Tag Archives: Redfin

The top 10 cities buyers want most are smaller, more affordable

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According to a new report from Redfin, relocating homebuyers continue to seek out more affordable locales in favor of big, expensive coastal cities. Continue reading →

Signs of a buyer’s market emerge as homeseller concessions return

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More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they’re beginning to see signs of a buyer’s market unfold. Continue reading →

Homebuyers demand school data. Portals are grappling with the risks

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Home-listing portals all rely on the same source for school ratings, which are treated as essential by many homebuyers. If used improperly, critics fear the data could lead to Fair Housing violations. Continue reading →

Real estate CEOs: Big changes from bombshell suits ‘improbable’

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The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don’t anticipate major disruptions. Continue reading →

The Agency marks major milestone with expansion into Portland, OR

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Beverly Hills-based global luxury brokerage The Agency is launching its 100th office — in Portland, Oregon — a mere 12 years after its inception. Dirk Hmura and Andrew Misk will lead the enterprise. Continue reading →

Commission lawsuits are piling up. Keep track of them all right here

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In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate’s status quo. Here’s a rundown of all the cases. Continue reading →

Opendoor to double the number of homes it buys each month: CEO

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CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones it has with Zillow and eXp. Continue reading →

Mother of all commission suits filed in Illinois, this time by homebuyers

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“Batton 2,” exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another new suit called Gibson. Continue reading →

Redfin posts profitable Q3 despite another quarter of falling revenue

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The company posted profits of $98.3 million, up 8 percent from the third quarter of 2022, while tallying $269 million in revenue, a decrease of 12 percent from a year ago, according to third-quarter earnings Thursday. Continue reading →