Tag Archives: Redfin

After a near 90% fall, analytics firm sees Opendoor shares rising to $6

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A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching. Continue reading →

Anywhere lays off more workers, announces end of RealSure iBuyer

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The company has slashed its workforce by 11 percent since last June, according to U.S. Securities and Exchange Commission filings. The moves come following months of housing market declines. Continue reading →

Pending home sales fall to lowest level since 2015, new data shows

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Pending home sales dropped 32 percent annually during the four-week period ending Jan. 1, with the biggest drop-offs recorded in markets that took off during the pandemic, according to Redfin. Continue reading →

Redfin faces a steep battle as it claws its way toward profitability

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Analysts said Redfin isn’t facing an existential moment but nonetheless experienced a uniquely rough period over the past year. These are the 5 biggest challenges Redfin will face in 2023. Continue reading →

Luxury housing market plunges to new low as priciest inventory rises

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Stock market declines and recession concerns stopped the luxury market in its tracks in Q3, with home sales in the top percentile of the market declining 38 percent year over year, according to Redfin. Continue reading →

The biggest mortgage, lending and housing finance stories of 2022

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The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading →

The 2023 housing market: A real estate ‘reckoning is at hand’

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Economists and other housing experts predict the market will be more balanced among buyers and sellers. Home prices won’t change much while mortgage interest rates will continue to dip. Continue reading →

Monthly payments drop $300 and some homebuyers wade back in

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As home price growth has slowed, mortgage payments have decreased and days on market have risen, homebuyers dip their toes back into the market, according to a new report from Redfin. Continue reading →

‘Lego Movie’ honcho inks $91M sale, rounding out biggest deals of 2022

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Jonathan Burton, a video game designer, film producer and director behind more than two dozen Lego movies and games, sold the Malibu mansion at the wire to score one of the top deals of 2022. Continue reading →