Taylor Marr (@TaylorAMarr) / X

Taylor Marr

4,896 posts

Taylor Marr

@TaylorAMarr

Sr Housing Economist @Airbnb, formerly Deputy Chief Economist @Redfin. The views expressed are my own. S.D.G

Washington, DC

Joined July 2012

Taylor Marr
@TaylorAMarr
May 19, 2023
There Are Only Four Major U.S. Metro Areas Where It’s Cheaper to Buy a Home Than Rent The typical home costs an estimated 25% more per month to own than rent. Mortgage rates would have to fall significantly for owning to become cheaper than renting redfin.com/news/rent-vs-o…
275K
Taylor Marr
@TaylorAMarr
Oct 13, 2023
Some professional news from me… After 8 years at @Redfin, I’ve joined @Airbnb as their first Senior Housing Economist, where I’ll be digging into a hot topic: short-term rentals’ and housing affordability.
157K
Taylor Marr
@TaylorAMarr
Apr 10, 2023
Demand For Vacation Homes Is Down More Than 50% From Pre-Pandemic Levels The number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February and remained nearly as low in March. redfin.com/news/demand-do…
204K
Taylor Marr
@TaylorAMarr
Dec 4, 2023
Is it cheaper to rent or buy property? From @TheEconomist By our calculations, for 89% of Americans renting a two-bedroom dwelling is now cheaper than buying a comparable property. Three years ago the figure was 16%. economist.com/graphic-detail…
400K
Taylor Marr
@TaylorAMarr
Dec 5, 2022
Super excited to begin working with this data. Redfin Adds Zoning Data for More Than 70 Million Homes
redfin.com
Redfin Adds Zoning Data for More Than 70 Million Homes
Today, we added zoning and land use information to home description pages on Redfin.com. This information, which is provided by our partners at Zoneomics, will help you understand the implications of...
Taylor Marr
@TaylorAMarr
Jun 21, 2023
There Were Fewer Homes for Sale in May Than Any Other Month on Record -The pool of homes for sale is shrinking because homeowners feel trapped by rising mortgage rates, with new listings down 25% to the third lowest level on record. redfin.com/news/housing-m…
132K
Taylor Marr
@TaylorAMarr
Jan 5, 2023
A Record Share of Home Sellers Are Giving Concessions to Buyers Buyers received concessions—such as money for repairs and mortgage-rate buydowns—in a record 42% of home sales in the fourth quarter, up from 31% a year earlier. redfin.com/news/home-sell…
40K
Taylor Marr
@TaylorAMarr
Jan 25, 2023
The Housing Market Has Started To Recover: The housing market has begun to recover after hitting a low point in the second week of November. We’re not out of the woods yet, but homebuyers are coming off the sidelines. redfin.com/news/the-housi…
67K
Taylor Marr
@TaylorAMarr
Nov 15, 2022
Homebuyers Need $107,000 Annually to Afford the Typical U.S. Home–Up 46% From a Year Ago. This is due to high mortgage rates and persistently high home prices. The increases are especially big in Florida. redfin.com/news/homebuyer…
Taylor Marr
@TaylorAMarr
Apr 19, 2023
Home Prices Fell 3% in March—Biggest Annual Drop in Over a Decade Pandemic boomtowns and pricey coastal markets, including Austin and San Jose, saw among the largest price declines. In many more affordable areas, prices continued to climb. redfin.com/news/housing-m…
68K
Taylor Marr
@TaylorAMarr
Dec 2, 2022
42% of homes have no mortgage as of Q2 2022! That is incredible
Odeta Kushi
@odetakushi
Dec 2, 2022
We talk a lot about homeowners being rate-locked into their homes as rates have increased. It's true that 93% of outstanding mortgages were locked in below 6% as of Q2 2022. But 42% of owned homes have no mortgage associated with them, making them immune from the lock-in effect.
Taylor Marr
@TaylorAMarr
Mar 24, 2022
Here is where we are still in terms of the shortage of single family new construction as of Feb. Single-family starts (per household) are 31% below the average from 1960 to 2000. There is room for more supply and as demand cools to higher rates, housing will get healthier!
Taylor Marr
@TaylorAMarr
Apr 14, 2023
*Rents Decline*: The median asking rent fell 0.4% in March to the lowest level in 13 months. Austin and Chicago saw the largest declines, while Raleigh and Cleveland experienced the biggest gains. redfin.com/news/redfin-re…
62K
Taylor Marr
@TaylorAMarr
Apr 7, 2022
Housing Market Update: 12% of homes for sale had price drops in the past four weeks—the highest level since early December—suggesting that sellers’ tight grip on the market is starting to loosen.
Housing Market Update: Share of Sellers Dropping Their Asking Price Climbs Past Last Year’s Rate
From redfin.com