National rents hit highest level since 2022 despite more inventory
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
by Ben Verde Jun 11
Barry Sternlicht: Rents will go up, and it's Jerome Powell's fault
The billionaire head of Sternwood Capital blamed Federal Reserve chief Jerome Powell's interest rate campaign for killing activity in the multifamily sector
by Ben Verde Jun 7
Renters are staying put for longer as housing costs rise
Affordability continues to create challenges for would-be buyers, keeping renters in place for longer, according to a new report from Redfin
by Ben Verde Jun 3
Sun Belt cities see fastest rent deflation amid building boom
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
by Ben Verde May 17
Luxury prices and cash buyers hit a new high to close out 2023
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market
Empty nesters own twice as many big homes as millennials with kids
Empty nest baby boomers own 28.2% of the large homes in the United States — twice as many as millennials with kids. Gen Z parents own only 0.3% of larger residences
by Ben Verde Jan 17
Investor activity keeps slowing down from pandemic-era highs
Phoenix, Las Vegas and other Sunbelt metro areas saw the biggest slowdowns in investor activity as high rates and low demand cooled activity nationwide, according to reports
by Taylor Anderson Aug 31
A small home with a baby stroller in front
The annual paycheck for a 1st-time homebuyer is roughly $64,500 to afford the typical US 'starter' home in 2023 — up 13% from a year ago, according to a report from Redfin
by Ben Verde Jul 28
Third of homes now purchased in cash, highest level in 9 years
A new report released by Redfin found that 33.4% of home purchases were made in cash during April 2023 — up from 30.7% a year earlier
by Ben Verde Jun 7
Nearly 1 in 7 homes sold in March went for less than investors paid
Investor profits are falling, and the number of investors losing money reached the highest point since 2016, according to a new report from Redfin
by Taylor Anderson Apr 21
Typical home down payment falls to 2-year low as concessions return
The typical down payment for a homebuyer in the United States fell 10% between January 2022 and 2023, to $42,375, according to new data released Wednesday by Redfin
by Ben Verde Mar 22
The time a typical homeowner stays in one place just got a little shorter
Migratory waves over the past 3 years due to the pandemic have caused homeownership tenure to decline modestly, but an uptick is expected thanks to a rise in mortgage rates, Redfin data shows
by Ben Verde Mar 1
Young renters' inflation rate lower than general population: Study
Gen Zers and millennials who signed new leases in December saw their cost of goods and services increase 5.6% and 6.1%, respectively, according to a new report by Redfin
by Ben Verde Feb 8
Phoenix, Arizona
Median home price growth has slowed the fastest in Austin, Phoenix and San Jose, with fellow pandemic boomtowns Las Vegas and Boise also seeing significant slowdowns
by Ben Verde Nov 28
Square footage in suburban homes now worth more than in cities
Typical suburban home was worth $206 per square foot during the four weeks ending Sept. 25, just above the typical urban home which was worth $205 per square foot, according to Redfin
by Ben Verde Oct 18