Where are Americans buying luxury homes in 2026?

Where are Americans buying luxury homes in 2026?

According to this Redfin report, the top four priciest homes sales in July were in Southern California. The rest of the top ten feature two New York City townhouses, three Florida estates, and one in Arizona.

If you were looking to buy a luxury home, which area would you look at first?

u/RedfinJess — 17 hours ago

What Nashville neighborhoods would you recommend moving to in 2026?

We looked at which Nashville neighborhoods are still popular with buyers, even as the overall housing market has slowed down. Based on Redfin data, these five came out on top:

  1. Inglewood
  2. Spring Hill
  3. Christiania
  4. Bellevue
  5. North Nashville

Do you agree with this list? What Nashville neighborhood do you think should be in the top 5?

u/RedfinJess — 1 day ago

Housing and childcare costs consume more than half of the typical U.S. family’s income

The typical working family buying a home spends roughly half (52%) of their income on housing and childcare combined, according to a new Redfin report. But how much families spend varies widely depending on where they live.

In Little Rock, AR, housing and childcare take up about 40% of the typical family’s income, the lowest share in the country. In Los Angeles, it’s nearly 97%, the highest.

For those paying for both housing and childcare, roughly what percentage of your income goes toward the two combined?

u/RedfinJess — 3 days ago

The U.S. housing market is becoming an even stronger buyer’s market

According to a recent Redfin report, the number of homebuyers in the market fell to a record low in July. With 51.3% more home sellers than buyers in the U.S., it is definitely a buyer’s market for those who can afford to buy.

More than 75% of the top U.S. metros are buyer’s markets, with Miami having the strongest, followed by Nashville, Houston, San Antonio, and Austin.

Do you think the stronger buyer’s market will bring more buyers back, or are there still too many barriers to buying a home right now?

u/RedfinJess — 7 days ago
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Where is it a buyer's market right now?

According to a recent Redfin report, the U.S. housing market has slowed this summer, giving buyers more time to shop and negotiate than they've had in recent years. Nationwide, well-priced and move-in-ready homes are still selling quickly, but that's not the case everywhere.

For example, Austin and Nashville strongly favor buyers, while buyers are still competing for homes in parts of Chicago and San Diego.

What's the market like where you live? Are buyers gaining negotiating power, or are desirable homes still selling quickly?

u/RedfinJess — 8 days ago
▲ 9 r/USHousingMarket+1 crossposts

Housing affordability is improving for first-time homebuyers

The income needed to afford a starter home is declining while earnings continue to rise, according to a recent Redfin report. Americans now need to earn $70,693 to afford the typical U.S. starter home, down 1.5% from a year ago. The typical U.S. household now earns about $17,000 more than what's needed to afford a starter home.

Affordability still varies widely by market. Austin saw the biggest improvement in starter-home affordability, while Southern California remains one of the least affordable regions for first-time buyers.

Do you think rising incomes are making a meaningful difference for first-time buyers, or are housing costs still too high?

u/RedfinJess — 15 days ago