68% of Condos Sold Below List Price in February—the Highest Share in 5 Years
The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more
57% of homes in San Francisco sold above their list price in February, up from 50% a year earlier—the biggest jump among the top 50
New York and Los Angeles are the only metro areas where the majority of households rent. Renting is least common in Cape Coral, FL and
Milwaukee’s median sale price jumped 20% year over year in February—a bigger increase than any other major metro. Detroit also saw a double-digit gain. A
Affluent renters have become more common in 35 of the 50 most populous U.S. metros since 2019, with Raleigh and Orlando seeing the biggest upticks.
Just 47% of newly-built apartments completed in Q3 were rented within three months as a record number of new apartments hit the market. But construction
The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more
57% of homes in San Francisco sold above their list price in February, up from 50% a year earlier—the biggest jump among the top 50
New York and Los Angeles are the only metro areas where the majority of households rent. Renting is least common in Cape Coral, FL and
Milwaukee’s median sale price jumped 20% year over year in February—a bigger increase than any other major metro. Detroit also saw a double-digit gain. A
Affluent renters have become more common in 35 of the 50 most populous U.S. metros since 2019, with Raleigh and Orlando seeing the biggest upticks.
Just 47% of newly-built apartments completed in Q3 were rented within three months as a record number of new apartments hit the market. But construction