Redfin Housing Demand Index Posted Slight Decline from March to April Amid Ongoing Inventory Crunch

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The Redfin Housing Demand Index fell 1.3 percent month over month to 106 in April, the third consecutive month of declines. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. The Demand Index is adjusted for Redfin’s market share growth. A level of 100 represents the historical average for the three-year period from … Read More

Homes Sold Faster Than Ever in April; Prices Rose 7.6%

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  The national median home sale price increased 7.6 percent in April from a year ago, to a median of $302,200. This is the first time the national median home price has surpassed the $300,000 mark across the 174 markets that Redfin tracks. While April posted solid growth in home sales, up 5.2 percent from last year, home sales from … Read More

Minneapolis, Portland and Chicago are the Most Bikeable Cities of 2018

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Minneapolis, Portland and Chicago are 2018’s best cities for cycling according to the updated Bike Score® rankings by Redfin. Bike Score , a tool by Redfin company Walk Score®, rates locations based on several factors including access to bike lanes, as well as road connectivity and hilliness. With the latest rankings, Bike Score ratings have been added to 1,831 new … Read More

SB-827: a Win for Affordability or Just a California Dream?

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If you’ve ever lived in one of California’s major cities without a car, you may have noticed that life on local public transportation isn’t all that convenient. Add in the competition and added expense of finding housing along an already limited transit system, and you’ve got a pretty good argument for moving to the suburbs. However, Californians seeking an urban … Read More

Redfin Housing Demand Index Fell 6.2% from October to November

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The Redfin Housing Demand Index fell 6.2 percent from 136 in October to 127 in November. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. The seasonally adjusted number of buyers requesting home tours fell slightly by 1.9 percent, while the number making offers fell 14.7 percent. “Three years of low inventory is … Read More

Landlords Just Got a Big Tax Break

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Through a late provision added to the GOP tax plan last weekend, real estate investors may be on course for a multimillion-dollar tax break. The change would allow real estate investors to take advantage of a new break that provides a 20 percent deduction on taxable income for pass-through companies. A pass-through is a special type of corporate structure, popular … Read More

Here’s the #1 Reason It’s so Hard to Find an Affordable Home

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var divElement = document.getElementById(‘viz1508904329532’); var vizElement = divElement.getElementsByTagName(‘object’)[0]; vizElement.style.width=’800px’;vizElement.style.height=’650px’; var scriptElement = document.createElement(‘script’); scriptElement.src = ‘https://public.tableau.com/javascripts/api/viz_v1.js’; vizElement.parentNode.insertBefore(scriptElement, vizElement); Today’s new construction homes become tomorrow’s housing market. Without affordable new construction, we find ourselves in a housing market marked by low inventory, high prices and bidding wars—and one where first-time homebuyers are often priced out. The average price of a new … Read More