‘Run for the fire’ Liz Gehringer shares advice for a downturn

“This is not a time to stabilize. If you stabilize in a market like now you’re going to fall behind. You have to grow,” Redfin’s Jason Aleem said at Inman Connect Las Vegas Wednesday. Continue reading

Got milk? Thirsty agent fined $15K for drinking homesellers’ milk

Mike Rose told Canadian regulators in British Columbia he was on a new medication that made him “unusually dehydrated.” But does that justify drinking his clients’ milk, straight from the jug? Continue reading

Redfin adds new tool that shows home’s risk of damaging winds

Nearly half the people who moved within the U.S. in the past year believe they’ll be impacted by climate change in the next decade, according to a survey the company conducted in the spring. Continue reading

Americans are moving into flood-prone cities at alarming rate: Data

Migration into flood- and wildfire-prone counties has more than doubled since the COVID-19 pandemic began, according to a Redfin analysis of domestic migration data released Monday. Continue reading

Pending home sales fall, but Northeast sees a surge: Data

Sales of pending homes declined 2.7 percent in May and were down 22.2 percent from a year ago, but the Northeast saw a 12.9 percent increase, according to new data from the National Association of Realtors. Continue reading

Home sales see typical boost in May to close a sluggish spring

The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000. Continue reading

Builder confidence rises as low inventory hikes new-home demand

New homes now represent a third of all homes on the market. That’s 2.5 times higher than the historical average for the two decades leading up to COVID-19, according to the NAHB/Wells Fargo HMI. Continue reading

Redfin calls employees back to the office part-time: ‘No exceptions’

“Some people will quit over this decision,” Redfin CEO Glenn Kelman told employees on Monday in an internal memo. “No one can say we haven’t made it deliberately.”
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Agents tell hoarder horror stories: ‘The sheriff couldn’t even go in’

From towering garbage to high-level stench, agents told Inman their most traumatic tales from clutter-inclined clients following the discovery of a home filled with “millions” in old comic books. Continue reading