Redfin economist: ‘We’re going to have pain’ while high inflation lasts

Daryl Fairweather also said during her Yahoo Finance appearance that “demand is very weak” as both homebuyers and sellers take a breather from the housing market. Continue reading

Pandemic-era boomtowns see steepest price growth slowdowns

Median home price growth has slowed the fastest in Austin, Phoenix and San Jose, with fellow pandemic boomtowns Las Vegas and Boise also seeing significant slowdowns. Continue reading

Two top-producing teams merge with Adam Hergenrother’s Livian

BTG and the Neilsen Team will collectively add more than 70 agents to Livian’s ranks. The mergers come during a period of intense competition for talent. Continue reading

Bidding wars fall to lowest level of pandemic as mortgage rates inch up

Only 44.6 percent of offers written by Redfin agents in August faced competition, the lowest rate since April of 2020, according to new data released Friday. Continue reading

Falling list prices hit pandemic hot spots hardest, new Redfin study says

Nationally, more than 15 percent of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts. Continue reading

Home values jumped 31.4% in 2021, adding $9.1T in value

A new report also shows that rural homes, condos and the Sun Belt all fared particularly well during the last year. Continue reading

Opendoor in 2022: As the king of the iBuyers grows, so does its risk

Opendoor faces an array of challenges from other companies and sectors as it aims to hold its position as the biggest and most successful iBuyer in the world. Continue reading

Real estate investors bought record-breaking number of homes in Q3

Investors purchased a record 18.2 percent of U.S. homes, amounting to a new high of $63.6 billion in homes during the third quarter of 2021, according to a new Redfin analysis released Monday. Continue reading

Los Angeles wants to ban iBuying

Amid an ongoing housing shortage and rapid price appreciation, Los Angeles city lawmakers are now searching for ways to thwart iBuyers in their city. Continue reading

Zillow’s iBuyer misstep will soon be ‘a distant memory’: Mike DelPrete

Within the context of long-term industry disruption, Zillow’s loss may simply be an embarrassing detour on its inexorable march to transform real estate. Continue reading