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Real Estate

Nearly 75% of People Worry About Climate Change When Buying or Selling a Home

An increase in natural disasters is especially concerning to young minorities in the South and Northeast. A majority of homebuyers and sellers are concerned about climate change, according to a new survey conducted by Redfin. Almost three-quarters of respondents (73%) said that an increase in the frequency or intensity of natural disasters at least somewhat […]

Real Estate

Entry-Level Homeowners Are in the Driver’s Seat

One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020. Why is this good news for the homeowners? When prices appreciate, homeowners gain equity. In addition, […]

Real Estate

Interest Rates Over Time [INFOGRAPHIC]

Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low. The impact your interest rate has on your monthly mortgage payment is significant. […]

Real Estate

Introducing Redfin Premier: A Premium Service for Luxury Homes

Redfin launched a new luxury real estate service today. Redfin Premier builds on our amazing service for home sellers by providing additional specialized marketing to highlight million-dollar homes and attract luxury buyers. Every Redfin Premier home will receive: Drone* and twilight photography Premium brochures and printed materials High-end yard signs International advertising to reach overseas […]

Real Estate

Housing Market 2020: February Update

Low mortgage rates and even lower inventory are fueling a competitive start to 2020. Daryl Fairweather offers advice for buyers in this seller’s market. Hi guys, Katy from Redfin here and I’m standing here with our chief economist Daryl Fairweather. Thanks for being here, thank you for having me. We are gonna talk about the […]

Real Estate

The Many Benefits of Aging in a Community

There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting the fact that our eyes aren’t as good as they used to be, it helps to be around people who not […]

Real Estate

The Typical Homeowner in a “Redlined” Neighborhood Has Missed Out on $180,000 Worth of Home Equity

The discriminatory housing policy has also contributed to lower homeownership rates for Black families. The typical homeowner in a neighborhood deemed “hazardous” for mortgage lending by the federal government during the redlining era has gained 44% less—or $180,000 less—in home equity than one in a “best” neighborhood over the last 40 years. In a “hazardous” […]

Real Estate

Housing Market Update: February 2020

Low mortgage rates and even lower inventory are fueling a competitive start to 2020. Daryl Fairweather offers advice for buyers in this seller’s market. Hi guys, Katy from Redfin here and I’m standing here with our chief economist Daryl Fairweather. Thanks for being here, thank you for having me. We are gonna talk about the […]

Real Estate

Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries

Spokane, Las Vegas, Charlotte and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are […]