Tag: home affordability

Home Prices Jump in Nearly 70 Percent of Residential Markets in First Quarter

May 10, 2023
Business & Marketseconomyhome affordabilityMarketsreal estateU.S. home pricesU.S. housing marketUSUS Real Estate
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U.S. home prices rose in a majority of markets during the first quarter of the year, with around one in 14 markets seeing a double-digit increase in prices. Single-family existing-home sales prices rose in 152 of the 221 tracked markets in Q1, 2023, according to a May 9 press release by the National Association of…

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Twenty-Five Percent of Homebuyers Looking to Shift to New Metro Areas Due to High Cost of Housing: Report

January 25, 2023
Business & Marketseconomyhome affordabilityhome buyershome searchershousing marketInvestmentmortgage ratesreal estaterelocationUSUS Real Estate
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Roughly a quarter of Redfin homebuyers looked to move to a different metropolitan area in the fourth quarter of 2022 owing to home affordability issues, with places like Sacramento, Las Vegas, and Phoenix topping the list of destinations. In fourth quarter 2022, 24.6 percent of Refin users wanted to shift to a new metro area,…

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