Amazon: Here’s Where Seattleites Are Already Looking to Move

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Today, Amazon announced the 20 finalist cities vying to host a second headquarters for the tech giant. Wherever HQ2 splashes down, the highly paid tech workers it will transplant and attract are likely to make waves in the local housing market. Amazon’s move is going to add momentum to a trend we expect to intensify in 2018 in which people … 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

Redfin Housing Demand Index Dipped 1.7 Percent from September to October; Still 26.6 Percent Higher Than Last Year

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The Redfin Housing Demand Index fell 1.7 percent from 137 in September to 134 in October. Still, the Demand Index increased 26.6 percent year over year in October. The Demand Index is adjusted for Redfin’s market share growth. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. A level of 100 represents the … 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

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