Protected: #HappyHour

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The Wage Gap is Following Women Into Homeownership

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Single women build less home equity overtime than single men, according to a new Redfin analysis of 79,517 homes in purchased in 18 of the largest metros by single women in 2012. On those home purchases, women earned a median $171,313 of home equity over five years compared to $186,403 of equity earned by men—a difference of $15,090 or 8.1 … Read More

Home Prices and Buyer Competition Hit New Highs in June as Inventory Drought Dragged into 21st Consecutive Month

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The median home sale price increased 7.3 percent from a year ago to $298,000 in June. This is the highest national median sale price recorded since we began keeping track in 2010. Despite record-high buyer demand during the busy spring market, sales only increased 1.9 percent compared to last year, constrained by a low supply of homes on the market. … 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

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

These Are the Best Places to Live If You Love March Madness

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The official bracket has been released and we’re ready to kick off March Madness! It’s the time of year for office pools, alma mater pride and the chance to impress the world with your basketball knowledge (or incredible luck depending on how you view gambling). About 40 million Americans fill out a bracket and bet more than $2 billion on … Read More

How Ben Carson and HUD Can Begin to Solve America’s Housing Affordability Crisis

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Image via Wikimedia Commons This afternoon Dr. Ben Carson, the newly-confirmed Secretary of the Department of Housing and Urban Development (HUD), addressed his staff, observing that because of its scope, the department was well-positioned to influence the country very broadly. On this point, we couldn’t agree more. Income inequality and a shortage of affordable housing are at the worst levels … Read More