Tag Archives: Redfin

A new normal, or a ‘new weird’? Home prices climb despite 6% rates

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As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It’s a strange time, a Redfin economist says. Continue reading →

Investor rush into short-term rentals is outpacing demand

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Average daily rates, nights booked and revenue are all up, according to new data. And investors are bringing short-term rentals online faster than guests can book them. Continue reading →

Redfin launches in Hilton Head, South Carolina

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In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95 percent of the U.S. population. Continue reading →

Luxury home sales plunge to 10-year low, surpassing COVID levels

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Luxury home sales in the U.S. dove by 28.1 percent year over year during the three months ending Aug. 31, 2022 — eclipsing the 23.2 percent drop in luxury sales at the height of the pandemic — Redfin data shows. Continue reading →

Adiós America! Far Homes’ $2.25M seed funding helps buy abroad

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“Their business will benefit their customers, colleagues and communities, not just themselves and their other shareholders,” said Redfin CEO Glenn Kelman. Continue reading →

This is the ‘fastest-slowing’ housing market in the US, new data shows

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The slowdown in housing has been swiftest on the West Coast, where prices in some markets have already fallen by 2 percent since July, according to a new analysis on Wednesday by Redfin. Continue reading →

Inman’s ultimate guide to navigating the topsy-turvy fall housing market

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Buyers and sellers face a new reality where bidding wars will be rare, days on market lengthen and markets go from boom to bust (and bust to boom). But don’t fear — Inman has you covered. Continue reading →

Cash still king as nearly a third of homebuyers spurn costly mortgages 

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All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin. Continue reading →

Real estate companies dip as stock market tallies worst day in 2 years

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Real estate stocks fell on Wall Street, too — though even before the carnage they were already hovering near all-time lows. Continue reading →

Marketing startup Collabra hires former Zillow, eXp Realty execs

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Eric Bloomquist, Tara Clark and Cynthia Nowak all join the growing marketing company shortly after it launched a new platform for agents. The trio brings a ‘combined 60 years’ of experience. Continue reading →