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
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
Company is hiring staffers in China for a “revolutionary” real estate venture focused on improving the search for long-term rentals. Continue reading
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
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
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
Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin’s latest market report. Continue reading
The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it’s competing with for consumer mindshare. Continue reading
Fifteen percent of homesellers dropped their asking price during the four-week period ending May 1, compared to 9 percent of sellers last year. Continue reading
Revenue, market share, web users and homes sold by RedfinNow all rose. But the company reported a $90.8 million net loss in a Q1 earnings call on Thursday. Continue reading