Tag Archives: Redfin

More and more homes are languishing on the market

By | | Uncategorized
Comments Off on More and more homes are languishing on the market

In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales. Continue reading →

Move class-action lawsuit shines harsh light on network’s paid leads

By | | Uncategorized
Comments Off on Move class-action lawsuit shines harsh light on network’s paid leads

Disconnected phones, undeliverable emails and presumed scams have all become more common, customers of Move’s network of companies told Inman in the wake of the Aug. 23 class-action suit. Continue reading →

Umansky threatens to sue NAR as pocket listing pressure mounts

By | | Uncategorized
Comments Off on Umansky threatens to sue NAR as pocket listing pressure mounts

The Agency CEO and founder said he plans to revive a lawsuit against NAR over a pocket listing network. The threat came days after NAR officials convened to reevaluate Clear Cooperation. Continue reading →

Clear Cooperation takes center stage, faces pressure to change

By | | Uncategorized
Comments Off on Clear Cooperation takes center stage, faces pressure to change

Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry’s most polarizing rules. Continue reading →

Redfin Next expanding nationwide by the end of October

By | | Uncategorized
Comments Off on Redfin Next expanding nationwide by the end of October

Seattle-based brokerage Redfin is taking its commission-based payment model, Redfin Next, nationwide on Oct. 27. Redfin Next enables agents to keep their W-2 status and benefits while earning competitive commission splits. Continue reading →

Top Florida indie The Keyes Company settles commission suits

By | | Uncategorized
Comments Off on Top Florida indie The Keyes Company settles commission suits

The settlement was revealed in a new court filing, though the company has not said how much it might pay. The Keyes Company has more than 4,000 agents working across Florida. Continue reading →

US homebuyer down payments reach new record, outpace prices

By | | Uncategorized
Comments Off on US homebuyer down payments reach new record, outpace prices

According to Redfin, the typical U.S. homebuyer’s down payment hit the highest level in over a decade, at 18.6 percent of the purchase price in June, up from 15 percent the previous year. Continue reading →

Redfin lays off nearly 100 Redfin Concierge service employees

By | | Uncategorized
Comments Off on Redfin lays off nearly 100 Redfin Concierge service employees

Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services. Continue reading →

US home prices rise 0.2% in July, slowest growth since January 2023

By | | Uncategorized
Comments Off on US home prices rise 0.2% in July, slowest growth since January 2023

The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday. Continue reading →

$1M homes hit all-time high in US

By | | Uncategorized
Comments Off on $1M homes hit all-time high in US

A record 8.5 percent of all U.S. homes are worth $1 million or more, up from 7.6 percent last year and 4 percent before the pandemic, according to a new Redfin analysis. California is adding them faster than other states. Continue reading →