Daryl Fairweather

1 month ago | redfin.com | Ashley Cotter |Daryl Fairweather

A starter home is the most affordable type of house or living space a first-time buyer can purchase. The cost of a starter home varies depending on location, but the median price of a starter home in August 2024 was $250,000. What used to be a 3-to-7-year stay in a starter home is now stretching much longer as the market remains competitive and interest rates stay high.

Oct 7, 2024 | redfin.com | Daryl Fairweather

Almost one-quarter of respondents overall expect insurance premiums in their area to increase after the storm. Nearly one-third (32%) of U.S. residents aged 18-34 say they’re reconsidering where they want to move in the future after seeing or hearing about the damage caused by Hurricane Helene, according to a survey commissioned by Redfin. That compares with 15% of respondents aged 35 and older. The survey findings in this report are from a Redfin-commissioned survey conducted by Ipsos on Oct.

Sep 19, 2024 | redfin.com | Sheharyar Bokhari |Daryl Fairweather

During the last election cycle, the typical swing state renter household earned 21% less than they needed to afford the median priced apartment. Still, many renters feel the rent is “too damn high,” meaning the housing affordability crisis is a key issue for swing state voters deciding this year’s presidential race. Arizona has seen a bigger improvement in rental affordability since the last election than any other swing state. Michigan is the only swing state that has seen affordability worsen.