Redfin's Q2 revenue declined 21% year over year to $275.6M, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday
Regional banks have largely weathered the crisis fueled by this year's failures of Silicon Valley Bank, Signature Bank and First Republic Bank by pursuing mergers and boosting deposits through 3rd-party brokers
As an interaction with an AI chatbot went south, Cardone blasted Austin and Seattle as the worst places to invest in real estate given how overbuilt the markets have become in recent years
Listing Showcase is part of Zillow's new ShowingTime+ brand and is currently available to a select group of agents that partner with the portal giant, according to the company
A 'drought' of new listings is driving up prices, reversing the sluggishness of late 2022, and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow
Zillow has maintained its agent-lender co-marketing program is RESPA compliant, and admitted no wrongdoing while agreeing to pay $15M, which was granted preliminary approval Monday
Cities in the West that saw prices soar during the pandemic are now cooling while metros in the Northeast and Midwest are showing more resilience, according to a new analysis
Redfin Premier, which matches luxury homebuyers and sellers with a Redfin Premier agent and marketing tools specific to the luxury brand, is launching in every market the brokerage operates
The US notched 14 spots among 20 global cities in a new analysis of homeowners with a net worth of at least $30M. New York City clinched the top spot on a list compiled by REALM and WealthX
The share of $1M homes in the US dropped from a high of 8.6% in June 2022 to approximately 7% in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power
The 3-person Nielsen Group brings a collective 25 years of industry experience and an average annual sales volume of over $50M to Engel & Völkers
In its latest real estate market report, Redfin said the total market value for US homes dropped $2.3T from June to December 2022 — the largest 6-month drop since the Great Recession
Redfin Premier services will now be available to homebuyers across 28 markets. The brokerage also announced new designs for its Redfin Premier Agent profiles and listings
A highly livable city with space to spread out suddenly becomes attractive to wealthy, out-of-state buyers who can now work remotely. What will happen to the market in 2023
While mortgage rates have eased and home prices have fallen in many markets, affordability still has a 'stranglehold on much of the market,' according to research released by Black Knight