Real Estate

A Typical African American Family Could Afford Just 25 Percent of Homes for Sale Last Year, Down from 39 Percent in 2012

Fewer than one in 10 homes for sale last year were affordable to African American households in San Francisco, Los Angeles, Seattle, Denver and Boston. Less than 1 percent of homes for sale (just 241 out of over 54,000) in San Francisco in 2018 were affordable to African American families. The affordability crisis is the […]

Real Estate

Redfin Direct Arrives in Texas

Today, we launched Redfin Direct in Dallas, Houston, Austin and San Antonio. Redfin Direct helps homebuyers easily see and buy Redfin-listed homes without needing to contact a buyer’s agent. With Redfin Direct, buyers can make their offer more competitive by saving the seller from paying thousands in commissions to a buyer’s agent. With our Book […]

Real Estate

How Does the Supply of Homes for Sale Impact Buyer Demand?

The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Buyer Demand The […]