RedfinNow becomes first iBuyer to enter the Boston real estate market
With the New England addition, RedfinNow is currently available in 23 markets nationwide
by Marian McPherson Apr 22
March was the hottest month in housing history
The median home price rose 17% annually to $353,000, according to Redfin's March housing report. Nearly half of all homes sold above asking price and none sold below
by Marian McPherson Apr 15
RedfinNow launches in Tucson, Ariz., resumes service in Las Vegas
Redfin's iBuyer service now operates in 22 markets nationwide
by Marian McPherson Apr 14
64% of March home sales included bidding wars: Redfin
Redfin's latest market report reveals just how far buyers must go to secure a home. Single-family listings garnered the most bids followed by townhomes
by Marian McPherson Apr 14
Borrowers locking in mortgages for second homes surged 128%
The annual rise in demand for second homes is nearly quadruple the 34% year-over-year gain for primary homes, according to a new report from Redfin
by Kelsey Ramírez Apr 8
Compass, Redfin, and eXp are America’s next top brokerage models: DelPrete
Opinion
A deeper look at their rapid rise reveals a trio of insightful growth stories — which may very well shape the future of America’s real estate landscape
by Mike DelPrete Apr 7
Redfin finalizes $608M RentPath acquisition earlier than expected
Redfin has acquired RentPath nearly 2 months after CoStar Group paid RentPath a $52 million break fee for a failed acquisition in 2020
by Marian McPherson Apr 5
Median home-sale price reaches all-time high of $335,613
Although the market is currently red-hot, Redfin's latest report released on Friday revealed that homebuyers may give up as home prices continue to grow
by Marian McPherson Apr 2
5 people to watch at Redfin as the company moves into a new era
Redfin is about to get a new second-in-command, all the while continuing its efforts to be consumers' preferred one-stop real estate shop
by Jim Dalrymple II Apr 1
5 big challenges for REX Real Estate in 2021
The well-connected discount brokerage is trying to raise more funding and grow its business as it takes on industry behemoths NAR and Zillow
by Andrea V. Brambila Mar 29
HomeServices of America once again tops Real Trends 500
The Berkshire Hathaway company had the most transaction sides in 2020, though Realogy Brokerage Group did the most volume. Several newer tech-focused companies also had good showings
by Jim Dalrymple II Mar 25
How much are iBuyers paying for customer acquisition?
Opinion
Customer acquisition costs for major iBuyers is roughly similar at $3,000-$4,000, which is about 2-4X more than Redfin
by Mike DelPrete Mar 24
What this spring means for real estate: Buyers beware
Industry professionals painted a picture of a competitive market that only stands to get more intense as the weather gets nicer and more buyers come out this spring
by Lillian Dickerson Mar 19
Redfin exec Scott Nagel announces retirement
Nagel has been with the tech-oriented brokerage for almost 14 years. Adam Wiener, Redfin's current chief growth officer, will take his place
by Jim Dalrymple II Mar 18
Number of homes sold above list price soared in February: Redfin
The median home sale price in the US rose 14.4% to $336,200 in February
Consumer groups support REX suit against anti-rebate law
The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers
by Andrea V. Brambila Mar 16
'We're never going back to normal': Pete Flint on our digital future
To kick off Connect Now on Tuesday, Brad Inman and Trulia co-founder Pete Flint discussed the challenges and opportunities tied to the digitization of real estate
by Marian McPherson Mar 16
IBuyers still on slow road to recovery: Redfin
IBuyers purchased 0.3% of all homes sold across 418 US metro areas analyzed by Redfin during the fourth quarter of 2020, down from 0.8% of all homes sold the year before
by Lillian Dickerson Mar 11
Is Wall Street taking over real estate?
Opinion
Of the 10 largest real estate firms, eight are now publicly traded. These companies represent 575,000 agents, almost 45% of all Realtors
by Brad Inman Mar 9
Sale-to-list price ratio hits all-time high: Redfin
During the 4-week period ending Feb. 28, the median home sale price and the 4-week rolling average of median asking price on newly listed homes also hit new highs
CoStar will pay RentPath $52M for scuttled deal
After the FTC spiked CoStar's attempted acquisition of RentPath, Redfin stepped in to buy the embattled operator of rental marketplaces
by Patrick Kearns Mar 4
Just how impressive is Compass' $3.7B 2020 revenue?
The company revealed yearly revenue numbers that would make most real estate companies green with envy. But not top rival Realogy
by Patrick Kearns Mar 4
Redfin’s bid to buy RentPath isn’t about rentals
Opinion
Of course, Redfin is making a move into the rental space. The only surprise about this acquisition should be what took so long
by Jay Thompson Mar 3
The Real Word: Can ShowingTime competitors step up?
Opinion
This week, Byron Lazine and Nicole White discuss the new showing platform Instashowing, Redfin’s acquisition of RentPath, and Kim Kardashian's and Kayne West's divorce.
by Byron Lazine Feb 26
Redfin: Real estate commissions will drop due to iBuyers, public display
The average buyer broker commission rate iBuyers paid when they resold a home fell to 2.5% in 2020 from 2.8% in 2019, according to a new analysis by Redfin
by Andrea V. Brambila Feb 25
Sellers choose 'buy-before-you-sell' offers 5X more than iBuyer offers
Bridge programs have lower service fees and alleviate seller worries about buying in an inventory-starved market, according to a new report from real estate tech firm Zavvie
by Andrea V. Brambila Feb 25
Redfin CEO reveals iBuyers paid agents less in 2020
In Atlanta, iBuyers paid buyer's agents 3% in 2019. In the fourth quarter of 2020, that dropped to 2.5%
by Patrick Kearns Feb 24
Redfin CEO addresses the company's diversity efforts
Glenn Kelman wants Redfin to be a 'beacon for attracting the real estate industry's most diverse talent'
by Patrick Kearns Feb 24
Redfin rode the hot housing market to profitability in Q4
The company also beat revenue expectations set by analysts for the fourth consecutive quarter
by Patrick Kearns Feb 24
A median home in the United States now costs $330,500: Redfin
According to Redfin's latest survey, home prices surged 14% while sales grew by 20%
BREAKING: Redfin to acquire RentPath for $608M
After the FTC spiked CoStar Group's bid to buy RentPath, Redfin has stepped in to buy the embattled operator of rental portals
by Patrick Kearns Feb 19
Redfin starts displaying flood risk data on listings
Tech-powered brokerage Redfin is now publishing flood risk data for listings on the company's website where such data is available, impacting listings on over 94M homes
by Lillian Dickerson Feb 18
Which cities are the most economically integrated?
Looking for a home in a neighborhood with a good mix of luxury and affordable homes? Look no further than Seattle or Washington, D.C., a new report from Redfin suggests
by Lillian Dickerson Feb 17
$1M home searches hit record high in January: Redfin
Homes priced over $1M made up 10.8% of all saved searches on Redfin.com in January, up from 8.5% the previous year, and the highest point this figure has reached since 2017
by Lillian Dickerson Feb 10
Most cities are making a comeback — but not the priciest ones
Data from Redfin shows that cities are making a comeback, and young white-collar workers are seizing low mortgage rates and work-from-home policies to move to affordable cities
Redfin to display buyer's agent commissions in 65 markets
Redfin's brokerage website and mobile application will soon display the amount of compensation being offered to buyers' agents on more than 700,000 listings
by Patrick Kearns Feb 8
Zillow orders data company to stop scraping its content
In a cease-and-desist letter, Zillow accused Datafiniti of improperly using its data. Datafiniti, which also appears to have harvested Redfin data, says it scans info the way Google does
by Jim Dalrymple II Feb 2
US inventory plunges to all-time low
Homes for sale in rural areas across the nation were down 44.4% year over year during the four weeks ending Jan. 21, driving an all-time low in active listings, according to Redfin
WATCH: Redfin and KW execs go head-to-head at Connect
Redfin's Glenn Kelman and Keller Williams' Josh Team forcefully defended their companies' respective approaches to agent employment. Now, watch the entire video as a special Select subscriber benefit.
by Inman Jan 29
Employees or contractors? KW, Redfin execs debate philosophy
During Inman Connect, Redfin's Glenn Kelman and Keller Williams' Josh Team forcefully defended their companies' respective approaches to agent employment
by Jim Dalrymple II Jan 27
This city is poised to become the hottest real estate market of 2021
A new Zillow survey predicts this Southern metro will outperform all others in price growth
by Patrick Kearns Jan 19