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Jan 6, 2025 | 
redfin.com | Mark Worley |Elijah de la Campa
A household earning the median U.S. income would have had to spend 41.8% of their earnings on monthly housing costs to buy the typical home in 2024, a slight improvement from 42.2% in 2022.
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Nov 20, 2024 | 
redfin.com | Elijah de la Campa
This year marked the first time since 2010 that low-risk homes across three major climate categories—heat, fire and flood—gained value faster than high-risk homes. That may be a sign Americans are growing more responsive to natural disasters. Still, high-risk homes are much more valuable than they were before the pandemic.
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Oct 28, 2024 | 
redfin.com | Dana Anderson |Elijah de la Campa
Property tax bills have increased since 2019 in nearly every major U.S. metro, with Florida home to three of the five metros with the biggest hikes. Property taxes are soaring in Florida partly due to the pandemic-driven migration and homebuying boom, and partly to the increasing intensity of climate disasters. Nationwide, property taxes have increased in dollars, but the effective tax rate has declined as home prices have soared faster than tax rates.
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Oct 28, 2024 | 
redfin.com | Dana Anderson |Elijah de la Campa
Nationwide, property taxes have increased in dollars, but the effective tax rate has declined as home prices have soared faster than tax rates.
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Sep 30, 2024 | 
redfin.com | Mark Worley |Elijah de la Campa
Only 2.5% of U.S. homes changed hands in the first eight months of 2024. The rate of home sales and home listings are both down at least 30% from 2019. California metros lead the list of areas with the lowest turnover, while Sun Belt and New York commuter metros posted highest turnovers. Just 25 out of every 1,000 U.S. homes changed hands in the first eight months of 2024, the lowest turnover rate in decades.
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Aug 16, 2024 | 
redfin.com | Dana Anderson |Elijah de la Campa
These swing states have not turned blue despite the influx of people who have moved in from California and other blue states. And Redfin’s analysis found that Democrats haven’t gained ground relative to Republicans in the two southwestern swing states since Kamala Harris replaced Joe Biden. Two swing states have not turned blue since the last presidential election, despite an influx of people moving in from California.
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Aug 5, 2024 | 
redfin.com | Lily Katz |Elijah de la Campa
America’s high-fire-risk counties saw a net inflow of 63,000 people last year, driven by migration to Texas.
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May 29, 2024 | 
redfin.com | Elijah de la Campa
May 29, 2024 by Lily Katz and Elijah de la Campa The typical home in areas with LGBTQ+ housing protections costs $492,290, compared with $357,010 for the typical home in areas without protections. San Francisco and Portland, OR have the highest share of LGBTQ+ adults, yet less than 7% of homes in those places are affordable for someone on the local median income. Detroit and Rochester are the most affordable metros in states with LGBTQ+ protections. A Redfin survey found that over half of...
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Apr 10, 2024 | 
redfin.com | Dana Anderson |Elijah de la Campa
April 10, 2024 by Dana Anderson and Elijah de la Campa The share of San Francisco sellers losing money on their home sale is sitting near its highest level in more than a decade, largely because prices have come back down to earth after skyrocketing during the pandemic. Nationwide, the share of sellers losing money is much smaller (4%) because home prices remain near their record high. In San Francisco, the typical seller who’s parting ways with their home for less than they originally paid...
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Apr 10, 2024 | 
redfin.com | Dana Anderson |Elijah de la Campa
The share of San Francisco sellers losing money on their home sale is sitting near its highest level in more than a decade, largely because prices have come back down to earth after skyrocketing during the pandemic. Nationwide, the share of sellers losing money is much smaller (4%) because home prices remain near their record high.
