Inman Handbook on new-home sales
New-home sales illuminate the health of the market, and where it might be heading in the near-term. As agents grapple with tight inventory, they'll want to keep an eye on the data
Demand soars for high-end homes
The number of sales involving higher-end homes rose by 26% year over year, outpacing the less expensive end of the market, according to a new analysis by Redfin
by Daniel Houston Jun 2
After buying frenzy, demand for second homes comes down to earth
New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties
by Daniel Houston Jun 10
Summer market will be hot, but not scorching, economists say at Inman Connect
Daryl Fairweather of Redfin and Jeff Tucker of Zillow said during a panel that the market would continue to be strong through the end of 2021
by Lillian Dickerson Jun 16
Why teams should focus on the customer experience over growth
Teams of agents play a crucial role in real estate, but some are focusing on the wrong metrics, experts said at Inman Connect
by Daniel Houston Jun 15
Seattle skyline
A new Redfin report found that homes in some of America's largest metro areas sold for well above asking price in the first half of 2021, bucking an established trend
by Daniel Houston Jun 23
IBuyer transactions return to near pre-pandemic levels
IBuyer purchases by Redfin, Zillow Offers, Opendoor, Offerpad and Bungalo rose 20% in the first quarter of 2021, but remained down year over year, according to new data
by Daniel Houston Jun 25
RealScout adds ClimateCheck data to platform
RealScout's addition of climate risk data into its platform follows a recent trend of real estate companies adding similar data to their portals as homebuyers become increasingly concerned about climate change risk
Redfin launches program to help professionals enter real estate
The career accelerator program will help professionals in other industries prepare for a career with Redfin through in-person classes and training
by Marian McPherson Jul 8
Hispanics most likely to get family help to buy a home: Redfin
52% of Hispanic homeowners said they lived with family or friends without paying rent to save for housing costs, according to a new report
by Andrea V. Brambila Jul 13
Bidding wars begin to cool as more home inventory comes online
Buyer fatigue and a growing home inventory may have contributed to a reduction in bidding wars in June, according to Redfin agents
by Daniel Houston Jul 13
Mortgage boom for second homes takes hit amid new lending rules
New lending rules and a return to the office may have dented the prolific rise in demand for second-home loans, according to new data
by Daniel Houston Jul 14
June home sales see largest decline since 2012: Redfin
Homes also sold at their priciest and at their quickest pace on record during June, but Redfin said that sales pace and market competition have now likely peaked for 2021
by Lillian Dickerson Jul 15
Percentage of all-cash home purchases in US soars to 30%
That figure represents the largest share of homes purchased in all cash since 2014, according to Redfin
by Lillian Dickerson Jul 15
Transitioning into summer, high-end properties are seeing a cool down
As the official start to summer approaches, agents say the market is less chaotic, and more high-end luxury properties seem to be available and lingering on the market
by Lillian Dickerson Jul 16
Americans still want to relocate — even as pandemic fears dwindle
The number of Redfin.com users who searched for a property outside of where they currently live rose to 31.1% during the second quarter, up from 27.6% a year earlier
by Lillian Dickerson Jul 21
Redfin's head of industry relations moves to Realogy
In her new role, former Redfin Head of Industry Relations Caitlin McCrory will lead Realogy's industry advocacy and strategic policy efforts
by Marian McPherson Jul 21
Condo prices jump more than 20% as sales rebound across the US
A new Redfin report found that the median price of a condo hit an all-time high of $304,000 in June
Investor home purchases exceed pre-pandemic levels, hit record high
Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to data released Thursday by Redfin
by Lillian Dickerson Jul 22
Selling to buy? It should get easier in coming weeks, report says
Conditions should start to improve for buyers while remaining great for sellers if current trends hold, according to a new Redfin report
by Daniel Houston Jul 23
Agents should probably learn to play nice with institutional investors
Institutional investors are a growing presence in the US real estate market. The savvy agent should learn how to adapt to their ways — even if it feels a little bit unnatural
by Lillian Dickerson Jul 27
Redfin-owned RentPath names ParkMobile chief exec as new CEO
Jon Ziglar, formerly the CEO of ParkMobile, will lead the newly acquired RentPath's growth strategy, product expansion and listing integration into the Redfin platform
by Marian McPherson Jul 29
Redfin adds ClimateCheck risk data to its website
The news comes on the heels of RealScout and Ojo Labs also adding ClimateCheck data to their listings portals in recent months as consumers become increasingly concerned about climate change risk factors when buying a home
RedfinNow becomes first major iBuyer to launch in Chicago
The expansion follows RedfinNow's recent moves into other northeastern markets, including Baltimore, Washington, DC, and Boston
Redfin's Q2 revenue jumps 121% to $471 million
Redfin Premier and RedfinNow's robust performance pushed Redfin's revenue to new heights during Q2 2021. However, agent attrition and website traffic continue to be an issue
by Marian McPherson Aug 5
Redfin agents returning to the office must be vaccinated, masked
Redfin announced in a company wide email earlier this week that all employees returning to the office must provide proof of vaccination. It's encouraging agents to also mask up
by Libertina Brandt Aug 5
As daily COVID cases surpass 100K, brokerages face tough vax decision
Most brokerages told Inman they can't force agents, who are mostly independent contractors, to get the vaccine. Lawyers Inman spoke to said otherwise
by Libertina Brandt Aug 6
Home prices show signs of leveling off for first time in months
After five consecutive months of record home prices, the market appears to be plateauing, according to several key indicators
by Daniel Houston Aug 9
Demand for second homes drops for second-straight month
Second-home demand fell 21% in July from the previous year, according to a report released on Tuesday by tech-powered brokerage Redfin
by Lillian Dickerson Aug 17
Summer housing slowdown brings bidding wars back to earth
Competition eased throughout the nation for Redfin agents, who reported only 60% of their offers were part of a bidding war in July
by Daniel Houston Aug 17
California's Red Oak Realty goes green
The company is now buying carbon offsets and will help clients do the same, and it has achieved official green certification for its facilities
by Jim Dalrymple II Aug 18
Extreme seller's market shows more signs of leveling off: Redfin
The typical home price has been holding roughly steady for weeks as inventory continues its slow path to recovery
by Daniel Houston Aug 26
Redfin extends iBuyer service into select areas in Atlanta, Nashville
With these latest moves, the Seattle-based brokerage is now offering instant cash offers to sellers in 27 markets throughout the country
by Daniel Houston Sep 1
Offerpad stock surges on second day of trading as iBuyers see gains
The iBuyer's stock spiked 27% on Tuesday before settling back down to $10 per share as investors continued to show interest in companies that make direct cash offers for homes
by Daniel Houston Sep 8
Largest MLS in nation signs off on slew of big changes to listings
California Regional MLS, which boasts more than 108,000 subscribers, has instituted changes on how listing agents and brokers appear on online listing pages
Despite cooling housing market, pending sales continue to climb
During the 4-week period ending Sept. 5, pending sales rose 6% from the year before, according to a report released Wednesday by Redfin
Two men standing on either side of a line on the ground
Real estate brokerage giant says 'many listing search websites misdirect consumers by obfuscating display of a property’s listing firm'
Inman Handbook on Redfin referrals
Market your services in a whole new way when you make Redfin your referral partner
by Christy Murdock Sep 13
Bidding wars reach lowest level since August 2020: Redfin
Thanks to the reemergence of seasonal market patterns, bidding wars have slowed to their lowest level in over a year, according to Redfin's latest market report released on Tuesday
by Marian McPherson Sep 14
NAR vs. DOJ: A timeline of the battle as it stretches into 4th year
An analysis of the association's petition offers a step-by-step timeline of the events leading up to the DOJ's launch of a new investigation of NAR rules
by Andrea V. Brambila Sep 16
Fewer homes sell in August than last year, a first since pandemic boom
Home sales declined in August on a seasonally adjusted basis, settling in 6% lower than the same time last year, according to new data from Redfin released Thursday
by Daniel Houston Sep 16
Fall housing outlook: Cooling prices, tighter inventory, less competition
As the weather cools, so too will competition and housing prices, experts told Inman for its 2021 Fall Housing Market Outlook. Still, agents can expect inventory to remain tight
by Lillian Dickerson Sep 22
'I’ve never seen anything like this': Bidding wars hit the rental market
The for-sale market appears to be cooling down, but the rental market is fiery-hot in housing markets nationwide, with would-be tenants getting their first taste of bidding wars
by Lillian Dickerson Sep 21
Interest in second homes remains down for third consecutive month
Many buyers are still considering second-home purchases, but the number was down from last year's blistering levels, according to a report from Redfin on Wednesday
by Daniel Houston Sep 22
Meet the former Amazon exec tasked with growing Redfin’s reach
Redfin Chief Growth Officer Christian Taubman shares how he balances leading Redfin's product and marketing strategy, and why keeping 'the real world' in mind is key
by Marian McPherson Sep 27
Redfin CEO, Zillow pour cold water on TikToker's iBuyer theory
A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory 'fairly conspiratorial,' and iBuyers themselves said they still have a tiny share of the market
by Jim Dalrymple II Sep 23
3 moments that shaped the career of Redfin CEO Glenn Kelman 
From ditching medical school to hiring agents, Redfin's CEO breaks down the moments that led him to become a successful leader. Read about the three moments that sharpened his leadership skills ahead of his appearance at Inman Connect Las Vegas
by Libertina Brandt Oct 4
Are sellers getting greedy? Asking prices surge to new record
The median asking price of newly listed homes for sale surged 12% year over year to a record high of $361,250, according to a Redfin report
by Lillian Dickerson Sep 29
Why REX pays buyer agents and uses MLSs — sometimes
REX's general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40% of its list-side transactions
Redfin brings cash offer service to 2 largest markets in North Carolina
The Seattle-based brokerage has launched its iBuyer service in Charlotte and Raleigh
by Daniel Houston Sep 30
Redfin partners with home security company to expand self-led tours
Thanks to a new partnership with ADT, homesellers listing vacant homes with Redfin in 22 markets have access to 24/7 home monitoring at no additional cost
by Marian McPherson Oct 7
Despite risk, California fire zones still see rising home prices
A new study by Redfin found that in the areas impacted by California's 5 largest wildfires between 2010 and 2020, home values grew at a rate of 21 percent, slightly slower than the surrounding markets
by Libertina Brandt Oct 11
Compass stock, market cap tumbles to new low
The company's shares ended Monday trading at $10.74, down significantly compared to when they debuted about 6 months ago. The drop reduced Compass' valuation to $4.2B
by Jim Dalrymple II Oct 11
Abortion policies are a dealbreaker for 27% of movers: Redfin
Americans are taking a second look at state laws when choosing where to relocate, a new Redfin study released Monday revealed
by Marian McPherson Oct 18
September sees new upturn in demand for second homes
More buyers were seriously considering a second-home purchase last month, and locked in mortgage rates to prepare for the transaction
by Daniel Houston Oct 20
Here's the one decision that haunts Redfin CEO Glenn Kelman
In a candid interview, Redfin CEO Glenn Kelman talks about his decision to furlough agents and other tipping points that have changed his career
by Marian McPherson Oct 21
Pocket listings are still around, but the off-market landscape is evolving
Two years after the National Association of Realtors approved the Clear Cooperation Policy, pocket listings are as strong as ever. This is Inman's first story in a 5-part series
by Jim Dalrymple II Nov 1
New Redfin tool allows shoppers to phone a friend with FaceTime
The feature lets buyers hop on a FaceTime call with their agents and others, browse listings and share their favorites with the group
by Daniel Houston Oct 27
Redfin CEO Glenn Kelman 'skeptical' about iBuyer growth
Glenn Kelman said Wednesday at Inman Connect that many agents expect iBuyers to grow. He isn't so convinced, but does see disintermediation as a real issue
by Jim Dalrymple II Oct 27
Zillow stocks plunge as competing iBuyers hang steady amid chaos
Thirty minutes into trading on Wednesday, Zillow Group's stock was down about 16.6 percent to around $70.55 per share
No, BlackRock isn't buying up all of Zillow's homes
Zillow's ill-fated iBuying venture drew detractors online before the program collapsed. But as the company races to unload 18,000 homes, were they right about where it's headed?
by Daniel Houston Nov 5
Redfin’s iBuying revenues grew by more than 1,000% in Q3
The brokerage and portal company raked in $540M between July and September, and saw its losses improve
by Jim Dalrymple II Nov 4
Encryption, inequality and 'Zero DOM': 6 pocket listing takeaways
Inman took a deep dive into pocket listings, which continue to polarize the real estate industry long after many thought the practice would disappear
by Jim Dalrymple II Nov 5
Coldwell Banker Bain acquired by Houston title insurance company
Coldwell Banker Bain chair Bill Riss has sold his majority interest in the company to US RES Holdco, an affiliate of Houston title insurance company Stewart Information Services
RedfinNow meets 30-market milestone with Twin Cities launch
Homeowners in Minneapolis and St. Paul can now request an all-cash offer through RedfinNow. This is the 12th market RedfinNow has added this year
by Marian McPherson Nov 12
Los Angeles wants to ban iBuying
The city council just approved an effort that will look for strategies to stop iBuyers such as Opendoor and Redfin
by Jim Dalrymple II Nov 13
@properties CEO on the ups and downs of being an indie brokerage
'Cards get stacked against indies,' said Thad Wong, @properties co-founder and co-CEO, during Connect Now when discussing the challenges of being an independent brokerage
by Lillian Dickerson Nov 16
Real estate investors bought record-breaking number of homes in Q3
Investors purchased a record 18.2% of US homes, amounting to a new high of $63.6B in homes during the third quarter of 2021, according to a new Redfin analysis released Monday
by Lillian Dickerson Nov 16
WATCH: Redfin CEO Glenn Kelman on his iBuyer growth skepticism
Glenn Kelman said at ICLV that many agents expect iBuyers to grow. He isn't so convinced, but he does see disintermediation as a real issue
by Inman Nov 16
6 stories readers might have missed while eating Thanksgiving leftovers
Whether you were stuffing your face with pumpkin pie or breaking up a brawl between brothers who aren't on speaking terms, here are the top stories you might have missed this weekend
by Lillian Dickerson Nov 29
2022 will be pivotal for Offerpad as it competes for the iBuyer crown
With the implosion of Zillow Offers in October, all eyes will be on Opendoor and Offerpad as they duke it out for marketshare in 2022. Here are the biggest challenges Offerpad faces next year
IBuyers net record-high sales in Q3 amid skyrocketing purchase volume
Phoenix homeowners unloaded a mind-blowing $1.47B worth of housing stock to an iBuyer in the third quarter, the first instance an individual housing market has exceeded $1B in iBuyer sales
by Marian McPherson Dec 7
The 6 tech trends that defined real estate in 2021
Finally, COVID-19 wasn't at the heart of the year's prevailing real estate technology trends. Instead, 2021 was marked by notable acquisitions and the fallout from the biggest of them all
by Craig C. Rowe Dec 10
2021 broke records for days on market, median price and more
A new report from Redfin describes 2021 as 'remarkable' and identifies numerous records that fell over the last 12 months
by Jim Dalrymple II Dec 13
Redfin calls on real estate websites to drop crime data
The company cited the real estate industry's history of redlining, as well as the potential to reinforce racial bias, as reasons to abandon crime data on search portals and other websites
by Jim Dalrymple II Dec 13
Redfin in 2022: Does slow and steady ultimately win the race?
Redfin is an iBuyer, a brokerage and a portal. But the company is also known for taking a more conservative approach to growth than some rivals
by Jim Dalrymple II Dec 16
Redfin is right: Why crime data doesn’t equate to ‘safety’
Opinion
Redfin proclaiming that no real estate site should show neighborhood crime data is a pretty bold call to action. Here's why I agree with it — and why you should give strong consideration to not displaying those statistics on your websites
by Jay Thompson Dec 15
Home prices hit near-record high as inventory bottoms out
Redfin chief economist Daryl Fairweather says homebuyers are finding themselves 'priced out of homeownership'
by Andrea V. Brambila Dec 15
Why the housing market won't burn quite as hot in 2022
The housing market will cool slightly in 2022, but will scorch as a multitude of buyers chase too few homes, according to economic experts who spoke with Inman
by Andrea V. Brambila Dec 30
Home inventory hits all-time low
Fewer homes were available in November than in any period on record, driving prices 15% higher than last year, Redfin reports
by Daniel Houston Dec 20
Zillow-owned Trulia will ditch crime data beginning in 2022
The announcement comes days after realtor.com and Redfin also revealed plans to avoid crime data, with the latter company calling on others to follow suit
by Jim Dalrymple II Dec 21
The biggest questions and answers about portals ditching crime data
Redfin, Trulia and realtor.com have all vowed to not use crime data going forward. The companies' stands are now prompting a debate in the industry
by Jim Dalrymple II Dec 23
Can eXp Realty maintain rapid, sustainable growth in 2022?
There's no doubt that eXp has been on a hot streak, but that doesn't mean the brokerage lacks challenges to consider as it looks to 2022, including scaling operations through rapid growth
by Lillian Dickerson Dec 29
5 big challenges for CoStar in 2022
The commercial real estate juggernaut has set its sights on residential sales and faces a bumpy road against incumbents Zillow, Redfin and realtor.com
by Andrea V. Brambila Dec 30
US home sales prices hit another all-time high, leaving buyers in the dust
A new report released Wednesday by Redfin painted a bleak picture for homebuyers already fatigued by a tough market
by Lillian Dickerson Dec 23
Masks, politics and our great divide: Why we need to change course now
Opinion
Brad Inman can’t recall a time when we all were so righteously indignant. Name-calling, picking petty fights and silent judgement are the name of the game. It's time to bridge the divide
by Brad Inman Dec 28
US home sale prices hit new all-time high as supply drops to record low
The median home sale price rose 14.6 percent from the previous year to a high of $361,171 during December, according to a new Redfin report
by Ben Verde Dec 30
All the biggest challenges facing all the biggest companies in real estate
As Inman's '5 Challenges' series wraps up, take a look back at how Keller Williams, Compass, Zillow and 6 other major players will contend with low inventory, rapid growth and more in 2022
by Jim Dalrymple II Jan 2
Redfin CEO Glenn Kelman sees better inventory ahead of rate hike
Buyers are torn between acting before rates climb or avoiding all-time high prices as sellers look to act quickly, Redfin CEO Glenn Kelman said on CNBC earlier this week
by Taylor Anderson Jan 5
Demand slips for vacation homes
Demand for vacation homes slipped modestly in December, but remained 77% above pre-pandemic levels prior to March 2020, according to a report released Thursday from Redfin
by Ben Verde Jan 6
Redfin ramping up mortgage business with $135M acquisition
Bay Equity Home Loans closed nearly 10 times as many loans as Redfin Mortgage in 2021
by Daniel Houston Jan 12
US home sales tally biggest drop since start of pandemic
Record-low inventory dragged home sales down by a seasonally adjusted 3.6% nationwide in December, according to a new Redfin report released Friday
by Taylor Anderson Jan 14
COVID hit the US 2 years ago today. Housing hasn't been the same since
Agents remain optimistic 2 years into the pandemic as the market waits to see who breaks first: buyers or sellers. Buyers, meanwhile, continue to pay record prices. Will the surge continue?
by Taylor Anderson Jan 20
Bidding wars hit the luxury market hard in December: Redfin
Winter weather didn't slow down buyers in December, according to Redfin's latest market report. Although most buyers faced bidding wars, luxury homebuyers bore the brunt of low inventory at the $800K to $1 million mark
by Marian McPherson Jan 19
Offerpad's market cap slips below $1B amid slide on Wall Street
Stocks slid for major iBuyers and tech companies on Wednesday, continuing a difficult start to the year on Wall Street for Offerpad
by Taylor Anderson Jan 19
Rent tallies biggest uptick in 2 years as potential buyers shift to rentals
Rents in December rose 14% year over year in the United States — their biggest increase in 2 years since the first cases of coronavirus were recorded, according to new data from Redfin
by Ben Verde Jan 21
How to work with baby boomers, the X-factor in today's housing market
Baby boomers are the second-largest generation in US history. They're now becoming empty nesters and retiring but remain a force in the housing market
by Jim Dalrymple II Jan 26
Affordable home sales surge while luxury sales falter in Q4
Sales of homes on the lowest end of the price spectrum increased 11.3 percent year over year in the fourth quarter, according to Redfin
by Ben Verde Jan 27
Offerpad stock reaches lowest level ever on Wall Street before rebound
It’s not the only publicly traded real estate brand to face headwinds in the market in January, but it is leading the pack
by Taylor Anderson Jan 28
Share of newly constructed homes on market reaches all-time high
A report from Redfin found that 34.1 percent of homes on the market in the last month of 2021 were new construction, compared to just 25.4 percent the year prior
by Ben Verde Jan 31
How to make sense of iBuying in 2022, post-Zillow
IBuying has existed for years, but it's growing faster than ever and now approaching the scale that could finally make it profitable
by Jim Dalrymple II Feb 2
When will it be a buyer's market? Hold that thought, experts warn
Even with rising rates, record high prices and an increase in new home construction, the seller’s market isn’t set to end soon, economists and housing experts told Inman
by Taylor Anderson Feb 2
Forget what Punxsutawney Phil says: Spring already here for buyers
Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists who spoke to Inman. 'Home shopping season appears to already be in full swing!'
by Ben Verde Feb 2
Austin housing market’s value grew twice as fast as US in 2021
The total value of homes in Austin grew nearly 40% in 2021, while home values across the United States grew by about 19%. Cape Coral trailed Austin with a 36.9% surge in home values
by Ben Verde Feb 3
Buyer agent commissions fall to lowest point since 2017
Intense competition appears to have driven down average buyers' agent commissions last fall to their lowest point since at least 2017
by Jim Dalrymple II Feb 3
How real estate agents can work with Offerpad
For agents looking to enter the iBuyer market or merely up their iBuyer game, Offerpad is but one choice for a partner. Here's what agents who want to work with the iBuyer should know
Last year's stimulus could still be fueling this year's home purchases
Nearly 1 in 4 people planning to buy a home in the next 12 months set aside stimulus money for the transaction, a Redfin survey shows
by Daniel Houston Feb 4
Out-of-towners are causing home prices to soar in relocation hotspots
Prices are up as high as 30% in some relocation hotspots across the Sun Belt, where 9 of the 10 most popular US relocation destinations are, according to a report from Redfin released Monday
by Ben Verde Feb 7
Share of homes available to buyers is falling fast as mortgage rate climbs
If mortgage rates rise to 3.9% by the end of 2022, homes valued above $383,000 would fall out of reach for the typical American couple on a $2K monthly mortgage budget, according to Redfin
by Ben Verde Feb 9
On Google, 'real estate agent' is the job most Americans really want
In 2021, the most popular 'how to become' search on Google was for 'real estate agent,' strongly suggesting a tidal wave of new agents may soon be coming to a housing market near you
Demand for vacation homes now outpacing primary homes: Redfin
Vacation-home demand is the highest it's been in a year and just below a record 90% gain in demand tallied in September 2020, according to data released Thursday by Redfin
by Lillian Dickerson Feb 10
How real estate agents can work with Opendoor
Some agents use the iBuying leader as a tool to help clients find the best path for their needs. Here’s how to get started
by Taylor Anderson Feb 14
Redfin CEO: 'We probably waited too long to build a national brand'
During Inman Connect Now, Redfin CEO Glenn Kelman also noted that there is pressure on agent commissions right now, and expressed support for the MLS system
by Jim Dalrymple II Feb 17
News Quiz: Do you know the biggest stories for the week of Feb. 13?
Compass, Realogy and Redfin all posted earnings reports this week. Test your knowledge of the biggest stories — and quarterly wins and losses — to see if you're up to date on the industry
by Inman Feb 18
Redfin revenue soars 163%, even as losses return in Q4
The company's plan to broaden its revenue sources made progress, with title, mortgage and iBuying offerings on track to generate profits, CEO Glenn Kelman said
by Jim Dalrymple II Feb 17
Fast & Furious: Homes flying off the market in record time, data reveals
57% of homes that went under contract during the four week period ending Feb. 13 did so within just 2 weeks of being listed — an increase of 6% from a year ago, according to new Redfin data
by Ben Verde Feb 18
How real estate agents can work with RedfinNow
Redfin's iBuyer, RedfinNow, forgoes incentives for agents but offers a dedicated customer service team and local title options. Here’s how to get started
by Daniel Houston Feb 22
Families aren't only buyers feeling heat from Wall Street investors
Smaller real estate investors are also feeling the impact of a new wave of institutional investors into markets across the country, economists and investors told Inman in the wake of new data
by Taylor Anderson Feb 22
More bidding wars arose in January than any other time during COVID
70% of home offers handled by Redfin agents faced bidding wars, up from 67.1% in December 2021 and 60% in January 2021, the highest rate since Redfin began tracking the data in April 2020
by Ben Verde Feb 23
'We're not the pocket listing guys anymore': The PLS is now The NLS
The National Listing Service wants to help agents compete with big portals such as Zillow, Realtor.com and Redfin for control of their lead generation
by Andrea V. Brambila Feb 24
Americans relocated in droves last year. But overall they're staying put
In 2021, the typical American homeowner stayed in his or her home for 13.2 years, in part due to the ongoing inventory shortage, according to data released Wednesday by Redfin
by Ben Verde Mar 2
IBuyers purchased over 70K homes in 2021, doubling previous record
'IBuyers purchased 70,402 homes in 2021, more than double the previous annual high of 32,726 homes in 2019,' according to Zillow's Q4 iBuyer report
by Taylor Anderson Mar 2
Offerpad expands California reach with Sacramento entry
The iBuyer’s newest market comes just two weeks after its first launch in the Golden State, where it is avoiding costlier coastal cities
by Taylor Anderson Mar 3
Prices surged in February amid ‘extreme shortage of homes’
The median home-sale price rose to an all-time high of $363,975 in February, and Russia’s war on Ukraine is partially to blame, a new Redfin report says
by Taylor Anderson Mar 4
1 out of every 12 homes in the United States is now valued at $1M or more
The figure represents approximately 6 million American homes that hit the $1 million mark in February, according to data released Wednesday by Redfin
by Ben Verde Mar 9
Cash buyers 4 times more likely to win bidding wars, new study finds
Homebuyers who offered cash were a whopping 334% more likely to win a bidding war than those who chose to finance their purchase, according to a report from Redfin released Monday
by Ben Verde Mar 14
Second-home market hit hard as demand jumps for primary homes
As mortgage rates inched higher, demand for second homes dropped precipitously in February, hitting its lowest level in nearly two years, according to data released Tuesday from Redfin
by Lillian Dickerson Mar 15
COVID caused a 'Great Reshuffling.' Soaring costs are behind a new wave
With priced-out buyers seeking to relocate this spring, real estate agents stressed the importance of referral networks as the latest migration wave comes on the heels of an overheated market
by Taylor Anderson Mar 17
Spring sprang early: 11th-hour tips to win the hottest season of the year
Due to a rush of activity this winter, agents didn't have time to pause and prepare for real estate's busiest season. Luckily, agents can still harness these 6 tips to position themselves for success
by Lillian Dickerson Mar 18
'A spigot turned on full-blast': Ahead of spring, agents scramble for help
Brokers and team leaders told Inman they've been racing to hire support staff in preparation for real estate's busiest season of the year — but finding good help hasn't been easy, they say
by Lillian Dickerson Mar 18
rental image
Rent rose sharply, but it didn’t keep up with the rapid increase in the price of a monthly mortgage, according to a Redfin report released Monday
by Taylor Anderson Mar 21
Inman Connect New York
Are you ready to grow your real estate business? Connect with the smartest real estate pros and learn their secrets at ICNY
by Jodie Cordell Mar 22
The iBuying lessons Jason Aleem is bringing to Redfin's sales team
After helping Redfin's iBuyer business navigate a period of change, Jason Aleem is now tasked with leading its sales team into the next era
by Daniel Houston Apr 13
RentPath rental listings go live on Redfin's real estate portal
For the first time, Redfin users will now be able to search the Seattle-based brokerage's online listing portal for homes and apartments for rent, it was announced Wednesday
by Daniel Houston Mar 24
The condo recovery is underway — but houses remain hotter
Competition for condos has been fierce in the past year as buyers once again looked for homes nearer their cities' urban centers
by Daniel Houston Mar 29
Redfin closes $137.8M acquisition of Bay Equity Home Loans
The deal to purchase the California-based national mortgage lender accelerates the brokerage's strategy to become a one-stop shop for buying, selling, renting and financing a home
by Matt Carter Apr 4
Affordability, debt biggest obstacles to homeownership, renters lament
32% of renters surveyed in a poll conducted by Redfin say they rent because they can't afford to buy a home, while 45% said debt was the main factor keeping them from homeownership
by Ben Verde Apr 8
It looks like the pandemic vacation-home boom is coming to an end
Demand for vacation homes dropped sharply in March — the second straight month a decline was recorded as mortgages ramped up above 5%, according to an analysis by Redfin on Monday
by Ben Verde Apr 11
Power Buyer clients made 1 offer on average. Traditional buyers? 7
A new report from Power Buyer and iBuyer marketplace zavvie says that Power Buying 'could eventually become the norm,' citing its success in helping buyers quickly purchase a home
by Marian McPherson Apr 13
Driven out by high costs, Americans are still relocating at a record pace
A record 32.3% of Redfin.com users nationwide sought to move to a new metropolitan area during the first quarter of 2021 as housing prices and mortgage rates continue to climb
by Ben Verde Apr 13
Gary Keller singled out as 'head of conspiracy' as federal commission lawsuit accelerates
As oral arguments began Monday in the Sitzer federal commission case, plaintiffs questioned the role of buyer agents, what a world without NAR's commission policy would look like, and why they believe Keller is leading an antitrust conspiracy
by Andrea V. Brambila Apr 19
Bidding wars dip for first time in 2022 — but competition still fierce
New data from Redfin shows the market in March was slightly less brutal than one month prior
by Jim Dalrymple II Apr 25
Redfin property search to shine under Constellation1 partnership
Property data does much more than allow for consumers to find available listings; it's behind a number of ancillary but critical brokerage and portal tools
by Craig C. Rowe Apr 26
Redfin settles 'digital redlining' discrimination case
Redfin has reached a settlement with the National Fair Housing Alliance in its discrimination case after nearly 2 years. The brokerage will pay $4M along with making several policy changes
by Marian McPherson May 2
Redfin takes in nearly $600M in Q1 revenue as market share grows
Revenue, market share, web users and homes sold by RedfinNow all rose. But the company reported a $90.8M net loss in a Q1 earnings call on Thursday
by Taylor Anderson May 5
More sellers are dropping their prices, but buyers see little relief
15 percent of homesellers dropped their asking price during the four-week period ending May 1, compared to nine percent of sellers last year
by Ben Verde May 9
Brokerages push back on NAR ad campaign targeting 'competitors'
The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it's competing with for consumer mindshare
by Andrea V. Brambila May 12
Buyers now snapping up homes in 15 days despite latest wave of rate hikes
Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin's latest market report, released Friday
by Marian McPherson May 13
Team of rivals: Zillow and Redfin partner to syndicate 3D Home tours
Listing agents using Zillow 3D Home tours no longer have to manually add their tours to Redfin. This is the second partnership between the 2 real estate search portal rivals since 2019
by Marian McPherson May 18
Competition declines for second straight month, report finds
Just 60.7% of home offers crafted by Redfin agents encountered competition in April — the lowest level since March 2021
by Ben Verde May 18
Is Microsoft gearing up to compete with Zillow for rental market share?
Company is hiring staffers in China for a ‘revolutionary’ real estate venture focused on improving the search for long-term rentals. Few other details are known
by Taylor Anderson May 19
What's next after housing cools down? This economist has an idea
Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect
by Daniel Houston May 19