Nearly half of respondents said rising home prices over the past decade have made their life worse, while just 16% said rising home prices made their life better. As cities across the country grapple with an ongoing housing affordability crisis, solutions in the form of policy proposals have become a topic of local and national debate, with Presidential candidates and … Read More
Affordability is a Relative Concept—Boston Tops U.S. Migration Destinations in the Third Quarter
Boston passed the less expensive inland metro areas that typically dominate the list of top migration destinations, but it’s still an affordable option for some. Nationally, the share of Redfin home searchers looking outside their home metro hit a new all-time record of 26 percent. Twenty-six percent of Redfin.com home searchers looked to move to another metro area in the … Read More
7 Ways to Transform Your Attic Into a Livable Space
If you’re looking for additional living space within your home, don’t forget about your attic. Transforming your attic into a bedroom or other functional space isn’t as difficult as you may think — even if it’s unfinished. Here are a few tips to help you turn your attic into an upstairs oasis. 1. Add Flooring If your attic isn’t finished, … Read More
Basement Heating Options to Keep You Warm This Winter
The leaves are changing, the nights are getting longer, and that means that winter is on its way. If you’ve chosen to turn your home’s basement into a separate living space – whether it’s a game room, movie lounge, or man cave – you’ve probably discovered the challenges of keeping the room warm. From overly dry air to cold spots … Read More
U.S. Home Sales Post Biggest Increase in More Than 2 Years in August
Recession fears keep home-price gains in check at 3% as supply and demand shift toward sellers’ favor U.S. home-sale prices increased 2.7 percent year over year in August to a median of $312,200 across the 217 metros Redfin tracks. Home prices have been growing in a tight range between 1 and 3 percent year over year since September 2018. “Although … Read More
16 Essential Tools for Any DIY Home Project
Every homeowner needs a well-stocked toolbox. Whether you live in a modern apartment in downtown Philadelphia, a historic home in Boston , or you’re looking to put your house on the market , you will inevitably need to make home repairs – and you’ll need the tools to do it. It’s also always helpful to have what you need to … Read More
Allergic to Your House? How to Prevent Indoor Allergies
The only thing worse than allergies is indoor allergies. Americans spend about 90 percent of their time indoors, where the concentration of pollutants can actually be two to five times higher than outdoors. Yikes! If you or your family have been sneezing, wheezing, or itching indoors, allergies could be to blame. Common indoor allergens such as mold, dust, dander, and … Read More
Rochester, Buffalo and Hartford Least at Risk of a Housing Downturn in the Next Recession
It won’t be a repeat of 2008, but housing markets in some parts of the country are at more risk than others Whether it happens this year, next year, or in 10 years, another recession is inevitable. Regardless of when it comes, it’s unlikely to have a large negative impact on the real estate market. However, there are some metro … Read More
Home Prices Now Rising Faster in Car-Dependent Neighborhoods Than in Walkable Places as Buyers Chase Affordability
Market trends suggest that many homebuyers are prioritizing affordability above walkability. Home-sale prices in walkable neighborhoods across the country increased 2.3 percent year over year to a median $343,900 in July, compared to 4.3 percent annual growth to a median $312,100 for homes in car-dependent areas. That’s according to data from Walk Score®, a Redfin company that rates the walkability … Read More
How to Maximize the Value of Your Underwater Home
Consider renting out your home in the event of a recession. When the next recession hits, the stock market will fall in value and the unemployment rate will rise, which means more homeowners may struggle to afford their home and be tempted to sell. And with more homes for sale and fewer buyers able to afford a home, the housing … Read More