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Housing Market

Minneapolis, Pittsburgh and St. Louis Top Metros With Highest Homeownership Rates for Low-Income Families

And three southern metros—Louisville, Charlotte and Nashville—experienced the largest rise in low-income homeownership from 2012 to 2017. Minneapolis has the nation’s highest homeownership rate for low-income families. In the Minneapolis area, 57.7 percent of households with incomes in the bottom 25th percentile for the metro area were homeowners in 2017, followed by Pittsburgh (55.8%) and […]
City of Seattle Year Over Year Change in Home Sales

Homebuyers Return as Pending Sales Rebound in Seattle, Silicon Valley and Boston

Pending sales spiked 15% in the city of Seattle in January, up 8% in San Jose, Silicon Valley’s central city. The market cooldown may already be over in Seattle, San Jose and Boston. Pending sales—the count of homes that went under contract during the month—were up 4 to 15 percent in January from a year […]
fastest housing markets

Buffalo, Grand Rapids and Omaha Are Now the Nation's Fastest Housing Markets

The typical home in these affordable, inland metros spends less than 30 days on market. Buffalo, New York; Grand Rapids, Michigan and Omaha, Nebraska—all areas where the typical home costs less than the national median—were home to the fastest housing markets in the country in January. Contrast that list of metros with the fastest markets […]
new construction
New Construction

Sales of New Homes Down 8% in January

New-home sales fell year over year in all four major U.S. regions. Sales of new single-family homes fell 8 percent year over year in January, the fifth consecutive month of year-over-year declines in new-home sales. But the size of the drop was smaller than in December in all regions except the West, where sales fell […]
How many trees are saved with fully digital closings?

How Many Trees Can Be Saved With Fully Digital Home Closings?

eClosings save time and stress—and they have the potential to save more than 100,000 trees per year. Anyone who has purchased a home knows there’s a lot of paperwork to read through and sign at the closing table. But with Redfin Mortgage and Title Forward now offering fully digital closings, which allow homebuyers to close […]
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