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The median home sale price only declined in one of 50 of the most populous metropolitan areas, according to Redfin. That was in San Antonio, and it was still just a 1% decline.
Redfin Corporation. Redfin Corporation, based in Seattle, provides residential real estate brokerage and mortgage origination services. The company operates in more than 100 markets in the United States and Canada. [1] The company has a 0.80% market share in the United States by number of units sold and has approximately 2,000 lead agents.
Because of high mortgage rates and escalating home prices, buyers need to earn more than $100,000 in 34 of the 50 largest metro areas to buy a typical home, she said.
The typical starter home sold for $240,000 last month, and the average monthly mortgage payment was $1,896, according to a new analysis from Redfin. The former was up 3.4% and the latter 8.2% from ...
Redfin employed about 1,776 real estate agents on average last year, down from 2,426 in 2022. The company also shuttered its online home buying and selling business, RedfinNow, in November 2022.
Six figures or bust. Folks looking to buy needed to earn $100,000 a year or more to afford a home in 50 of the 100 US metros Redfin analyzed, and at least $50,000 to afford everywhere else in the ...
And now they need nearly 25% more than last year to make it happen as the median U.S. home down payment was nearly $56,000 in February, according to a Redfin report released late last week.
No matter which way the real estate market is leaning, though, buying now means you can start building equity ... for example: Redfin data shows that the median price in Austin in June 2022 was ...
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