Redfin CEO talks lapdogs, wolves and riding out commission shifts
At Inman Connect Las Vegas, Redfin CEO Glenn Kelman described an increasingly complicated commission landscape and the shift brokerages and portals must make
by Marian McPherson Jul 31
More than 10M homesellers targeted in class-action media blitz
JND Legal Administration, the company tapped by lawyers to oversee administrative tasks around the Gibson settlement, sent mail out to millions of potential class members earlier this year
by Taylor Anderson Jul 26
Homes are sitting on the market longer amid high costs: Redfin
Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020
by Lillian Dickerson Jul 24
Summer slump sees buyers back out of deals at record rates
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56K home-purchase agreements in June, according to Redfin
by Marian McPherson Jul 23
Swing state housing costs have skyrocketed since 2020 election
Housing affordability will remain an issue at the forefront of the upcoming presidential election, where swing states will determine the next president and the future of housing costs
by Richelle Hammiel Jul 17
Median sales prices rise for 9th week despite slowing demand
Amid slowing homebuyer demand, the US median sales price rose to an all-time high of $397,482 at the beginning of July. However, Redfin says a slowdown may be on the way
by Marian McPherson Jul 11
Zillow, Redfin: Northeast and Midwest rental prices surging
Some Northeast and Midwestern markets saw double-digit increases in median asking rent, according to new data released Tuesday
by Richelle Hammiel Jul 11
Andy Florance calls Realtor.com lawsuit 'PR stunt,' talks future
Florance says Realtor.com lawsuit against CoStar is a response to Homes.com surpassing it in web traffic and takes aim at Zillow
by Taylor Anderson Jul 10
Multifamily building permits have dropped 30% since 2021: Redfin
Rising interest rates and market saturation have caused multifamily builders to slow the rate of new projects, according to a Redfin report published on Tuesday
by Marian McPherson Jul 9
More homebuyers sue to upend how real estate agents get paid
Howard Hanna is the latest brokerage to be hit with a buyer commission suit seeking class-action status
Realtor.com parent sues CoStar Group, claiming theft of portal data
‘Competitors should never be allowed to cheat and steal to get ahead,’ Move, Inc. attorneys claim in a new suit alleging an ex-Realtor.com employee maintained access to the data while at CoStar
by Taylor Anderson Jul 3
Zillow, Redfin sent video user data to Meta, Alphabet, lawsuits charge
The complaints, filed by a San Diego resident, seek class-action status and accuse the real estate companies of violating state and federal privacy laws due to their use of third-party tracking pixels
by Andrea V. Brambila Jun 27
Weak demand drives up share of homesellers cutting prices
The typical home sold for 0.3% less than the original asking price in the past month, according to a new report from Redfin
by Taylor Anderson Jun 27
Zillow partners with Moody's on multifamily rental data
The partnership will give larger multifamily rental operators access to Moody's data on topics such as rents, vacancies and inventory
by Jim Dalrymple II Jun 26
Compass, eXp, Redfin and others file joint motion to dismiss Batton 2
Defendants in the buy-side case, which also includes Weichert Realtors and United Real Estate, say the claims lack standing, are untimely and an attempt to 'parrot' arguments made in Batton 1
by Lillian Dickerson Jun 26
Douglas Elliman released from buy-side lawsuit known as Batton II
The case still names Compass, eXp, Redfin, Weichert Realtors and United Real Estate Group as defendants after Howard Hanna was previously released
by Taylor Anderson Jun 12
Redfin's Rent. names Damon Joshua as president
Joshua brings more than 25 years of experience in sales leadership to his first role in the multifamily real estate sector
by Ben Verde Jun 12
National rents hit highest level since 2022 despite more inventory
The median United States asking rent rose 0.8% year over year in May to $1,653, the highest it's been since October 2022, according to data from Redfin
by Ben Verde Jun 11
Zillow, Redfin, Better seek to grow their mortgage businesses
Even in a down market, companies can uncover key insights to grow market share, Mike DelPrete writes, as long as they have the cash to invest
by Mike DelPrete Jun 10
Microsoft removes portal data from Bing Real Estate after outcry
4 days after Bing Real Estate came under fire for its alleged co-opting of listing data from Zillow, Redfin and Realtor.com, Microsoft has removed for-sale listing data from its site
by Marian McPherson Jun 7
Compass recruits top-performing Redfin agent in Washington
Hal Bennett is based in the Seattle metro area. He joins Compass as brokerages continue to compete for top agent talent
by Jim Dalrymple II Jun 5
Microsoft's mysterious real estate portal sparks data safety concerns
Industry watchers are sounding the alarm about Microsoft's Bing Real Estate, a site that for months has been reposting listings from Zillow, Realtor.com and Redfin without explanation
by Marian McPherson Jun 4
Sellers are cutting prices at record pace to combat softening demand
Sluggish homebuyer activity has pushed sellers to slash prices at a rate unseen since November 2022, according to Redfin. The median asking price fell for the first time in 6 months to $416K
by Marian McPherson May 30
'It's an arms race': How portals are adapting to the commission crunch
The upending of NAR's cooperative compensation rule is a double-edged sword for Zillow and its rivals, experts told Inman. These are the tools and tactics they're adopting to suit the moment
by Marian McPherson May 28
Redfin launches free rental tool for independent property owners
The 'List My Home for Rent' tool is available in 13 US markets and is tailored to property owners with fewer than 10 rentals. Listings will be syndicated to the Rent.com marketplace later this year
by Marian McPherson May 24
One-third of homes on the market are newly built
A new report found that 33.4% of single-family homes for sale in the United States during the first quarter were new builds
by Ben Verde May 21
Redfin expands new compensation plan to agents in 25 more markets
With the expansion, Redfin Next is now available to agents in 36 markets nationwide, according to an announcement Friday. Redfin execs said the plan has 'proven to be even better' than expected
by Marian McPherson May 17
Redfin CEO trying not to 'count chickens' after solid Q1 earnings
A solid Q1 earnings report has Redfin CEO Glenn Kelman feeling confident. However, persistent market headwinds are keeping the CEO from being too bullish
by Marian McPherson May 9
Here's who sank and who soared in Q1 2024 earnings
Real estate’s Q1 earnings are in. From CoStar’s revenue surge to Opendoor’s slump, we have all of the highs and lows
by Jessi Healey May 9
Low-income buyers' mortgage applications drop to 2018 levels
Households with a median income of $64K or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11% from 2020 to 2023
by Marian McPherson May 8
Redfin rides momentum to Q1 revenue bump, beats expectations
Seattle-based Redfin's revenue increased 5% year over year to $225.5M — beating projections of $218.1M. Still, the company is struggling to control net losses, which grew nearly 10% from 2023
by Marian McPherson May 7
Mortgage trends reflect a diversifying America: Redfin
Rising population rates and a shrinking racial wealth gap have led to a rise in new mortgage applications among homebuyers of color, according to Redfin's latest report
by Marian McPherson May 3
Redfin AI search assistant, Ask Redfin, launches nationwide
Ask Redfin is now available nationwide on Redfin's iOS home search app. Ask Redfin can answer a range of questions about listings, market trends and much more
by Marian McPherson May 3
'Buyers are losing faith in the American Dream:' Redfin CEO
Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be key to restoring it
by Marian McPherson Apr 26
Sitzer | Burnett judge consolidates 2 nationwide commission suits
The Gibson and Umpa cases allege Berkshire Hathaway Energy, eXp, Redfin, Weichert, United Real Estate, Douglas Elliman, HomeSmart and others conspired against homesellers nationwide
by Andrea V. Brambila Apr 25
38% of homeowners couldn't afford their home in today's market
Historic rises in median sales prices and mortgage rates have locked homeowners into their homes, according to a new Redfin report. Baby boomers are least able to afford today's market
by Marian McPherson Apr 23
Luxury home prices have reached new heights: Redfin
With a recent boost to inventory and steady demand for high-end properties, luxury homeowners are cashing out existing homes and using cash power to buy a new one, fueling price growth
by Lillian Dickerson Apr 19
Floridians grapple with insurance changes as hurricane season nears
70% of Florida homeowners or the area in which they live have been impacted by changes to cost or coverage of home insurance in the last year, according to a report issued Wednesday by Redfin
by Lillian Dickerson Apr 17
More and more renters believe they will never own a home
Thirty-eight percent of renters don't believe they will ever own a home — up from 27 percent less than a year ago, according to Redfin
by Ben Verde Apr 12
Disappointing economic news hampers early spring market
Economic headwinds and a holiday weekend caused new listings and home tour requests to fall at the end of March, according to Redfin's report. The portal is still bullish on future spring activity
by Marian McPherson Apr 4
Nepo Babies grow up as data points to new phenomenon: Nepo Buyers
36% of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday
by Lillian Dickerson Mar 27
Redfin expands new compensation plan to 7 more markets
Redfin Next is available to agents in 7 major markets across the South, Midwest and East Coast. Redfin execs say it will help them navigate market 'ups and downs,' including NAR's settlement
by Marian McPherson Mar 21
Who's out: The brokerages not covered in the NAR settlement
More than 90 brokerages would not be covered under the $418M deal, though most have the option of buying in
by Andrea V. Brambila Mar 20
Take the Inman Intel Index survey for March
Opinion
The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey today
by Chris LeBarton Mar 20
Homes.com gets analyst boost amid 567% annual traffic spike
CoStar Group's residential portal is having a stellar week as a February traffic boost and NAR's proposed commission settlement encouraged analysts to upgrade their outlook on the company
by Marian McPherson Mar 19
2024 Spring Outlook: Another tight market, this time with extra anxiety
As the first day of spring arrives, 3 economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive US home sales
by Marian McPherson Mar 19
Rent prices post highest annual increase in over a year: Redfin
The median asking rent in the United States rose 2.2% year over year to $1,981 in February, the largest annual gain since January 2023 and a 0.9% increase compared to the month before
by Ben Verde Mar 11
Redfin is beta testing its new AI search assistant Ask Redfin
The generative tool is designed to assist consumers, and anyone looking for a home in the US can opt in to be a part of the early launch phase
by Craig C. Rowe Mar 8
Berkshire Hathaway Energy added to growing Gibson commission suit
Amended complaint alleges Warren Buffett's company abused the trust inspired by his name to encourage homesellers to use HomeServices and further alleged price-fixing conspiracy
Redfin's focus on cost-cutting begins to pay off in Q4 earnings
Seattle-based Redfin's revenue declined 2% year-over-year for Q4 and 11% year-over-year for the full year. Still, the company saw improved gross margins and net losses
by Marian McPherson Feb 27
Redfin in crosshairs as new lawsuit targets buyer-broker commissions
California resident Andrea Freedlund is suing on behalf of homesellers who paid a buyer agent in the 4 years before Redfin announced it was leaving NAR, according to a suit filed in federal court
by Andrea V. Brambila Feb 27
Nevada homeseller files yet another commission lawsuit
Angela Boykin is suing over a home sale from 2022. Her case is the 2nd such recent lawsuit out of Nevada and adds to the growing number of cases that have followed the Sitzer | Burnett verdict
by Jim Dalrymple II Feb 20
WATCH: Andy Florance takes aim at 'Ziltorfin' business tactics
CoStar Group founder and CEO Andy Florance called Zillow, Realtor.com and Redfin pushback against Homes.com traffic numbers 'bait and switch' business tactics
by Christy Murdock Feb 20
Rising rates and home prices stifle January market: Redfin
The Federal Reserve's policy shift depressed homebuyer and homeseller activity in January, according to Redfin. New and active listings both fell from December levels
by Marian McPherson Feb 16
Homeowners are staying put twice as long as they did 2 decades ago
The typical homeowner in 2024 has spent 11.9 years in their home, up from 6.5 years in 2005, according to Redfin data
by Ben Verde Feb 15
'The joy of painting' lives on in former Bob Ross artist retreat
The Mediterranean-style home in Florida was once owned by Bob Ross Inc. and hosted art retreats for Bob Ross-certified instructors and their students. Now it's for sale for $1.999M
by Lillian Dickerson Feb 15
Investors nabbed over a quarter of low-cost homes sold in Q4
Although 26% of low-cost homes were purchased by investors during the last three months of 2023, the share of homes bought by investors fell
by Ben Verde Feb 14
Amid climate concerns, Redfin adds air quality risk data to listings
Redfin will provide air quality risk data for every listing on its app and website, alongside data for wildfire, flood, wind and extreme heat
by Ben Verde Feb 12
Mortgage rates lead to biggest pending sales drop since October
A record one-day jump in mortgage rates on Feb. 2 pushed pending sales down 8 percent — the biggest decline since October, according to Redfin's latest market report
by Marian McPherson Feb 8
How love and politics are impacting homebuyers' decisions
Although affordability is still the No. 1 factor in most homebuyers' moves, 2 surveys from Zillow and Redfin reveal politics and romance also play a role
by Marian McPherson Feb 6
Luxury prices and cash buyers hit a new high to close out 2023
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market
Redfin offers refund in exchange for buyer agency agreement
The new 'Sign and Save' program promises homebuyers a refund of 0.25% to 0.5% for signing a buyer agency agreement
by Ben Verde Feb 2
'Ziltorfin,' Silver Tsunami, lawsuits: Inman's Top 5
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Jan 26
Want to halt the portal war? Standardize MLSs
At ICNY, proptech leaders Eileen Romito, Derek Hooper and Catharine MacIntosh explained how MLS rules led to the rule of real estate portals, and what can be done to take the power back
by Marian McPherson Jan 25
Realtor.com CEO 'loves' heated competition with Homes.com
Realtor.com CEO Damian Eales addressed the traffic rivalry with Homes.com and why competition is good for agents and consumers
by Marian McPherson Jan 25
Tracking the housing recovery? These 12 dates offer crucial clues
Intel is highlighting the most important data releases and events slated for each month of 2024 in an effort to help industry observers follow the arc of residential real estate's rebound this year
by Chris LeBarton Jan 24
Court says $200B commission suit against NAR must go forward
A federal court judge denied a request from the defendants to suspend the case pending the outcome of post-trial motions after the Sitzer | Burnett verdict
by Andrea V. Brambila Jan 18
Empty nesters own twice as many big homes as millennials with kids
Empty nest baby boomers own 28.2% of the large homes in the United States — twice as many as millennials with kids. Gen Z parents own only 0.3% of larger residences
by Ben Verde Jan 17
Broker Public Portal appoints former RE/MAX exec as CEO
Dan Troup will lead a company founded by brokerages and MLSs, which aims to build an alternative to big portals such as Zillow and Realtor.com
by Jim Dalrymple II Jan 11
Declining mortgage rates bring new-year market thaw: Redfin
Mortgage purchase applications and new listings have improved in recent weeks, thanks to a 25% decline in mortgage rates from October's peak of nearly 8%
by Marian McPherson Jan 11
Homebuyers are now paying $400 less per month than in October
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet
by Taylor Anderson Jan 4
Pandemic relocation boom wanes as remote work, cheap houses fade
The share of US homebuyers looking to move to a different city declined for the 3rd straight month in November, according to a new report from Redfin
by Ben Verde Jan 2
From Sitzer to Moehrl, 2023 was the year of commission confusion
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn't the only lawsuit with commissions in the crosshairs
by Andrea V. Brambila Dec 28
Rates keep falling, and buyers and sellers are springing into action
Listings and pending sales hit the highest level in roughly a year, according to a new report from Redfin. Still, a record number of contracts were canceled
by Taylor Anderson Dec 15
DelPrete: Unprofitability raises questions about Redfin's viability
According to Mike DelPrete, high debt, low cash and a lack of profitability in its business model call into question Redfin's current trajectory and its plans for the future
by Mike DelPrete Dec 12
Redfin expands commission-based model in Southern California
New commission-based model, Redfin Next, is now available to agents in San Diego and Orange County. Agents keep their W-2 status and benefits while getting commission splits of up to 75%
by Marian McPherson Dec 12
Redfin rolls out AI-enhanced digital self-staging tool for homebuyers
In partnership with Roomvo, the brokerage and search portal's new Redfin Redesign tool grants homebuyers the ability to alter room finishes while alerting agents to a buyer's growing interest
by Craig C. Rowe Dec 8
Buckle up for the 2024 portal war
Expect the portal wars to go into overdrive in 2024, with CoStar Group leading an ambitious effort to unseat Zillow as the country's top real estate portal, technology advisor Mike DelPrete writes
by Mike DelPrete Dec 6
Seattle-based Coldwell Banker franchise ditches NAR
The company is the latest of several to step away from the National Association of Realtors, which has suffered both a scandal and legal defeats in recent months
by Jim Dalrymple II Dec 1
Americans' average mortgage payment falls $164 in November
A dip in the weekly average for 30-year mortgage rates dropped the average mortgage payment to $2,575 in November, and homebuyers are taking advantage
by Marian McPherson Nov 30
Redfin launches new housing price tracker index
The tool is described in an announcement from the brokerage as similar to the Case-Shiller Home Price Index, but with more real-time and metro-level data
by Ben Verde Nov 28
Signs of a buyer's market emerge as homeseller concessions return
More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they're beginning to see signs of a buyer's market unfold
by Ben Verde Nov 27
Homebuyers demand school data. Portals are grappling with the risks
Home-listing portals all rely on the same source for school ratings, which are treated as essential by many homebuyers. If used improperly, critics fear the data could lead to Fair Housing violations
by Marian McPherson Nov 22
Mother of all commission suits filed in Illinois, this time by homebuyers
'Batton 2,' exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another suit called Gibson
Sitzer | Burnett plaintiffs' attorneys in talks with Department of Justice
Disrupting the National Association of Realtors' use of multiple listing services as a 'vehicle for higher commissions' is at the center of talks, lawyer Michael Ketchmark told Inman exclusively
Redfin CEO: With commissions in peril 'cooperation may crumble'
Redfin CEO Glenn Kelman said at Inman Connect on Wednesday that pressure from lawsuits and the Department of Justice may ultimately lead to 'a different world' than the one that exists today
by Jim Dalrymple II Nov 1
Sitzer attorney files new suit against Compass, Redfin, others
Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy
Redfin eliminates salaries, pivots to commission model in LA and SF
Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program
by Jim Dalrymple II Oct 25
Buyers continue downward spiral, but new listings may be steadying
Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports
by Daniel Houston Oct 19
Anywhere reveals the details of its bombshell commission settlement
Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors
by Taylor Anderson Oct 6
A reverse arrow on a street
An attorney for the Sitzer/Burnett homeseller plaintiffs calls the change a 'stunning admission of guilt' on the eve of a class-action trial set to start Oct. 16
Lack of family, friend support keeps LGBTQ+ buyers behind: Redfin
Redfin survey reveals LGBTQ+ consumers disproportionately struggle with lack of family support during homebuying due to heteronormative expectations for marriage and household formation
by Marian McPherson Oct 4
Intel unpacks the startling price of entry into the US housing market
Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers
by Marian McPherson Oct 4
Andy Florance: Bombshell lawsuits will upend Zillow's business model
CoStar CEO Andy Florance dished with Intel about the commission lawsuits, Zillow and NAR as Homes.com nabbed 100M unique visitors for the first time ever in September
CoStar's Homes.com beats Redfin, Realtor.com to become No. 2 portal
In a sign of the listing portal's growing influence, Homes.com hit more than 100M unique visitors in September, sparking a 1,290% annual increase in traffic. Now the portal is second only to Zillow
Redfin leaves NAR — and calls on its brokers and agents to follow suit
In a message to employees on Monday, Redfin CEO Glenn Kelman cited NAR's harassment scandal and other grievances as reasons for calling on 1,800 Realtors to cancel memberships
by Ben Verde Oct 2
Glenn Kelman sees silver lining in sales spiral: 'It can't go much lower'
Redfin CEO Glenn Kelman said Tuesday on CNBC that as sales continue to decline, the company will need to cut costs strategically and respond to economic challenges one day at a time
by Lillian Dickerson Sep 27
Record share of homebuyers flee into the path of climate change
People are concerned about the changing climate's impact on their hometowns, but they're more concerned about a lack of housing affordability, according to a new report from Redfin
by Taylor Anderson Sep 27
Buyers cancel contracts in droves as prices and interest rates soar
Nearly 60,000 home purchase contracts were canceled nationwide during August, even when it meant losing their earnest money deposits, according to Redfin's report
by Ben Verde Sep 18
Return-to-office policies aren't the only reason people are moving
In-office requirements were identified as an emerging factor in the real estate market, as fewer and fewer companies are willing to accommodate remote work, according to a report by Redfin
by Ben Verde Sep 14
Vacation home demand near 7-year low due to costs, employer policies
Mortgage-rate locks on second homes were down 47% from pre-pandemic levels in August as market factors have made owning a second home more costly and complicated in the last year
by Lillian Dickerson Sep 14
Rent remains near record highs, but the balance of power is shifting
At $2,052, the median monthly rent remains near its all-time high. But builders are wrapping up construction on thousands of new units, and rents could start falling soon
by Taylor Anderson Sep 12
Bay Area homesellers cringe, with 1 in 8 losing money at closing table
Some 12.3% of San Francisco homesellers who sold their homes during the 3-month period ending July 31 lost money on the sale
by Ben Verde Sep 6
Investor activity keeps slowing down from pandemic-era highs
Phoenix, Las Vegas and other Sunbelt metro areas saw the biggest slowdowns in investor activity as high rates and low demand cooled activity nationwide, according to reports
by Taylor Anderson Aug 31
Redfin President of Real Estate Services Adam Wiener is moving on
In a memo to employees, Redfin CEO Glenn Kelman said the 15-year veteran of the company will serve as an advisor after his final day on Sept. 8. Redfin has no plan to fill the vacated position
by Lillian Dickerson Aug 31
Real estate has trimmed its losses. But 'winter is coming': DelPrete
Even as real estate companies cut costs and narrowed losses in the second quarter of 2023, the third quarter may deliver the truest test of their financial mettle, Mike DelPrete told Intel
by Daniel Houston Aug 30
Pending home sales climb to 2023 high following months of declines
Pending home sales rose 0.7% from June to July, reversing 7 months of declines. However, rising rates and home prices are poised to stifle sales growth into the fall, Redfin said on Friday
by Marian McPherson Aug 25
Share of homebuyers looking to move cities hits new high
Homebuyers have been dropping out of the market. Of the ones who are still in, more are eyeing a cross-city relocation, Redfin data suggests
by Daniel Houston Aug 23
The internet fell hard for real estate in 2021. But can the love affair last?
Nearly 3 years after 'Saturday Night Live' declared 'real estate is your sex now' in a popular Zillow parody, mind share around the industry is sagging, according to an Intel analysis of traffic data
by Jim Dalrymple II Aug 23
Redfin’s return to office shows unique stress for US office market
Experts expect US companies to adjust remote work policies in the coming 6-12 months as office market suffers. 'Our cultures are different around work-life balance,' said CBRE's Julie Whelan
by Taylor Anderson Aug 22
The Agency rides into Kentucky with Louisville franchise
As the luxury brokerage continues to expand its Midwestern presence, it has strategically moved into Kentucky with Managing Partner Jason Farabee leading the new office, the company said
by Lillian Dickerson Aug 22
Redfin CEO says housing sales volume has hit 'rock bottom'
Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get
by Daniel Houston Aug 18
Texas, Florida buyers are trading civil rights for affordability: Redfin
Residents in Florida and Texas would rather live in states with abortion care and LGBTQ rights, but affordability worries force them to stay in their current states, according to a new Redfin survey
by Marian McPherson Aug 16
In crucial Q2, real estate separated wheat from the chaff: Intel analysis
The biggest publicly traded brokerages and tech companies significantly slashed losses in the second quarter, restoring investor confidence, according to an Intel analysis of Q2 earnings data
by Daniel Houston Aug 16
A stock analyst reveals the 2 big winners from Q2 earnings season
Among the publicly traded real estate enterprises to release second-quarter earnings reports this month, 2 companies stood out for John Campbell, a managing director at analytics firm Stephens
by Daniel Houston Aug 16
Nearly 1 in 9 US homes command $1M as luxury prices soar in June
The share of US homes valued at $1M or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows
by Lillian Dickerson Aug 14
Worth of US homes nears $50T as real estate values hit all-time high
The total worth of homes in the United States hit a record high of $46.8T in June, overtaking the prior all-time high of $46.6T set a year earlier, according to the analysis by Redfin Friday
by Ben Verde Aug 11
Redfin flirts with exclusive listings amid Clear Cooperation takedown
Redfin Senior Director of Brokerage Operations Joe Rath and NextHome CEO James Dwiggins said during an Inman Connect panel that pocket listings have proliferated since Clear Cooperation
by Craig C. Rowe Aug 10
'Run for the fire': Liz Gehringer shares advice for a downturn
'This is not a time to stabilize. If you stabilize in a market like now you're going to fall behind. You have to grow,' Redfin's Jason Aleem said at Inman Connect Las Vegas Wednesday
by Taylor Anderson Aug 9
Real estate is having its Blockbuster vs. Netflix moment
At Inman Connect Las Vegas, real estate strategist Mike DelPrete explained the 'unfair advantage' of the low-fee business models and how agents are the ultimate solution
by Marian McPherson Aug 8
The ultimate guide to Inman Connect Las Vegas 2023
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City
by Marian McPherson Aug 8