Redfin: The coronavirus has a bigger impact on sales than the election
According to Redfin's latest survey, only 22 percent of buyers and sellers are adjusting their real estate plans due to the presidential election
by Marian McPherson Oct 6
'As good as it gets for homesellers': New median US home price record
Amid intense market demand and low inventory, the U.S. median home price hit a record high of $319,769 in the 4 weeks ending September 27, according to data from Redfin
by Lillian Dickerson Oct 6
As new home sales soar, listings take a dip in August
New listings of newly constructed homes decreased 4.1% year over year to a seasonally adjusted rate of 74,000 in August, according to a report on Friday from Redfin
by Lillian Dickerson Sep 25
Homebuyer migration rates reach highest level since 2017: Redfin
At a national level, 28.7% of Redfin.com users looked to move to a different metro area during July and August, according to the brokerage's latest migration report
by Lillian Dickerson Sep 24
The Inman Handbook on making Redfin your referral partner
Ever thought about marketing your services on Redfin? Find out everything you need to know to get started, including tips from long-time Redfin Partners
Redfin: Homes are selling like hot cakes in swing counties
According to Redfin's latest market analysis, the home sales pace is growing fastest in swing counties as urban homebuyers migrate to suburban locales
by Marian McPherson Sep 18
The pandemic impact: Buyers want more space, less density
Redfin's chief economist and AirDNA's CEO discuss the trends they're seeing in the housing market at Inman Connect Now
by Patrick Kearns Sep 15
Brad Inman: Look up or you'll miss the opportunity
Brad Inman kicks off today's Connect Now digital event with his advice for this fall. Read an excerpt, and make plans to join us today at 11 a.m. ET / 8 a.m. PT
by Inman Sep 15
Redfin's chief growth officer on maintaining optimism during the pandemic
Adam Wiener said the brokerage has adopted an educational tone to try and increase public knowledge on the current state of the real estate market amidst uncertain times
by Lillian Dickerson Sep 14
IBuyer purchases dropped 88% in Q2 as pandemic raged
RedfinNow, Offerpad, Opendoor and Zillow only bought 880 homes in the second quarter of 2020, according to a new study by Redfin released Thursday
by Patrick Kearns Sep 11
How real estate agents can avoid further segregating the suburbs
As urban buyers look for more space, agents need to be increasingly wary of racial steering
by Patrick Kearns Sep 11
Zillow, Redfin lead push for more corporate diversity
The companies are helping lead a new initiative dubbed the Board Challenge, which is meant to increase diversity among directors on company boards
by Jim Dalrymple II Sep 9
Fall is the new spring in real estate
Record-low mortgage rates, skyrocketing buyer demand, and shrinking inventory have pushed the housing market's busy season forward through at least the end of the year
by Andrea V. Brambila Sep 8
Looking for a better deal? Consider the condo
Although price appreciation is outpacing affordability gains in the single-family sector, there are deals to be found with condominiums and co-ops, economists told Inman
by Patrick Kearns Sep 4
It's a wash: Home price appreciation outpaces savings from low rates
While purchasing power rose by 6.9% year over year in July, home prices climbed 8.2%, according to a new study released Thursday by Redfin
by Patrick Kearns Sep 3
What's the future of iBuyers in light of COVID-19?
Opinion
Although no one knows exactly what the future holds for real estate, things seem particularly uncertain for iBuyers. Here's a look at the advantages and disadvantages these companies are facing as they navigate the current housing market
by Luke Babich Aug 28
New single-family home sales show housing had 'blockbuster month'
New single-family home sales climbed 36.3% year over year, according to data released by the US Census Bureau and the Department of Housing and Urban Development
by Patrick Kearns Aug 25
'Seasonality is out the window': The late summer housing market is hot, hot, hot
But Redfin warns that lack of economic stimulus plan from Congress could lead to a housing downturn
by Andrea V. Brambila Aug 19
Luxury market shows signs of recovery as home prices rise
A new Redfin report found that the median price of a luxury home in the US is $825,000, a 1.2 percent rise from the same period last year
DelPrete: iBuyer market share plummets, slow recovery ahead
IBuyers are buying homes again but with a more cautious approach. Once they prove they can survive the pandemic, they’ll still have to overcome the challenge of profitability
by Mike DelPrete Aug 18
Rural home prices jump 11% in July: Redfin
Suburban and urban areas also saw home price growth during this period, although not to the extent of rural areas, according to a Redfin report
by Lillian Dickerson Aug 17
As Americans daydream about real estate, Zillow tallies record usership
As quarantining Americans window-shop for new homes, Zillow's mobile app surged to 2.17 million daily active users Thursday, according to Apptopia, an app intelligence company
by Lillian Dickerson Aug 14
Bidding wars get brutal as buyers chase dwindling supply
Buyers in some markets are offering hundreds of thousands of dollars over asking prices — and still losing bidding wars. 'Normally there's 13, maybe up to 20 offers. But 39 is bonkers.'
by Jim Dalrymple II Aug 14
'It’s as hot a seller’s market as I’ve ever seen': More than half of all July home offers faced competition
Salt Lake City, San Francisco and San Diego were the 3 most competitive metro areas for Redfin agents making offers last month, according to a new Redfin analysis
by Jim Dalrymple II Aug 10
Quarter of homebuyers are moving — and moving sooner than expected
Twenty-five percent of homebuyers reported the pandemic has caused them to move — or speed up their moving timeline, according to a survey conducted by Redfin
by Lillian Dickerson Aug 5
EXp Realty wants to go head-to-head with Zillow and Redfin
At Connect Now, CEO Glenn Sanford shared why the company is launching a consumer-facing platform and why he believes agents need to make tough decisions with certain vendors
by Patrick Kearns Aug 4
Late July home sales prices reach record heights: Redfin
The median home sale price soared 11% year over year during the week ending July 26, bringing that figure up to a record-high of $315K, according to a market report by Redfin
by Lillian Dickerson Aug 4
Moving at 'breakneck speed,' Redfin posts unexpected revenue growth
After announcing 8% year-over-year revenue growth, CEO Glenn Kelman said 'it would be hard to overstate how strong' the housing market is right now
by Jim Dalrymple II Jul 30
As bidding wars spike, 20% of winning offers waive inspection contingency
Low mortgage rates, a severe inventory shortage and pandemic-related uncertainty are pushing buyers to take risks in a hot market
by Andrea V. Brambila Jul 28
Earnings calls will reveal impact of COVID-19 on Zillow, Redfin, Realogy
Company earnings this week and next will likely provide insight in the coming weeks into how big an impact the coronavirus pandemic has had on real estate. Here's what to expect
by Patrick Kearns Jul 28
Share of buyers looking to move out of town hits record high: Redfin
The coronavirus pandemic has made homebuyers rethink what they want in a home and whether to seek out more spacious digs, according to a new Redfin analysis
by Andrea V. Brambila Jul 24
Why Redfin has a cap on its iBuyer business
Redfin CEO Glenn Kelman discusses the short- and long-term outlooks for RedfinNow in a chat with Austin Smith, the director of Millionacres
by Patrick Kearns Jul 21
Median home sale price reaches all-time high
The median home sale price in the US rose by 2.8% from the previous year in June, marking an all-time high of $311,300, according to Redfin
by Lillian Dickerson Jul 20
Home sales have officially exceeded pre-pandemic levels
Fueled by record-low mortgage rates, home sales have surged beyond January and February, according to Redfin's latest monthly market survey
by Patrick Kearns Jul 16
Bidding wars intensify nationwide as mortgage rates hit new low
Boston experienced the highest frequency of bidding wars, with 72.4% of all offers facing competition, according to a Redfin survey released Friday
by Patrick Kearns Jul 10
The rate of Black homeownership has declined in cities since 2012
Minneapolis, Salt Lake City and Milwaukee have the lowest homeownership rate for Black families, according to a new Redfin study released Monday
by Patrick Kearns Jun 29
Redfin returns to homebuying in 4 more markets
As of Friday, the company is now buying homes in Dallas, San Antonio, Los Angeles and Orange County, in addition to Austin, Denver and the Inland Empire in California
by Patrick Kearns Jun 26
27% of homebuyers look to relocate to less dense, more affordable areas
A new Redfin report found that pageviews of listings in towns with less than 50,000 residents were up by 87 percent year over year in May
by Lillian Dickerson Jun 25
Redfin launches in Alaska for the first time ever
Tech-powered brokerage Redfin is expanding its services to Southcentral Alaska, the company announced on Wednesday
by Lillian Dickerson Jun 24
Summer outlook: Real estate heads into buying season on firm footing
In our multipart series on the US housing market this summer, Inman's Jim Dalrymple reports that the market hasn't fully returned to normal yet, but a number of metrics including prices and pending sales suggest it has been resilient amid the coronavirus crisis
by Jim Dalrymple II Jun 22
Online searches for single-family homes hits 4-year high: Redfin
In May, 36% of saved searches created by Redfin.com users were filtered exclusively for single-family homes, up from 33% in February and the highest level its reached in 4 years
by Lillian Dickerson Jun 16
Bidding wars increased last month amid housing shortage: Redfin
Boston, Dallas and Washington, D.C., were the three most competitive markets in the U.S. last month, a new report reveals. The report provides further evidence that the pandemic hasn't tanked prices or demand
by Jim Dalrymple II Jun 15
Redlining accounts for a major equity gap for Black homeowners
Neighborhoods that were redlined have gained $212,000 less home equity since the 1980s, according to a new study from Redfin released Thursday
by Patrick Kearns Jun 11
Black execs are underrepresented in real estate boardrooms. Now what?
On Monday, Compass CEO Robert Reffkin called for more diversity on the boards of directors inside publicly traded real estate companies. So far, that hasn't happened
by Patrick Kearns Jun 10
Glenn Kelman: Waves of migration, consolidation coming to real estate
The Redfin CEO said Wednesday the coronavirus pandemic is helping fuel changes in real estate imagery and consumer behavior
by Jim Dalrymple II Jun 3
Real estate leaders speak out against racism as protests grow nationwide
CEOs at Compass, Keller Williams, Redfin and Zillow, among others, detailed steps their companies are taking to address racism in the real estate industry and inside their offices
by Patrick Kearns Jun 1
Redfin is welcoming back 35% of furloughed staff
As homebuying demand returns in some parts of the country, Redfin is calling back approximately 350 furloughed employees, including agents
by Patrick Kearns May 22
Read all of Inman's coronavirus coverage here
Inman has published more than 785 stories on the coronavirus. Here's our comprehensive list of coverage
by Jim Dalrymple II May 20
A comprehensive guide to industry resources for real estate agents
Real estate companies, trade groups and government agencies are offering resources amid the pandemic. Inman is trying to compile them all in 1 guide that will be updated daily
by Patrick Kearns May 20
Remote work may fuel massive migration from pricey cities: Redfin
More than 50% of Americans in New York, Seattle, Boston and San Francisco told Redfin they would move if they could work remotely
by Patrick Kearns May 15
Buyers are eyeing small towns — even as interest in big cities rises
Page views of Redfin home listings in small towns jumped 105% year over year, while page views of homes in urban metros increased by 16%
by Lillian Dickerson May 15
Redfin co-founder sues company over patent infringement
David Eraker claims Redfin has stolen his intellectual property and cost him millions of dollars in the process
by Jim Dalrymple II May 12
Earnings offer hope, but 'normalcy' is still distant
The pandemic may continue to wreak havoc for some time, but a strong quarter of earnings offers support to the idea that there's light at the end of the tunnel
by Jim Dalrymple II May 8
Redfin's Glenn Kelman predicts a 'seismic' shift to smaller cities
Boise, Idaho, and Bozeman, Montana, are likely to see an influx of people as more and more workers operate remotely, the Redfin CEO said Thursday during an earnings call
by Jim Dalrymple II May 8
Redfin brings back 14% of furloughed employees
The tech-centric brokerage had furloughed 41% of its agents amid the economic woes of the coronavirus pandemic
by Jim Dalrymple II May 7
Redfin, Zillow to resume iBuying
Redfin is returning to homebuying immediately, while Zillow says a return is likely within a few weeks
by Patrick Kearns May 7
As states reopen, some luxury agents are returning to open houses
'The threat of contracting it is still there but I do think that, in order to serve the client, I have the responsibility of coming up with a way to do this,' Atlanta Realtor Kim Wilkin said
Redfin revenue up 73%, handily beating expectations
The company raked in $191 million during the first quarter of 2020 despite economic chaos from the coronavirus
by Jim Dalrymple II May 7
How are home prices still rising during the pandemic?
Although the stock market has been volatile for weeks and unemployment has continued to rise, home prices have been seemingly unaffected
by Lillian Dickerson May 5
Opendoor returns to homebuying with contact-free selling
The company is returning to Phoenix on May 4 and Raleigh-Durham on May 11 with 2 new platforms while updating its self-touring app for buyers
by Patrick Kearns May 4
New listings can't keep up with demand: Redfin
The company published 5 charts Friday that showed the stark impact that COVID-19 has had on the housing market
by Patrick Kearns May 1
Redfin's board chairman steps back
Bob Mylod will remain on Redfin's board of directors, with David Lissy stepping into the role of chairman
by Patrick Kearns Apr 24
Redfin launches self-guided tours for vacant properties
Prospective buyers can let themselves into vacant homes using the Redfin app
by Patrick Kearns Apr 23
How far $1,200 will go for renters and homeowners in 50 US cities
Over 75% of U.S. renters and almost 50% of homeowners could pay one month of housing expenses with a $1,200 stimulus check, according to data from Redfin
by Lillian Dickerson Apr 21
Opendoor layoffs are a retreat, not a defeat
Opinion
This tactical move is by no means a sign that iBuyers will fail. Opendoor’s deep pockets allow it to weather the current storm and remain intact (albeit smaller)
by Mike DelPrete Apr 16
Shut up! Just focus on selling houses
Opinion
As hard as things might be right now, it doesn’t give anyone the right to be insensitive to fellow professionals
by Jay Thompson Apr 15
Realogy and KW top T3 Sixty's holding company and franchisor rankings
Redfin and RE/MAX had the most productive agents in 2019, according to the ranking
by Patrick Kearns Apr 8
Redfin is furloughing 41% of its real estate agents
The company announced it's also laying off 7% of its staff in an SEC filing
by Patrick Kearns Apr 7
Number of homes for sale declines 15.7% in March
The market started to show a slow down in the second half of March as the coronavirus outbreak settled in, according to data from realtor.com and Redfin
by Lillian Dickerson Apr 3
Citing pandemic, Redfin sells $110M stake to venture capital firm
Founded in 2019, Durable Capital Partners is run by former T Rowe Price investment manager Henry Ellenbogen. 'In chaotic times, he understands our long-term commitments to our culture and our technology,' Redfin CEO Glenn Kelman said
by Patrick Kearns Mar 31
Real estate leaders reveal their vulnerabilities
Opinion
At this time, many of us are more willing to be vulnerable — letting our guard down is actually helping us get through this
by Brad Inman Mar 30
Redfin is increasing agents' fixed pay during market slowdown
Redfin CEO Glenn Kelman will take no salary for the rest of 2020 to help offset some of the cost
by Patrick Kearns Mar 26
Redfin pulls back on lead sales as video tours surge amid virus crisis
CEO Glenn Kelman also said during the latest episode of Inman's Daily Dispatch podcast that his company continues to see strong traffic and that real estate will recover
by Jim Dalrymple II Mar 25
Offerpad is the latest iBuyer to pause new home purchases
Following in the footsteps of Redfin, Zillow and Opendoor, Offerpad has temporarily stopped making offers on homes due to safety concerns, effectively putting an end to the purchasing side of nearly all iBuyers nationwide for the foreseeable future
by Patrick Kearns Mar 23
Coronavirus clauses become ubiquitous as pandemic worsens
Two weeks ago, coronavirus addendums were a niche thing. Now, they're pretty much everywhere
by Jim Dalrymple II Mar 23
Redfin still seeing strong demand but with fewer people in the pipeline
Redfin President of Operations Scott Nagel said he doesn't think the ongoing coronavirus outbreak will immediately drive down home prices
by Jim Dalrymple II Mar 20
RedfinNow temporarily suspends homebuying amid market slump
RedfinNow, the direct-to-consumer homebuying and selling platform, will not be buying homes for the near future, CEO Glenn Kelman confirmed in a letter to shareholders
by Patrick Kearns Mar 18
Need a virtual tour solution now? Here are our top picks
Opinion
Self-containment and social distancing have made in-person home tours challenging. These top tech picks and tips can help you wait out the unexpected pandemic
by Craig C. Rowe Mar 18
Redfin cancels open houses due to coronavirus concerns
CEO Glenn Kelman: 'The whole industry has been talking about going virtual for a decade'
by Andrea V. Brambila Mar 17
Stocks plunge in worst day since 1987 and second worst in US history
The Dow Jones dropped 13% Monday, wiping out all gains made under President Trump
by Patrick Kearns Mar 16