Stay tuned: The tumult of 2024 leaves real estate on a cliffhanger

What will happen with the commission litigation? Which companies may merge? How will consumers behave? The only thing that’s certain is that real estate’s next episode will be big. Continue reading

Redfin commission model drawing more, better agents: Jason Aleem

Aleem, Redfin’s chief of real estate services, also said the agents who have joined since the company adopted a commission model are making more money. Continue reading

Older buyers prioritizing lifestyle over climate risk, Redfin says

In 2023, nearly 37 percent of homes bought by individuals aged 65 and older were located in areas with high risk of extreme heat, compared to 32.3 percent of homes purchased by those under the age of 35. Continue reading

Renters feel less connected to their neighbors than homeowners

Renters are more likely than homeowners to feel disconnected from their neighbors, according to a Redfin-commissioned survey of 894 renters and 805 homeowners aged 18 to 65. Continue reading

New appeal takes on settlement approvals of Compass, others

James Mullis has appealed the final approval of settlements totaling $110 million — a move that suggests the battle over how agents practice and get paid is far from over. Continue reading

The big players sneakily winning the sluggish 2024 housing market

This year has been tough on real estate. But investors think several major companies have done enough to boost their standing — and box out key competitors. Continue reading

What’s the rent? A whole month’s pay, 1 in 5 renters tell Redfin

Redfin report finds 22 percent of U.S. renters say they pay their all of their monthly income to afford rent. They’re borrowing money, getting a second job and pulling from retirement to cover the cost. Continue reading

Low-risk homes appreciate as climate concerns shift the market

A recent Redfin analysis reveals that Americans are increasingly factoring natural disaster risk into their homebuying decisions, with homes in low-risk areas appreciating in value more quickly during the past year than those in high-risk areas. This m… Continue reading

Back-to-back storms tank pending home sales in Florida

Increasingly violent hurricane seasons and surging home insurance costs have tanked Florida’s housing market, according to a Redfin market report published on Tuesday. Continue reading

Housing costs force Americans earning less than $50K to sacrifice

Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat. Continue reading