Fewer than 2% of homes changed hands in 2023, marking 10-year low

Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first six months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin. Continue reading

IBuyers gobbled 3.1% marketshare in third quarter of 2019: Redfin

More than 5 percent of homes were sold to iBuyers in Phoenix and Charlotte, the top two markets for the direct-buying platforms. Continue reading