Get ready for ‘real estate mogul’ Glenn Kelman, reality TV star

The Redfin CEO joins Corcoran CEO Pamela Liebman and other industry professionals in a “Shark Tank”-like real estate show called “Buy My House” to debut in September on Netflix. Continue reading

Falling list prices hit pandemic hot spots hardest, new Redfin study says

Nationally, more than 15 percent of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts. Continue reading

Following 6-month slowdown, the home-sale boom may finally be over

Home sales were down 19 percent year over year in July, a sign the pandemic-era boom in housing demand may be in the rearview mirror, according to new data released Monday by Redfin. Continue reading

Annual rent growth slows for 2nd straight month in July, report says

Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases. Continue reading

When will buyers quit canceling contracts? Not yet, apparently

More buyers have been backing out of deals than at any time since the early weeks of the pandemic. And in July, that share ticked up again, according to a new report from Redfin. Continue reading

Local Logic, CrimeoMeter lock up deal to share crime stats on listings

Crime data became a hot issue in 2021, as Redfin and Realtor.com executives called for portals to cease providing it, and did so themselves. Continue reading

New listings drop 12%, the largest decline in more than 2 years

“Buyers are backing off due to rising housing costs and sellers are holding back because they realize they won’t get the bidding war they would have gotten six months ago,” said Redfin Deputy Chief Economist Taylor Marr. Continue reading

Home offers facing competing bids have plunged over the past 6 months

Fewer homebuyers are facing even a single competing offer. And when buyers find themselves in bidding wars, the field is less crowded, according to a report from Redfin. Continue reading

Redfin’s iBuyer expands into Florida among the hottest US markets

RedfinNow is operational in the Orlando and Tampa areas as of this week and will launch in the Palm Beach and Miami areas later this month, with Florida marking its 16th state in 34 markets. Continue reading

Great Reshuffling revived as record number of buyers chase new metros

A record-high 33.7 percent of homebuyers sought to move from one metropolitan area to another in July, up from 32.6 percent in the second quarter of 2022, according to a report from Redfin released on Thursday. Continue reading