Former RE/MAX Northwest CEO moves Austin team to Compass
Matt van Winkle served as chief executive officer of RE/MAX Northwest from 2011 until 2022 and will now lead a Compass team
by Ben Verde 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
Buyers need an income that starts with a 3 to live in this pricey city
Buyers need to earn an income of more than $150K to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. In San Jose, buyers must earn at least $361K
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
Growth in residential, rental and mortgage segments lift Zillow in Q1
Zillow tallied growing revenue while stabilizing losses in the first quarter of the year as the reigning search portal narrowed in on its post-commission settlement strategy on Wednesday
by Marian McPherson May 1
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
Coastal cities lead as single-family rent growth soars to 10-month high
Rental price growth for single-family apartments surged 3.4% in February, with Boston, Seattle and New York City rising fastest among US cities, according to CoreLogic data released Tuesday
by Ben Verde Apr 17
Big Tech loses its appetite for office space, adding to landlord woes
Tech firms such as Meta, Amazon, Salesforce, and Google are offloading office space and letting commercial leases expire
by Ben Verde Apr 16
West Coast tech hubs see home values skyrocket in spring market
Seasonal price growth is highest in San Jose as buyers compete for extremely limited inventory, according to an analysis by Zillow
by Ben Verde Apr 15
Jeff Bezos adds $90M mansion to Miami property portfolio
The mansion marks the Amazon founder's third such purchase on Indian Creek Island, an exclusive enclave in Miami with limited availability. The island is also known as 'Billionaire Bunker'
Rent is now more affordable than buying in every major US market
Austin and Seattle were the friendliest cities for renters as the monthly mortgage payment on a starter home in each of the top 50 cities soared above the average rent by more than $1,000
by Ben Verde Mar 26
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
Airbnb reports surge in bookings for the April 8 solar eclipse
Cities within the path of totality for the eclipse on April 8 are experiencing a 1,000% increase in searches for the short term rentals
by Ben Verde Mar 4
The biggest wins, losses and news from Q4 2023 earnings
Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10B year, we’ve rounded up the top stories all in one place. Here’s what you might have missed
by Jessi Healey Feb 29