Location, design and luxury amenities can certainly drive up costs, but in 7 major US metros, buyers can still find luxury homes priced under $1M, a report from Redfin found
While home purchases by investors rose 2% annually in the first quarter — to 46,726 transactions — condo sales declined by 3%, to just 8,509 units, according to data released Wednesday by Redfin
Building permits for multifamily units have plunged 27.1 percent from their pandemic-era highs, with new rentals now hitting the market at the slowest pace on record, according to Redfin
Renter households increased by 2.7% year-over-year in the third quarter to a record 45.6M, a rate 3 times higher than the 0.9% uptick in homeowner households, according to a new Redfin analysis
Only 32.1% of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2% in 2022 and 50.4% in 2012, according to an analysis from Redfin released Wednesday
In August, nearly half of all US homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales
In June, the median down payment soared to a record $67,500, a 14.8% increase from $58,788 the previous year, according to a Redfin analysis
Pending sales of starter homes surged 10.2% in July, reaching their highest point since October 2022 as mortgage rates began to decline, according to data released Monday by Redfin
The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday
Teachers can now afford 47.9% of rental apartments within commuting distance of their schools, an increase from 40.7% the previous year, Redfin reported on Wednesday
Rising interest rates and market saturation have caused multifamily builders to slow the rate of new projects, according to a Redfin report published on Tuesday
The median United States asking rent rose 0.8% year over year in May to $1,653, the highest it's been since October 2022, according to data from Redfin
The billionaire head of Sternwood Capital blamed Federal Reserve chief Jerome Powell's interest rate campaign for killing activity in the multifamily sector
Affordability continues to create challenges for would-be buyers, keeping renters in place for longer, according to a new report from Redfin
Nine of the 10 cities with the steepest drops in rent in April were in the Sun Belt, according to a new report by Redfin