Housing Equality & Policy

Climate Change

Climate Change Pushes Up Home Insurance Premiums

Originally published to Forbes on September 18, 2023. A recent study from PolicyGenius found that quoted homeowner’s insurance premiums increased by 21% nationally from May 2022 to May 2023. Florida experienced the largest jump with premiums increasing by 35%. The steep increases in homeowner’s insurance costs contribute to the already intractable housing affordability crisis, as homeowners […]
Race & Real Estate

Redfin Survey: Roughly One-Third of Black, Hispanic Respondents Faced Discrimination During Recent House Hunt

One in five LGBTQ+ respondents felt they were discriminated against because of their sexual orientation.  Nearly one-third (32%) of Black Americans who recently moved believe they were discriminated against based on their ethnicity or race during their home search, and an additional 22% believe they may have been discriminated against. The share is even higher […]
Policy

The Price of Opportunity: Homes Cost 38% More in Neighborhoods That Offer the Best Shot at Upward Mobility

The typical home purchased in high-opportunity U.S. neighborhoods went for $470,000 last year—$130,000 more than the typical home in low-opportunity areas. The price premium for opportunity is highest in segregated parts of the Midwest and South; in Detroit, homes in high-opportunity areas are nearly four times more expensive than those in low-opportunity areas. High-opportunity neighborhoods […]
Redfin now displays First Street Foundation's Wind Factor data for all U.S. for-sale homes.
Climate Change

Redfin Adds Wind Risk Data for U.S. Homes

This week, Redfin became the first brokerage to publish wind risk data for nearly every U.S. home for sale on Redfin.com. That means you can now use Redfin to find important information about a home’s wildfire, flood, extreme heat and wind risk, provided by our partners at First Street Foundation.    Why We Did It […]
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