Disappointing economic news hampers early spring market

Rising mortgage rates thwarted the first weeks of the spring market, according to a Redfin housing report published on Thursday. Homesellers pulled back during the four weeks ending March 31, leading new listing growth to experience the smallest annual… Continue reading

Nepo Babies grow up as data points to new phenomenon: Nepo Buyers

Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday. Continue reading

Redfin expands new compensation plan to 7 more markets

Seattle-based brokerage Redfin has expanded its commission-based payment model, Redfin Next, to agents in Chicago, Connecticut, Dallas, Miami, New York, Palm Beach and Washington, D.C. Redfin execs said Redfin Next will help them navigate market “ups a… Continue reading

Who’s out: The brokerages not covered in the NAR settlement

More than 90 brokerages would not be covered under the $418 million deal, though most have the option of buying in. Continue reading

Homes.com gets analyst boost amid 567% annual traffic spike

Despite the initial controversy, Homes.com isn’t letting up on its traffic war with Zillow, Realtor.com and Redfin. The CoStar-owned portal reported late last week that it reached 149 million unique visitors in February, which equals a mind-boggling 56… Continue reading

Housing affordability will influence vote in 2024 presidential race: Poll

In a new survey released Monday, Redfin revealed more than half of U.S. homeowners and renters “feel negatively” about housing affordability and want a 2024 presidential candidate who can fix it. Continue reading

Redfin is beta testing its new AI search assistant Ask Redfin

Ask Redfin, an artificial intelligence assistant for homeshoppers, is now in beta testing on the company’s mobile iOS search experience. Continue reading

The biggest wins, losses and news from Q4 2023 earnings

Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10 billion year, we’ve rounded up the top stories all in one place. Here’s what you might have missed. Continue reading

Opendoor’s partnership with eXp officially goes live

The companies’ integrated technology will streamline the process to make Opendoor cash offers available to eXp’s tens of thousands of agents. Continue reading

US housing market posted record-setting value growth in 2023

Despite slowing sales, the value of the U.S. housing market experienced record-breaking growth in 2023, according to Redfin’s latest housing report. The total value of 90 million U.S. homes rose from $45.1 trillion in December 2022 to $47.5 trillion in… Continue reading