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Affordability is the Number-One Factor Keeping Renters From Becoming Homeowners: Redfin Survey

Affordability is the Number-One Factor Keeping Renters From Becoming Homeowners: Redfin Survey

Nearly one-third (32%) of renters nationwide rent because they can’t afford to buy a home where they want to live, while 30% are unable to save for a down payment. Those were the most commonly cited reasons for renting rather than owning a[...]
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Pricey Coastal Markets Show First Signs of Housing Slowdown

Pricey Coastal Markets Show First Signs of Housing Slowdown

Redfin’s deputy chief economist is taking note of early indicators that the housing market is cooling down in some pricey coastal areas–signaling the start of a national trend.“When will it end?” This question has repeatedly[...]
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Home Prices Soar Faster to a New High in February

Home Prices Soar Faster to a New High in February

The median home sale price rose 3.5% between January and February, the fastest month-over-month gain ever seen during the winter months. Prices were up 16% year over year to an all-time high of $389,500 in February as the number of homes for[...]
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Homebuyer Competition Ticked Up in February, Hitting Record High

Homebuyer Competition Ticked Up in February, Hitting Record High

Nationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally adjusted basis in February—the highest level in Redfin’s records, which date back to April 2020. That’s up slightly from a revised rate of[...]
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Rental Market Tracker: Asking Rents Increased 40% Year Over Year in Austin

Rental Market Tracker: Asking Rents Increased 40% Year Over Year in Austin

The average monthly asking rent in the U.S. increased 15% year over year to a record high of $1,901 in February, the largest annual jump since at least February 2020 (Redfin’s rental data goes back through February 2019). Meanwhile, the[...]
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