Tag Archives: Redfin

The best and worst ways to handle layoffs as real estate cuts accelerate

By Jim Dalrymple II | June 17, 2022 - 9:00 am |June 17, 2022 Uncategorized

Comments Off on The best and worst ways to handle layoffs as real estate cuts accelerate

The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others. Continue reading →

Do layoffs at Compass and Redfin signal a looming real estate purge?

By Jim Dalrymple II | June 15, 2022 - 9:00 am |June 15, 2022 Uncategorized

Comments Off on Do layoffs at Compass and Redfin signal a looming real estate purge?

The ranks of the real estate industry have swelled over the past decade. Some experts who spoke to Inman believe a trend in the opposite direction may be picking up speed. Continue reading →

Redfin lays off 8% of employees as industry sheds staff

By Taylor Anderson | June 14, 2022 - 5:17 pm |June 14, 2022 Uncategorized

Comments Off on Redfin lays off 8% of employees as industry sheds staff

Redfin follows Compass as second major industry player to lay off hundreds of employees. The move is expected to impact over 500 Redfin employees in agent and support roles. Continue reading →

Homebuyer budgets stayed flat even as prices shot up, new analysis finds

By Ben Verde | June 13, 2022 - 5:19 pm |June 13, 2022 Uncategorized

Comments Off on Homebuyer budgets stayed flat even as prices shot up, new analysis finds

Homebuyer budgets increased by 0.3 percent annually while prices tallied record gains, according to a new analysis by Redfin released Monday. Continue reading →

The brokerage slowdown has begun: Mike DelPrete

By Mike DelPrete | June 7, 2022 - 9:02 pm |June 7, 2022 Uncategorized

Comments Off on The brokerage slowdown has begun: Mike DelPrete

The market is softening and it’s reflected in quarterly declines. Fewer transactions mean less brokerage revenue. Continue reading →

The shifting market will slow prices down — but won’t stop them cold

By Jim Dalrymple II | June 7, 2022 - 9:00 am |June 7, 2022 Uncategorized

Comments Off on The shifting market will slow prices down — but won’t stop them cold

The market is reaching a turning point in which price reductions are more common. But that doesn’t mean homes can’t still appreciate in value. Continue reading →

Buyers regaining some control as market shifts, supply grows: Redfin

By Ben Verde | June 3, 2022 - 7:24 pm |June 3, 2022 Uncategorized

Comments Off on Buyers regaining some control as market shifts, supply grows: Redfin

More than one-in-five sellers dropped their asking price during May 2022, the highest rate since October 2019. Continue reading →

From ‘Better’ to worse: Real estate companies making layoffs so far

By Matt Carter | June 3, 2022 - 9:00 am |June 3, 2022 Uncategorized

Comments Off on From ‘Better’ to worse: Real estate companies making layoffs so far

With a few exceptions, the layoffs have so far largely been confined to companies providing mortgages and mortgage-related services like title and closing. Continue reading →

Is it a housing bubble? Nearly 68% of housing markets are overvalued

By Lillian Dickerson | June 1, 2022 - 4:20 pm |June 1, 2022 Uncategorized

Comments Off on Is it a housing bubble? Nearly 68% of housing markets are overvalued

Data from analytics firm CoreLogic shows 67.9 percent of U.S. regional housing markets were overvalued as of the latest available data from March, meaning incomes in those markets can no longer support home prices. Continue reading →

Home showings see unusual drop in April. Is it a blip or something else?

By Jim Dalrymple II | June 1, 2022 - 1:22 pm |June 1, 2022 Uncategorized

Comments Off on Home showings see unusual drop in April. Is it a blip or something else?

Showings were down across the U.S. in April, which is strange because April is typically when the housing market hits a high point, ShowingTime President Michael Lane said. Continue reading →