‘Great Reshuffling’ winds down as COVID hotspots and tech hubs cool

Cities in the West that saw prices soar during the pandemic are now cooling while metros in the Northeast and Midwest are showing more resilience, according to a new analysis. Continue reading

Chime: Chatbot AI Assistant at 93% conversational accuracy

The company attributes the success to “consistent coaching and humanizing of the chatbot,” which in the past year increased daily messages by 322 percent and daily lead responses by over 108 percent. Continue reading

Home showings dip in December, but slowdown may be easing

Showings were way down year over year but only dipped a little bit month over month, according to a new report from ShowingTime. They remain up compared to pre-pandemic levels. Continue reading

Remote work will eventually make homebuying more affordable: Study

While remote work helped drive up housing prices during the pandemic, a new study from the Economic Innovation Group argues remote work may help housing affordability in the future. Continue reading

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