Tag Archives: Redfin

Market shifts, rate hikes and why real estate stocks can’t get a break

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As real estate enters what one observer called a “Wile E. Coyote” moment, real estate companies’ share prices continue to struggle amid market uncertainty. Continue reading →

‘Sellers are starting to freak out:’ Redfin CEO sees market slowdown

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During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift. Continue reading →

List prices are finally starting to fall

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Nearly 1 in 5 homesellers dropped their listing price during the four-week period ending May 22, a high watermark unmatched since October 2019, according to a new report from Redfin. Continue reading →

The shift has begun — but rate hikes won’t be housing’s Achilles’ heel

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Experts expect home sales and price growth to slow down, but they don’t think rising rates will knock everyone out of the market. Continue reading →

Buying a home? 8 popular cities that are still surprisingly affordable

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As buyers continue to reassess where they want to live and relocate at record rates, affordable, popular destinations can still be found — largely in Florida and Texas, according to Redfin. Continue reading →

What’s next after housing cools down? This economist has an idea

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Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect Now. Continue reading →

Is Microsoft gearing up to compete with Zillow for rental market share?

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Company is hiring staffers in China for a “revolutionary” real estate venture focused on improving the search for long-term rentals. Continue reading →

Team of rivals: Zillow and Redfin partner to syndicate 3D Home tours

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Listing agents using Zillow 3D Home tours no longer have to manually add their tours to Redfin. This is the second partnership between the real estate search portal rivals since 2019. Continue reading →

Competition declines for second straight month, report finds

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The dip in competition can be attributed to the increase in mortgage rates, which reached 5.3 percent in May after starting March at just 3.76 percent. Continue reading →

Black homeownership hasn’t slipped, but vast gulf persists

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In the first quarter of 2022, just under 45 percent of Black families owned their home, compared to 74 percent of white families, according to a Redfin analysis of U.S. Census Bureau data released Tuesday. Continue reading →