Tag Archives: Redfin

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

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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

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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 →

Impact of NAR’s commission rule change illuminated in Q3 earnings

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In the wake of the National Association of Realtors’ 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows. Continue reading →

Revenue grows and losses widen for Redfin in Q3

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Seattle-based brokerage and portal Redfin’s third-quarter revenue grew 3 percent year over year to $278 million. However, the company’s net losses ballooned 77.8 percent, according to Thursday’s earnings. Continue reading →

Renter households surge as homeownership costs climb

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Renter households increased by 2.7 percent year-over-year in the third quarter to a record 45.6 million, a rate three times higher than the 0.9 percent uptick in homeowner households, according to a new Redfin analysis. Continue reading →

Gibson commission case sees 4 more settlements

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NextHome, the Keyes Company, John L. Scott Real Estate and the K Company Realty have agreed to pay a combined total of nearly $5 million. Continue reading →

Housing affordability a main issue for early voters: Redfin

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Thirty-eight percent of early voters said housing affordability influenced their presidential vote. Harris voters (43 percent) were more likely to care about housing than Trump voters (29 percent), Redfin said. Continue reading →

Compass leans into private listings with new marketing push

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The brokerage’s efforts to build a powerful exclusive catalog of listings unifies many of its recent efforts — including now the debut of a multiphase marketing strategy. Continue reading →

Judge grants final approval to 9 commission lawsuit settlements

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Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110 million to resolve the litigation. Continue reading →

Share of renters paying under $1,000 hits record low, Redfin says

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Only 32.1 percent of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2 percent in 2022 and 50.4 percent in 2012, according to an analysis from Redfin released Wednesday. Continue reading →