Housing Equality & Policy
Policy
In Texas and Florida, Nearly 90% of Flood-Insurance Policyholders Set to See Premiums Rise Due to FEMA Overhaul
The two Sun Belt states—which have gained more residents than any other state during the pandemic—are getting hit hardest by FEMA’s price hikes. By comparison, 81% of FEMA policyholders overall are seeing costs increase as a result of the agency’s insurance overhaul. Texas and Florida face substantial flood risk, and have in the past had
Homebuyer’s Agent Commission Rate Dips to 2.63%, the Lowest Since At Least 2017
In a strong seller’s market, some homeowners are realizing they can attract bidders without offering as high of a percentage to the buyer’s agent. The typical home seller pays the agent representing the buyer a fee equal to 2.63% of the sale price, down from 2.69% in 2020 and 2.75% in 2017. A fiercely competitive
Neighborhood Crime Data Doesn’t Belong on Real Estate Sites
We recently decided not to add neighborhood crime data to Redfin.com. We were considering this because we’re very much focused on answering all the questions people have when they’re considering a home purchase, and we know that one of these questions is whether they’ll feel safe in a given home or neighborhood. But the data
2 in 5 Real Estate Agents Say Pocket Listings Are Becoming More Common
Pocket listings—homes sold without being marketed publicly—have become more common since 2019, according to a survey of agents. 2.3% of homes listed in the third quarter were marked sold or pending the same day they were listed—an indicator of a potential pocket listing. That’s up from 1.5% two years earlier. Metro areas in Florida and
South Carolina Could See a 10% Increase in Rental Vacancies When Eviction Moratorium Ends
Ending the national eviction will have a different impact in different states, with some positive outcomes, like an increase in homes available for rent or for sale and dire ones like increased homelessness. Getting rental assistance payments out to tenants at risk of eviction is critical, especially in states like South Carolina, which halted most
New Tax Credit Would Make Rent Affordable for Half a Million American Families With Children
The newly enacted child tax credit has the potential to reduce the number of rent-burdened households with children by nearly 9%. The newly enacted child tax credit, which will put an average of $221 per month into the pockets of families earning $150,000 or less with children, would make housing go from unaffordable to affordable
In Texas and Florida, Nearly 90% of Flood-Insurance Policyholders Set to See Premiums Rise Due to FEMA Overhaul
The two Sun Belt states—which have gained more residents than any other state during the pandemic—are getting hit hardest by FEMA’s price hikes. By comparison, 81% of FEMA policyholders overall are seeing costs increase as a result of the agency’s insurance overhaul. Texas and Florida face substantial flood risk, and have in the past had
Homebuyer’s Agent Commission Rate Dips to 2.63%, the Lowest Since At Least 2017
In a strong seller’s market, some homeowners are realizing they can attract bidders without offering as high of a percentage to the buyer’s agent. The typical home seller pays the agent representing the buyer a fee equal to 2.63% of the sale price, down from 2.69% in 2020 and 2.75% in 2017. A fiercely competitive
Neighborhood Crime Data Doesn’t Belong on Real Estate Sites
We recently decided not to add neighborhood crime data to Redfin.com. We were considering this because we’re very much focused on answering all the questions people have when they’re considering a home purchase, and we know that one of these questions is whether they’ll feel safe in a given home or neighborhood. But the data
2 in 5 Real Estate Agents Say Pocket Listings Are Becoming More Common
Pocket listings—homes sold without being marketed publicly—have become more common since 2019, according to a survey of agents. 2.3% of homes listed in the third quarter were marked sold or pending the same day they were listed—an indicator of a potential pocket listing. That’s up from 1.5% two years earlier. Metro areas in Florida and
South Carolina Could See a 10% Increase in Rental Vacancies When Eviction Moratorium Ends
Ending the national eviction will have a different impact in different states, with some positive outcomes, like an increase in homes available for rent or for sale and dire ones like increased homelessness. Getting rental assistance payments out to tenants at risk of eviction is critical, especially in states like South Carolina, which halted most
New Tax Credit Would Make Rent Affordable for Half a Million American Families With Children
The newly enacted child tax credit has the potential to reduce the number of rent-burdened households with children by nearly 9%. The newly enacted child tax credit, which will put an average of $221 per month into the pockets of families earning $150,000 or less with children, would make housing go from unaffordable to affordable