Zillow iBuyer program officially ends as last homes leave the market

A year after announcing it would abandon its iBuyer program, Zillow has offloaded the last of the homes it bought with Zillow Offers, marking the end of a major chapter in real estate history. Continue reading

Redfin adds down payment assistance feature to website

Starting Thursday, homebuyers can scout down payment assistance programs on Redfin listings, thanks to the brokerage’s new partnership with Down Payment Resource. Continue reading

Mortgage is the new money pit for portals: Mike DelPrete

Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies. Continue reading

Mortgage rates haven’t been this chaotic since Black Monday: Study

A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since. Continue reading

Markets in the Midwest, East Coast are weathering headwinds the best

A new Redfin report finds markets in the Midwest and East Coast are weathering the market slowdown better than anywhere else. Chicago, Milwaukee and Albany, New York, top the list. Continue reading

Homebuyers/sellers wanting to live in legal abortion states spikes to 19%

As different states’ laws on sensitive subjects like abortion rights and gender-affirming care for children have changed in the last year, consumers take a harder stance this year on where they consider living based on political views, a new Redfin sur… Continue reading

With rent high and sales slow, more owners are becoming landlords

The slowdown in home sales, paired with the meteoric rise in rent, has more homeowners looking to become landlords rather than sell their homes in this market. Continue reading

Homebuyers in these US cities are backing out of deals at a higher rate

Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest. Continue reading

Bidding wars fall to lowest level of pandemic as mortgage rates inch up

Only 44.6 percent of offers written by Redfin agents in August faced competition, the lowest rate since April of 2020, according to new data released Friday. Continue reading