REDF News

(REDF) SEATTLE--(BUSINESS WIRE)-- #housingmarket--The Black homeownership rate fell to 43.9% in the second quarter—the lowest level since the fourth quarter of 2021, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s down from 45.3% a year earlier, marking the largest year-over-year decline since the third quarter of 2021. By comparison, the Hispanic homeownership rate inched up slightly (to 48.8% from 48.5% a year earlier), and there were small declines in both the non-Hispanic

(REDF) SEATTLE--(BUSINESS WIRE)--Housing costs could return to “normal” by 2030 if home-price growth stabilizes and mortgage rates fall to 5.5%, according to a new report from Redfin, the real estate brokerage powered by Rocket. Home prices are near record highs, mortgage rates remain elevated, and not enough homes are being built to meet demand in many areas of the country. But recent weeks have brought some signs that the housing market is trending in a positive direction: home-price growth is slowi

SEATTLE--(BUSINESS WIRE)--Seven in 10 Gen Z and millennial renters struggle to afford their regular housing payments, as do 41% of homeowners in that age group, according to a new report from Redfin, the real estate brokerage powered by Rocket. This report is based on survey results from a Redfin-commissioned survey conducted by Ipsos in May 2025, fielded to more than 4,000 U.S. homeowners and renters. The report focuses on the nearly 2,000 respondents who said they struggle to afford housing,

SEATTLE--(BUSINESS WIRE)--More than two in five (44%) American workers are delaying or canceling a major purchase like a home or car due to their feelings about job security. An additional 30% have either already made a major purchase sooner than expected, or plan to, according to a new report from Redfin, the real estate brokerage powered by Rocket. This is based on a Redfin-commissioned survey conducted by Ipsos between August 7-8 and 13-14, 2025. The nationally representative survey was fiel

SEATTLE--(BUSINESS WIRE)--Roughly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract last month, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s up from 14.5% a year earlier and marks the highest July rate in records dating back to 2017. This is based on a Redfin analysis of MLS pending-sales data. The data are seasonal, which is why Redfin compares this July to past Julys. Please note that home

SEATTLE--(BUSINESS WIRE)-- #housingmarket--Roughly one in five (22%) homebuyers are willing to compromise personal safety to afford a home, according to a new survey, commissioned by Redfin, the real estate brokerage powered by Rocket. Still, personal safety is the top non-negotiable for homebuyers, with 78% calling it a “must-have.” It’s followed by two other safety-related location features: a low rate of crime, which 74% consider a must-have, and a low risk of natural disaster, which 68% have on their list o

SEATTLE--(BUSINESS WIRE)-- #housingmarket--Milwaukee is holding up better than any other major U.S. housing market, with home sales up 12% year over year, prices up 8.2%, and the typical seller fetching more than their list price. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. After Milwaukee comes another Midwest hub: Chicago, which in addition to rising prices and sales is seeing a drop in inventory and an uptick in market speed—also signs of a resilient market. Rou

SEATTLE--(BUSINESS WIRE)-- #housingmarket--Homebuyers need to earn $112,131 per year to afford the $447,035 median priced U.S. home, little changed (+0.5%) from a year ago. But in 11 of the 50 most populous U.S. metropolitan areas, the income needed to afford a home has declined. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. Metro Income need to afford median-priced home YoY change in income required to afford median-priced home Oakland, CA $244,073 -4.6% West P