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Renting is slightly cheaper than buying, pushing Gen Z to rent more often than buy

Renting takes up 23% of Gen Zers income while buying often takes 30% of their income.

San franciscoUnited statesNew yorkLos angelesJiayi xuRedfin economic research lead chen zhaoGen zersSan joseAnn arborEconomic research lead chen zhao

Redfin Report: For the First Time in Nearly 2 Years, There s No Major American Metro Where Home Prices Are Falling

Continually rising mortgage rates are further eroding affordability and this week s Fed meeting confirmed that mortgage rates are likely to hold steady for the foreseeable future .

United statesSan antonioFort worthWest palm beachFreddie macRedfin economic research lead chen zhaoRedfin data centerMortgage bankers associationSan joseNew brunswickHomebuyer demand indexRedfin economic research lead chenPalm beachBay equity home loansApartment guideTitle forward

Home Prices Hit All-Time High—Led By These Cities

The steepest price hikes weren’t found in New York, San Francisco or L.A. prices climbed highest in San Diego, Detroit, and Chicago in February.

United statesNew yorkSan diegoLos angelesSp dow jonesBrian lukeRedfin economic research lead chen zhaoHomebuyer demand indexRedfin economic research lead chenMortgage ratesHome pricesAll time high

US Home Sale Price Hits Record $383,725

US Home Sale Price Hits Record $383,725
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Redfin economic research lead chen zhao

Redfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising

The median U.S. home pierce rose 5.2% year over year this week, and mortgage rates hit their highest level since November 2023 .

United statesWest palm beachNassau countySan franciscoFort lauderdaleFreddie macRedfin data centerMortgage bankers associationRedfin economic research lead chen zhaoHomebuyer demand indexRedfin economic research lead chenPalm beachBay equity home loansApartment guideTitle forwardRedfin data

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