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The Latest Breaking News from Redfin

The best way to help your kids buy a home in a ‘nepo’ market

3 financial strategies for helping young would-be homeowners in a historically unaffordable housing market.

Fortune

One Wall Street Bank says ‘Blame the Boomers’ for the broken housing market—but it’s overlooking these 4 factors

There are five culprits for the current housing crisis—and yes, boomers share the blame.

Fortune

The housing market is so unaffordable that buyers need to make nearly $115K to afford the average home, Redfin says—that’s $40k more than average earnings

Maybe you didn’t know how bad the affordability situation has gotten in the housing market. (It's really bad.)

Fortune

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read the most diverse news in one place.

‘Enough is enough’: Redfin is so furious about the bombshell NAR sexual harassment report it’s ordering thousands of Realtors to ditch the industry group

Redfin only joined the National Association of Realtors in 2017, and now it’s ordering as many of its members to leave as possible. It just can’t yet in some markets.

Fortune

The rental market is softening so fast in some pockets of the country that landlords have no choice but to offer concessions

"With vacancies on the rise, some landlords are doling out one-time discounts to attract renters while maintaining high asking rents on paper"

Fortune

Housing affordability is so strained that 2 in 5 Gen Zers say they are working side hustles to save for a down payment

Gen Zers and millennials are working side hustles to save for down payments, according to a new Redfin study.

Fortune

The housing affordability crisis is a hidden reason your kid doesn’t have a teacher—stunning report shows only 12% can afford homes near work

Redfin crunched data on 70,000 schools in the 50 biggest metros and found the housing market zooming up and away from the stagnant teacher’s salary.

Fortune

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5 Ways to Shop for a Low Mortgage Rate

Mortgage rates are high this year, but you can still find an affordable loan with these tips.

Kiplinger

Redfin: San Francisco home sellers are 4 times as likely to sell at a loss

“Roughly one of every eight (12.3%) homes that sold in San Francisco during the three months ending July 31 was purchased for less than the seller bought it for.”

Fortune

Monthly Mortgage Payments Touch All-Time High

The nationwide median home-sale price has soared to $380,000, reflecting a 5% year-over-year increase.

Zenger

Welcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down payment

Redfin chief economist Daryl Fairweather: "It seems like the only way to kind of get your foot in the door to the housing market is to have some help"

Fortune

Baby boomer housing wealth totals $18 trillion—more than triple the amount owned by millennials

Baby boomers continue to dominate the U.S. housing market.

Fortune

Chicagoans dream of relocating to this coastal city in Florida, according to Redfin

Located in southwest Florida, Cape Coral boasts an intricate network of canals that stretches 400 miles and lush golf courses.

Chicago Sun-Times

5 Best Beach Towns in the U.S. for Retirees

There are plenty of beach towns scattered across America's coasts, but these five are the best and most affordable for retirees to consider. Here are the stats you need to know.

Barchart

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Fortune

This millennial pastor and breadwinner got priced out of the housing market after a brain tumor forced him to sell. He can only get back in by splitting a mortgage with his in-laws

"I kid you not—there were zero affordable homes" says Stephen Drew.

Kiplinger

Zillow, Redfin Link to Connect Homebuyers With Homebuilders

Real estate rivals aim to increase visibility of new-construction listings.

The Guardian - UK

Online fantasising about property – finally something I share with Gwyneth Paltrow

The Goop founder is offering two lucky winners the chance to stay for one night at her Montecito guesthouse – dinner with her included

StockNews.com

Are Investors Buying or Selling These Stocks This Month: Zillow Group (Z) and ContextLogic Inc. (WISH)

With new innovations unfolding daily, some internet stocks are well-positioned to soar, while others might struggle to stay afloat amid the macroeconomic headwinds. In this scenario, are investors buying or selling Zillow Group, Inc. (Z) and ContextLogic Inc. (WISH) this month? Let’s find out….

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news in one place.

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One news app.

Kiplinger

This Surprise City Is the Most Popular Homebuyer Destination

Kiplinger

Moving to Florida? Arizona? Join the Crowd

Americans are moving to Florida, Arizona and disaster-prone counties across the country.

Reason

ACLU-Backed Complaint Says Not Renting to People With Past Evictions Is Illegal Race, Sex Discrimination

HOPE Fair Housing Center argues in a new federal complaint that an Illinois landlord's blanket refusal to rent to people with eviction records amounts to illegal sex and race discrimination.

Barchart

The 3 Best Low-Tax, Low-Cost States to Retire in the U.S.

Out of the thirteen states that don't tax retirees income, I have selected my three favorite.

The Guardian - US

‘Soul-crushing’: converted Bay Area office apartment fail goes viral

Turning offices to residences is touted as a housing fix for a work-from-home era, but a $520,000 listing takes the brief too literally

The Guardian - US

Buying a home in the US is expensive – and that isn’t changing anytime soon

Even if there are fewer home buyers and prices have been falling slightly, they’re still much higher than pre-pandemic and for many, more unaffordable than ever

Axios

America's housing shortage is keeping home prices high

The shortage has its roots in the financial crisis, and was exacerbated by the pandemic.

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