
Just 40.6% of black Americans own homes, compared to more than 73% of white Americans. And black Americans have seen significantly smaller home-equity gains since 2010.