Rural homebuyers need to earn at least $75,000 to afford the typical home, up from $36,000 before the pandemic, with the median home sale price in rural areas up 61% from before the pandemic
Tagged: Redfin
The number of U.S. homebuyers dropped 1.7% to the lowest level on record, aside from the start of the pandemic, amid high housing costs and economic uncertainty, while the number of sellers dropped 0.5% as sellers retreated in response to low buyer demand
Home sales and new listings were little changed month-over-month, as Americans continue to grapple with high costs and economic uncertainty
New functionality allows users to engage in dialogue with Redfin, helping to discover more options as they refine their home search
While VA loans provide a great opportunity for first-time veteran homebuyers to purchase a home without a substantial downpayment, the tradeoff of a bigger loan with higher monthly costs has some vets opting for conventional loans
Nearly half of Americans said they are less likely to make a major purchase like a home due to the ongoing federal government shutdown, a share that has doubled over the past month, rising from 21% in early October to 45% in early November
An analysis of domestic migration data shows high-flood-risk counties lost nearly 30,000 more residents than gained last year, driven largely by outflows from Miami and Houston
As affordability challenges and uncertainty about the economy are keeping buyers and sellers on the sidelines, just 28 out of every 1,000 U.S. homes changed hands in the first nine months of 2025, the lowest rate reported since the 1990s
Home builders nationwide are refraining from starting new projects as they try to offload inventory, with housing starts dropping 6% year-over-year in August, and housing completions dipping 8.4%
A new study reveals that potential homebuyers are increasingly bailing before hitting the closing table, as 15% of homebuying contracts were canceled in the month of September