#REDFIN News
What everyone's getting wrong about the housing market
businessinsider.com There's a popular saying in real estate: "Marry the house, date the rate." In other words, you're stuck with the home you buy, but mortgage rates are fickle — you borrow…
It’s a ‘nepo’ housing market. More than a third of Gen Zers and millennials expect their parents to help with a down payment, survey finds
fortune.com Everybody needs a little help sometimes. And in this housing market, people need their parents’ help. More than a third of millennials and Gen Zers who are planning to buy a…
A third of Gen Z and millennial homebuyers plan to use family money for a down payment amid sky-high housing costs
aol.com None More than a third of Gen Z and millennial homebuyers anticipate their families to help with the cost, Redfin says. • None Younger Americans face bigger financial…
People priced out of Austin and Orlando are moving to these cheaper cities
businessinsider.com The average sale price of a home in Austin has jumped nearly $100,000 over the past four years. Evan Semones - cosmophotography/Getty Images Americans squeezed out of…
California home prices spike as disasters drive away insurers
newsweek.com California's housing prices could accelerate even more as the state faces a homeowners insurance crisis. Home prices in the state have soared over the last year. In…
Mortgage refinancing stalls as housing market struggles
newsweek.com Mortgage loans refinancing declined for the week ending March 22, contributing to a drop in home loans applications even as interest rates decelerated, data from the…
House prices are rising fastest in these five cities
newsweek.com All 20 cities analyzed by the S&P CoreLogic Case-Shiller National Home Price Index reported year-over-year home price hikes between January 2024 and January 2023, but only…
It's a better time than you think to buy a home
aol.com There's a popular saying in real estate: "Marry the house, date the rate." In other words, you're stuck with the home you buy, but mortgage rates are fickle — you borrow…
BlackRock CEO believes boomers should retire later than 65
thestreet.com CEO Larry Fink has some strict criticism for the generation born in the 1950s, often known as baby boomers, or boomers for short. The executive, who is a boomer himself,…
Housing affordability has improved, but not by much
aol.com None US homebuyers need to make $114,000 a year to afford a median-priced home, Redfin says. • None Analysts said median home prices have risen twice as fast as the increase…
The housing market is so unaffordable that buyers need to make $30,000 more than they currently do to buy a home
fortune.com The picture is bleak—housing is severely unaffordable. Your typical American household makes almost $30,000 less than it needs to afford a median-priced home, according to…
This woman in San Francisco earns $10K/month by buying and selling fixer-uppers — and she’s only 25. Here's how she made her real-estate riches
aol.com We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Soli…
How New Rules for Real Estate Commissions Could Affect First-Time Buyers
nytimes.com With a landmark legal settlement poised to upend a decades-old norm that has dictated who pays real estate agents and how much, economists, agents and lenders are beginning…
Mortgage rates have fallen, but are homes more affordable?
marketplace.org We’ve been getting a lot of data on the housing front recently. Last week, we learned that the number of existing homes sold in February rose 9.5% from January, according to…
Florida's Condominium Market Is Becoming A Disaster Zone
finance.yahoo.com Over the last several decades, retiring and buying a condominium in Florida has been a rite of passage for millions of Americans entering their golden years. Unfortunately,…
Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers
aol.com The rate at which home prices grow is slowing down. U.S. home prices increased 0.6% from a month before in February, in line with the 0.6% average monthly gain in the…
Why Florida rents are falling
newsweek.com The cost of renting is falling across Florida after reaching skyrocketing heights in the past few years due to a build-up in demand and an influx of new residents attracted…
Real estate agent uncovers 'misinformation' involving major settlement that could shake up industry practices
foxbusiness.com A New York relator is sounding the alarm over "misinformation" involving a landmark settlement that could impact real estate practices and commissions as we know them. "I…
They moved into floating homes and houseboats
businessinsider.com Instead of a conventional house on land, some millennials are choosing to live in floating homes, houseboats, and narrowboats instead. Kate Fincham/mylittlehouseboat;…
Why buying a home isn't likely to get much cheaper even under Biden's housing plan
aol.com None Biden has a plan to make housing more affordable, but prices might be stuck in the stratosphere. • None Biden's proposals may not be enough to tackle the housing…
A 71-year-old Californian explains why she's one of many boomers reluctant to sell their large homes and downsize
businessinsider.com The Oakland skyline is seen from this aerial view in Oakland, Calif., on Monday, May 8, 2023. Jane Tyska/Getty Images Deborah Frieden and her husband are looking to downsize…
US home flipping malaise pinches reality TV stars to contractors
finance.yahoo.com While the increase in interest rates engineered by the Federal Reserve over the last two years put a damper on the overall U.S. housing market, it took a sledge hammer to…
Could real estate go the way of the travel industry? Not quite yet
cnn.com Technology has revolutionized how people book travel, buy groceries and manage their everyday finances. Yet, the process of buying a home has withstood many similar changes.…
Could real estate go the way of the travel industry? Not quite
aol.com Technology has revolutionized how people book travel, buy groceries and manage their everyday finances. Yet, the process of buying a home has withstood many similar changes.…
The South is booming, beating out the West as the fastest-growing region in the country again last year
businessinsider.com Counties in Texas, Georgia, South Carolina, and Virginia saw some of the fastest growth in 2023. • The South saw its population grow throughout the pandemic, a trend not…
‘I don’t want to pay a buyer’s agent’
aol.com Several real estate companies saw their stock prices plummet following news of the $418 million settlement the National Association of Realtors reached last week over…
The housing market is so bad this Long Island house has no running water or power
fortune.com An Oak Island home, situated on Long Island’s southern shore near Fire Island, won’t come with electricity, trash collection, or emergency services. And it’s only accessible…
Who is Nadia Vitel? Woman Killed in NYC Apartment, as squatters wanted
newsweek.com New York police are investigating the killing of Nadia Vitel, whose body was found stuffed inside a duffel bag at an apartment where two squatters fled the scene. Her…
How do real estate agent fees and commissions work?
aol.com In this do-it-yourself digital age, home sellers and buyers alike might wonder if they need Realtors — or, more precisely, to pay Realtor fees. Just how crucial are these…
More people could move after the 2024 election
businessinsider.com Americans' motivations for moving are still the same as those of their ancestors. Thomas Barwick /Getty Images For hundreds of years, people have been hunting for the best…
How the Realtors' commission settlement could upend the housing industry
theweek.com The sweeping Realtors' commission settlement announced last week could resolve class-action lawsuits accusing the National Association of Realtors (NAR) of artificially…
February Marks a Turnaround for Existing Home Sales
thedailyupside.com Are Americans at home with the housing market? Sales of previously-owned homes in the US hit a surprising height in February. Sick of waiting for the Federal Reserve to make…
5 charts that show how the Fed's war on inflation has frozen the housing market
aol.com None The Federal Reserve aggressively raised interest rates during the pandemic to cool inflation. • None But the rate hikes caused some mortgage lenders to raise their…
What Comes Next for the Housing Market?
nytimes.com Federal Reserve officials are planning to cut interest rates this year, real estate agents are likely to slash their commissions after a major settlement and President Biden…
There's 1 benefit that would entice people to sacrifice remote work, a survey found
businessinsider.com Some companies may need to get more creative to entice employees back to the office. Getty Housing benefits can lure employees back to the office and attract new talent.…
What's behind Austin's mass exodus?
newsweek.com Austin was the place to be during the COVID-19 pandemic. Boasting warmer temperatures, lower cost of living and cheap rent and housing prices, millions of Americans fled…
The mortgage 'lock-in effect' could worsen wealth inequality and is likely to last for years to come, FHFA says
aol.com None High mortgage rates could end up freezing the housing market for a long time, according to the FHFA. • None Unless rates fall dramatically, the mortgage "lock-in"…
Why Zillow Is Worried About the U.S.'s Housing Mkt Shakeup
cnn.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…
Tiny Home Community in Georgia Sells Out in 2 Months: Photos
entrepreneur.com The community's demographics range from ages 25 to 65, with incomes ranging from $50,000 to millionaires. Booker Washington dreamed of building a community where everyday…
Sellers could benefit from NAR settlement, Redfin CEO says
foxbusiness.com The U.S. housing market hasn't been kind to first-time buyers or sellers in recent years. However, sellers may soon see potential benefits from the landmark settlement from…
Home prices reverse 3-year trend
newsweek.com In the wake of a tumultuous three-year period marked by soaring prices and cooling markets, U.S. home prices have aligned with pre-pandemic growth rates. February saw a…
'It's been good to have that sense of community': 32-year-old has lived in a retirement community in Florida for 3 years
cnbc.com White has been living in this Naples, Florida retirement community for three years now. In 2021, Liz White was visiting her parents — retirees who spend the winters in…
Why new homes are a bright spot in the housing market
aol.com New homes are a rare bright spot in the housing market right now. Case in point: The SPDR S&P Homebuilders ETF (XHB) is up about 10% so far this year. High borrowing costs…
Home prices rose 2.4 times faster than inflation since 1960s, study finds. What that means for homebuyers
cnbc.com While mortgage rates have contributed to high costs, supply and demand have also affected the price growth of homes in the U.S., Brannon said. "When demand for other…