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4 weeks ago | 
redfin.com | Mark Worley |Asad KHan |Asad Khan |Daryl Fairweather
Brooklyn’s Prospect Heights and Clinton Hill top Redfin’s 2025 list of hot neighborhoods, after posting a 105% spike in home sales from a year ago. Five of the 10 hottest neighborhoods are located on the outskirts of Midwestern metros, with buyers seeking affordability and an easy commute. A neighborhood in the heart of San Francisco and a commuter suburb just outside Washington, D.C. also made the top 10. Five of Redfin’s 10 hottest neighborhoods of 2025 are in Midwest suburbs.
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1 month ago | 
redfin.com | Mark Worley
The combined net worth of America’s wealthiest 1% has grown to a record $49.2 trillion, almost the same as the combined value of all the homes in the U.S.Real estate makes up 12.3% of the net worth of the top 1%, compared to 46.4% of the net worth of the bottom 50%. The top 1% owns a disproportionate 13.4% of real estate assets in the U.S.The combined net worth of the wealthiest 0.1% has grown by $4.4 trillion in the past two years—more than the combined net worth of the bottom 50%.
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1 month ago | 
redfin.com | Mark Worley |Sheharyar Bokhari
Rents have been falling most of the past year thanks to an increase in new construction, but permits for new apartment buildings are slowing. It’s too early to assess the impact of federal government layoffs on the D.C. housing market, but rents could fall more if significant numbers of workers move away.
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2 months ago | 
redfin.com | Mark Worley |Chen Zhao
The combined value of U.S. homes climbed to $49.7 trillion in 2024. The total value of homes owned by millennials grew to nearly $10 trillion, representing more than 20% of the U.S. market. Two upstate New York metros—Albany and Rochester—had the fastest growth in aggregate home value, while Florida metros grew more slowly. San Diego and Seattle look set to join eight other metros with homes worth $1 trillion in 2025.
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2 months ago | 
redfin.com | Mark Worley |Chen Zhao
There were 3.7 months of for-sale supply on the market in January, the most in six years. An increase in supply and drop in homebuying demand has tilted the national market in favor of buyers, with listings starting to pile up in many areas across the country. Florida metros top the list of buyer’s markets, led by Cape Coral and Miami. Two upstate New York metros—Rochester and Buffalo—top the list of markets which still favor sellers.
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2 months ago | 
redfin.com | Mark Worley |Sheharyar Bokhari
Home prices grew 0.6% month over month in January, equal to the quickest pace since November 2023. On a year-over-year basis, home prices rose 5.4%—the slowest pace since August 2023. Ten of the 50 most populous U.S. metros recorded a drop in home prices month over month, led by Tampa (-1.6%). U.S. home prices rose 0.6% from a month earlier in January on a seasonally adjusted basis, a tick faster than the 0.5% growth experienced each of the three months prior.
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2 months ago | 
redfin.com | Mark Worley |Sheharyar Bokhari
The percentage of U.S. home purchases made in cash fell to 32.6% in 2024, a three-year low, as the total number of all-cash purchases dropped to its lowest level in a decade. Florida homebuyers were most likely to pay cash. Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021. Still, all-cash sales made up a bigger piece of the homebuying pie than before the pandemic, when the share ranged from 25% to 30%.
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2 months ago | 
redfin.com | Mark Worley |Sheharyar Bokhari
The median asking rent for an apartment in downtown Seattle grew 2.5% year over year in December to $2,000—the first rise in 17 months. Seattle has built more new apartments than most major metros over the past few years, helping to keep rents in check, but demand may start to increase as companies like Amazon require staff to work in the office more frequently. Of Seattle’s inner neighborhoods, Capitol Hill (7.2%) saw rents rise the most in December, while Queen Anne fell the most (-13.7%).
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Jan 22, 2025 | 
redfin.com | Mark Worley |Sheharyar Bokhari
Renters need to earn $63,680 to afford the median asking rent for a U.S. apartment—the lowest income required since early 2022. Texas metros Austin, Houston and Dallas are the most affordable for renters, while Providence, Miami and New York are the least affordable. The typical renter earns enough to afford the median rent in 15 of the 44 major metros Redfin analyzed.
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Jan 21, 2025 | 
redfin.com | Mark Worley |Sheharyar Bokhari
Home prices grew 0.4% month over month in December, rising at a slightly slower pace than the past four months. On a year-over-year basis, home prices closed out the 2024 calendar year up 5.4%, the smallest annual increase since 2015. 15 of the 50 most populous U.S. metros recorded a drop in home prices month over month. U.S. home prices rose 0.4% from a month earlier in December on a seasonally adjusted basis, slightly slower than the 0.5% growth posted in November.
