Invesment

Minneapolis Has the Lowest Black Homeownership Rate of Major Metros in the US

Only half of Black families own their home in Washington, DC, which has the highest Black homeownership rate in the U.S., versus more than 70% of white families. Nationwide, the gap is 44% versus 73.7%.

Just 44% of Black families own the home they live in as of the first quarter of 2020, up from 41.1% in the first quarter of 2019, an increase that may reverse as the coronavirus pandemic upends one of the “most promising economies in recent memory” for Black Americans. For white families, the national homeownership rate is 73.7%, up slightly from 73.2% in

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The Most Affordable Homes in the U.S. Are Getting More Expensive

Low mortgage rates have attracted more buyers to the market—especially first-timers—amid a supply shortage that’s showing no signs of letting up. Meanwhile, prices of expensive homes have risen just 2%.

Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the 12 weeks ending May 31, while prices of the most expensive third of homes increased just 2%.

This is according to an analysis that divided all U.S. residential properties into five tiers based on Redfin Estimates of the homes’ market values as of early June. This report focuses on the “bottom” or

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9 Tips for Selling Your Home During Coronavirus

The coronavirus has affected so many aspects of our lives – from how we work to how we exercise, communicate, and so much more. It has also affected the housing market and how we now buy and sell homes. If you’re thinking about listing your home you may be wondering what you can do to attract homebuyers during this unprecedented time? While executing on curb appeal ideas and implementing strategic home staging are all still worthy endeavors in appealing to homebuyers,  an ideal home office or an entertainment-worthy backyard may have found renewed interest for today’s homebuyers.  Here are 9

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A Record 27% of Homebuyers Are Looking to Move to Another Metro

A growing share of Redfin users look to leave the Bay Area, Washington, D.C. and Seattle for places like Sacramento, Las Vegas and Nashville.

A record 27.0% of home searchers looked to move to another metro area in April and May 2020, a new high in the share of Redfin.com users searching for homes outside their area. It’s up from 25.2% in the second quarter of 2019 and 26.0% in the first quarter of this year.

The latest migration analysis is based on a sample of more than 1 million Redfin.com users who searched for homes across 87 metro areas

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Making an Offer on a House? 11 Strategies to Win

So you’ve found your dream house and you’re ready to make an offer, but how do you make sure your offer stands out among all the others? How do you make your offer more appealing? Whether you’re dealing with a competitive housing market or a cautious seller, getting your offer accepted requires creativity, compromise, and a strong strategy. 

So how can you convince a seller to side in your favor? Check out these 11 strategies to help you seal the deal and make “home sweet home” a reality.

 

1. Get pre-approved for a home loan

Getting pre-approved will show the

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