22% of U.S. renters say all their regular income goes toward rent payments, according to a recent Redfin-commissioned survey. 19% of renters report they have worked a job they hated to afford rent.  Just over one in five (22%) U.S. renters say all of their regular income goes directly to paying their rent, according to a recent Redfin-commissioned survey.  Working a second job is also a fairly common way for renters to pay housing costs, with 20% of renters citing that method. Nearly the same share (19%) say they have worked a job they hated to afford rent. The survey findings in this report are from a Redfin-commissioned survey conducted by Ipsos in September 2024, fielded to 1,802 U.S. residents aged 18-65. This report focuses on the 894 renters who answered this question: Which of the following actions have you taken, if any, to help afford your rent payments? Respondents …

This year marked the first time since 2010 that low-risk homes across three major climate categories—heat, fire and flood—gained value faster than high-risk homes. That may be a sign Americans are growing more responsive to natural disasters. Still, high-risk homes are much more valuable than they were before the pandemic. Homes facing low risk from natural disasters are rising in value faster than homes facing high risk: The total value of U.S. homes facing low risk of extreme heat is up 7% year over year to $17.7 trillion. The total value of homes facing high risk of extreme heat is up 6.3% to $29.7 trillion. The total value of homes facing low flood risk is up 6.7% year over year to $40.2 trillion. The total value of homes facing high flood risk is up 6% to $7.2 trillion. The total value of homes facing low fire risk is up 6.6% …

The five U.S. metro areas where pending sales are falling most are all in Florida, though the declines are easing in some metros following a destructive hurricane season. Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest.  In Fort Lauderdale, pending sales dropped 15.2% year over year during the four weeks ending November 10—the biggest decline among the U.S. metropolitan areas Redfin analyzed. Next came Miami (-14%), West Palm Beach (-13.8%), Jacksonville (-9.5%) and Tampa (-7.2%). Nationwide, pending sales rose 4.7% over the same period. The metro-level ranking in this report came from a list of the 50 most populous metros; Redfin included the 47 that had sufficient data. Florida’s housing market has been slowing for months as residents grapple with frequent natural disasters, along with a surge in home insurance costs and HOA fees fueled by intensifying climate risk. The latest shoe …

Automated valuation models (AVMs) provide instant property valuations. They are an algorithm-based tool based on mathematical formulas, property databases, and property characteristics. Used by homeowners, real estate professionals, underwriters, mortgage lenders, investors, and anyone who wants a quick property valuation, AVMs are available on digital platforms. They vary in their sophistication depending on the needs of the end-user. Read on to learn how AVMs work, who uses them, where to find them, and how they serve the world of real estate. What Is an Automated Valuation Model (AVM) in Real Estate? An automated valuation model (AVM) is an algorithm-based tool to determine the value of a home or property. The models use property data including information on local real estate and the neighborhood combined with mathematical or statistical modeling to estimate a property’s value. Property AVMs are available on real estate platforms popular among homeowners, such as Trulia.com, Realtor.com, and …

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