A tempest in a teapot or the start of an uprising? Redfin, the publicly owned Seattle-based real estate company with 50 offices nationwide, announced on Monday it is walking away from the National Association of […]
Redfin will soon be requiring agents to cancel their National Association of Realtors membership. In a letter published on Redfin’s website on Monday, Glenn Kelman and Redfin’s leadership team, including Anna Stevens, Anthony Kappus, Bridget […]
Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. Pending-home sales fell 13% from a year ago for the four weeks ending Sept. 17, according to a new report from Redfin. […]
Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7% of homes that […]
Redfin was in the red yet again in the second quarter, but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. Redfin’s financials Revenues […]
23.5% of mortgaged homeowners have a rate below 3%. The post Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6% appeared first on Weekly Real Estate News.
The post Redfin and Zillow Group financial reports reveal broader housing market trends appeared first on Weekly Real Estate News.
The latest financial reports from Zillow Group and Redfin demonstrate ongoing wariness within the U.S. real estate market. Both companies expect revenue from key business segments to decline year-over-year in the first quarter. Zillow forecasts revenue from its advertising […]
Increasing supply and waning demand are putting downward pressure on rental prices, according to a new report from Redfin. The median U.S. asking rent rose 2.4% year over year to $1,942 in January, the smallest […]
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