Tag Archives: Redfin

US rent hits just shy of all-time record high: Report

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Despite having cooled for more than a year, the median asking rent in the U.S. remained just $24 below its all-time high as of June 2023, Redfin reported. Continue reading →

Average homes sell above asking price for first time since last year

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The average sale price nationwide just exceeded 100% of list price for the first time since August of last year, according to a new market report from Redfin released on Thursday. Continue reading →

The stories and trends that defined a whirlwind first half of 2023

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Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past six months and could well define the remainder of 2023. Continue reading →

New listings plummet 27%, marking biggest annual fall since pandemic

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The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher. Continue reading →

NAR CEO Bob Goldberg plans to retire at the end of 2024

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Bob Goldberg’s contract will expire on Dec. 31, and the executive plans to retire after three decades at NAR and four decades in real estate, according to the National Association of Realtors. Continue reading →

Will chatbots make housing discrimination worse?

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New artificial intelligence technology can recommend real estate listings based on neighborhoods’ ethnic makeup. Experts are worried about the tech’s potential for discrimination. Continue reading →

Want to buy a home? It’ll cost you $1,030 a month more than renting

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The premium for buying a home is now 17 percent higher than it was a year ago thanks to high interest rates and stubborn home prices, according to John Burns Real Estate Consulting. It might push the rent even higher. Continue reading →

Empty cupboards: The US has 39% fewer homes for sale than in 2018

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New listings dropped 23 percent year over year, pulling the number of homes on the market down 39 percent compared to the same period five years ago, according to an analysis by Redfin issued Thursday. Continue reading →

Meade High School, Kelly Moss and the rise of fake real estate listings

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Two fake Zillow listings went viral at the end of May — one a high school senior prank and the other resulted in buyers losing thousands. Here’s how to save clients from online scammers. Continue reading →