Sheharyar Bokhari

Sheharyar Bokhari

Sheharyar’s research focuses on better understanding the housing market for audiences inside and outside of Redfin. Prior to joining Redfin, he created commercial real estate sale and rental price indices at the MIT Center for Real Estate. He has also done research on consumer decisions and behavioral biases in real estate pricing. Sheharyar holds a PhD from MIT in Urban and Real Estate Studies.

Email Sheharyar

Most Recent

The Typical Teacher Can Afford 48% of Apartments Near Their School—Up From 41% Last Year. But They Can Afford Just 14% of Homes for Sale

August 14, 2024

Rental affordability has improved thanks to flattening rents and a modest increase in teacher pay.  In Portland, OR, the typical teacher can afford 91% of apartments near their school—the highest share among the metros Redfin analyzed. The share is lowest in Miami, at 0.2%. Cleveland ranks most affordable when it comes to homebuying; the typical

Renter Nation: America’s Renter Population Is Growing Three Times Faster Than Its Homeowner Population Amid Rise in Homebuying Costs

August 2, 2024

The number of renter households grew 1.9% in the second quarter—one of the biggest gains in recent years. The number of homeowner households rose 0.6%—the smallest uptick since 2022. America’s renter population is growing as the cost of homeownership climbs; mortgage payments are up 90% from before the pandemic, while asking rents are up 23%.

Permits to Build U.S. Apartments Have Dropped Nearly 30% Since the Pandemic

July 9, 2024

Builders obtained permits to construct 13 multifamily units per 10,000 people this year, down from an average of 18 in 2021-2023. They’ve pumped the brakes because borrowing costs are high and there’s already a near-record number of units hitting the market, which is limiting rent-price growth. Landlords may feel empowered to jack up rents in

Newly Built Apartments Are Filling Up at the Slowest Pace Since 2020

July 1, 2024

47% of U.S. apartments that were completed in the fourth quarter were rented within three months, down from 60% a year earlier. There are more new apartments hitting the market than normal. As a result, building owners are competing with one another for tenants, which is limiting how much they can boost prices. Newly built

Scroll to Top