Tag Archives: Redfin

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

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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

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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?

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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 →

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 →