Minority Neighborhoods Had the Largest Percentage Gains in Home Equity But Starting with More Equity, White Neighborhoods Had the Largest Absolute-Dollar Gains Homeowners in white, minority and mixed-race neighborhoods posted substantial gains in home equity from 2012 to 2018. Minority neighborhoods started with the lowest levels of home equity but had the largest percentage gains. White neighborhoods had the lowest … Read More
Leave Your Car at Home Before Stepping onto These 20 Carless Campuses
It’s back to school season, and students are planning for another year of classes, friendships and researching the places where they want to continue their education. For students on the hunt, we decided to round up the best college campuses to maneuver without a car. After all, having coffee shops, restaurants and libraries within walking distance saves time and energy … Read More
New Construction Home Prices Increased 3.2% in Second Quarter
Second-quarter 2018 new construction metrics compared to second quarter 2017: 22.3% of newly built homes sold above their list price, down from 24.8%. For the past seven quarters, the percentage of new construction homes that sold above list has been declining. For existing homes, the percentage sold above list has been increasing over the same time period. New construction home … Read More
What $1 Million Gets You in 15 Cities Across the U.S.
Who wants to be a millionaire? To buy a modest home in some cities, you might have to be! In San Francisco and San Jose, one million dollars is the expected going rate. But if you travel inland, a one million dollar home in the midwest and south is often much larger and elegant. We looked at homes in 15 … Read More
Redfin Housing Demand Index Flattens from May to June
Buyers Become More Selective and Price-Sensitive as More Homes Hit the Hottest Housing Markets The Redfin Housing Demand Index fell 0.7 percent month over month to 120 in June. The decline was driven by a 2.2 percent decrease in the seasonally adjusted number of homebuyers requesting tours, and a 12.2 percent decrease in the number making offers on homes … Read More
Selling Your Home? Check out these Home-Staging Deals on Amazon Prime Day
It’s that time of year again: Amazon Prime Day! Prime Day is great for scoring deals on just about anything you could need at home, from a hairdryer to a new couch. But, it’s not for the faint of heart. Prime Day only happens once a year on Amazon.com, and the deals sell out fast. Below we’ve rounded up a … Read More
Redfin Survey: Homebuyers Face Rising Mortgage Rates Head On
As expected , mortgage rates have crept up from below 4 percent in late 2017 to greater than 4.5 percent in June for an average 30-year fixed-rate mortgage. But few homebuyers are halting their searches. In May, Redfin commissioned a survey of more than 4,000 people who had bought or sold a home in the last year, attempted to do … Read More
Redfin Survey: 36% of Millennial Homebuyers Took a Second Job to Save for Down Payment; 10% Sold Cryptocurrency
In March, Redfin commissioned a survey of 2,000 U.S. residents who planned to buy or sell a primary residence in the next 12 months. The purpose of the survey was to better understand the objectives, perspectives and concerns of those about to enter the real estate market. We focus this report on the more than 500 respondents between the ages … Read More
Redfin Housing Demand Index Up 7% in May
The Redfin Housing Demand Index increased 7.4 percent month over month to 116 in May. The rise was driven by a 6.3 percent increase in the number of homebuyers requesting tours, and a 9.7 percent increase in the number making offers on homes from April to May. The Demand Index is based on thousands of Redfin customers requesting home tours … Read More
Redfin Housing Demand Index Posted Slight Decline from March to April Amid Ongoing Inventory Crunch
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