Home Sales Fell 8.1 Percent in September, Third Month in a Row of Declining Sales

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Sales fell 8.1 percent compared to last year, the largest decline posted since July 2016, and the third month in a row with declining sales. Meanwhile price-growth is strong, up 7.6 percent in September to a national median sale price of $288,000 across all markets Redfin serves. The median value of off-market homes in September was $251,000, as measured by … Read More

Migration Patterns Show More People Leaving Politically Blue Counties

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In the first half of 2017, more people moved from blue (Democratic) counties to red (Republican) counties than from red to blue counties, according to data on Redfin.com user searches. Counties were classified as “blue” if the Democratic candidate for 2016 won by more than 20 percentage points and vice versa for “red” counties.1 Overall, 7.4 percent more people moved … Read More

Time to Renovate the Mortgage Interest Deduction

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The lack of affordable housing in America’s fast growing cities is reaching epic proportions as more and more families are being priced out of homeownership .  In 2012, a middle class family could afford 44 percent of the homes for sale. By 2016, the share of affordable listings declined 12 percentage points to just 32 percent. This housing equality gap … Read More

These Are the 12 Best Cities for Whiskey Lovers

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For whiskey dilettantes, there are few luxuries as gratifying as sipping a smooth, flavorful pour of their favorite barrel-born libation in a scenic setting. Whether you prefer your firewater neat, on the rocks or as part of a crafted concoction, we’ve rounded up the most beloved joints for enjoying a glass (or two) of whiskey from coast to coast. For … Read More

Priced Out: The Housing Affordability Gap in America’s Largest Metros

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Housing affordability is a growing problem for the middle class. As home prices across the nation’s 30 largest metro areas have increased by 26 percent since the market bottomed in 2012 and the median household income edged up just 1.6 percent nationally, housing affordability for the middle class has dwindled. In 2012, a family earning the area median income could … Read More

Homes Sold Faster than Ever in April; Prices Marched Upward

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The median home sale price increased 6.2 percent in April to $280,000, continuing a five-year trend of steady annual growth. A lack of homes for sale kept a lid on sales, which inched up just 1.2 percent compared to last year. The number of homes for sale fell 13.3 percent, the steepest decline in four years. Since October 2015, the … Read More

The Future of Your City According to Sci-Fi Movies

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Have you ever wondered what your life would be like if you lived in a science fiction or futuristic fantasy movie? What would it feel like to discover that the entire human race had been replaced by intelligent apes? Or can you imagine narrowly escaping a cybernetic machine sent back in time to kill you? We spend our time wondering … Read More

Movement Out of California Was the Most Influential Driver of U.S. Migration Patterns in Early 2017

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In an analysis of a sample of nearly one million Redfin.com users searching for homes across 75 metro areas in the first three months of 2017, we found that one in five (19.8%) searched mostly1 for homes outside their home metro2. Among them, about half searched exclusively in other metros. Three trends dominated the migration patterns seen in Redfin.com user … Read More

This Common Mistake Can Kill Your Mortgage

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Young Couple Moving In To New Home Together In order to qualify for a mortgage, you need to show your lender that you have a down payment and access to funds for closing. This money needs to come from documentable sources prior to moving it from your bank account to your escrow account. Unfortunately, a lot of people don’t do … Read More