Tag Archives: Redfin

Redfin offers refund in exchange for buyer agency agreement

By Ben Verde | February 2, 2024 - 5:02 pm |February 2, 2024 Uncategorized

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The new “Sign and Save” program promises homebuyers a refund of 0.25 percent to 0.5 percent for signing a buyer agency agreement. Continue reading →

Homebuyer purchasing power rises by $40K since October rate surge

By Marian McPherson | January 29, 2024 - 5:15 pm |January 29, 2024 Uncategorized

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A buyer with a monthly budget of $3,000 can now purchase a home worth approximately $453,000 — up from $416,000 in October when mortgage rates reached a record of 7.8 percent, according to Redfin. Continue reading →

Compass CEO Robert Reffkin comes out in favor of Homes.com

By Jim Dalrymple II | January 25, 2024 - 4:53 pm |January 25, 2024 Uncategorized

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On Thursday, in conversation with Brad Inman at ICNY, Reffkin weighed in on the portal wars, predicted an improved market in 2024 and revealed he takes public transit around New York. Continue reading →

Empty nesters own twice as many big homes as millennials with kids

By Ben Verde | January 17, 2024 - 7:01 pm |January 17, 2024 Uncategorized

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Empty nest baby boomers own 28.2 percent of the large homes in the United States — twice as many as millennials with kids. Continue reading →

Broker Public Portal appoints former RE/MAX exec as CEO

By Jim Dalrymple II | January 11, 2024 - 5:51 pm |January 11, 2024 Uncategorized

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Dan Troup will lead a company founded by brokerages and MLSs, which aims to build an alternative to big portals such as Zillow and Realtor.com. Continue reading →

Declining mortgage rates bring new-year market thaw: Redfin

By Marian McPherson | January 11, 2024 - 5:14 pm |January 11, 2024 Uncategorized

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The mortgage lock-in effect that plunged the 2023 housing market into a deep freeze has finally started to thaw, according to a new Redfin market report published on Thursday. Continue reading →

Rent falls for 3rd straight month, thanks to new inventory

By Ben Verde | January 9, 2024 - 5:38 pm |January 9, 2024 Uncategorized

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The median asking rent fell 0.8 percent year over year during the last month of 2023, according to a new report by Redfin, which attributes the fall to an increase in supply. Continue reading →

Homebuyers are now paying $400 less per month than in October

By Taylor Anderson | January 4, 2024 - 8:53 pm |January 4, 2024 Uncategorized

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After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there’s no buying spree — yet. Continue reading →

Pandemic relocation boom wanes as remote work, cheap houses fade

By Ben Verde | January 2, 2024 - 5:41 pm |January 2, 2024 Uncategorized

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The share of U.S. homebuyers looking to move to a different city declined for the third straight month in November, according to a new report from Redfin. Continue reading →

A Maryland homeowner just filed yet another commission lawsuit

By Jim Dalrymple II | December 29, 2023 - 6:07 pm |December 29, 2023 Uncategorized

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The case is the latest of numerous antitrust lawsuits that have emerged in the wake of the October verdict in Sitzer | Burnett. It names NAR, Compass, Redfin and others as defendants. Continue reading →