Redfin

The U.S. housing market saw a significant jump in home delistings in September, with nearly 85,000 sellers pulling their homes off the market—a 28% increase from the previous year. RKT stock surged today. See the chart here. The surge represents the highest level for September in eight years,...

The U.S. housing market is tilting sharply in favor of buyers, with a record 33.7% more sellers than buyers, according to the latest data. What Happened: This imbalance, the largest since 2013, is driving expectations of a 1% decline in home prices by year-end, as reported by Redfin. With 1.9...

The U.S. housing market faced a prolonged period of disequilibrium following interest rate hikes. While mortgage rates are poised to continue their fall, experts say homebuyers should capitalize now. The Data: Redfin released a report on Tuesday following a weak July jobs report that sent mortgage...

The median U.S. asking rental price saw an annual 0.8% increase in May to $1,653, marking the highest level since October 2022, sustaining an upward trend driven by robust demand and constrained supply. This is the second consecutive month of rent increases following nearly a year of declines,...

The number of young homebuyers leaning on family financial support for down payments has sharply risen, doubling in the past five years, according to a recent report by Redfin. The survey, conducted by Qualtrics on behalf of Redfin, which included around 3,000 U.S. homeowners and renters, revealed...

According to a Redfin Corp (NASDAQ: RDFN) analysis issued this month, newly built single-family homes made up roughly one in three U.S. home sales in the third quarter. The third-quarter share was the largest ever recorded, up 25% over the previous year. The rise in "pandemic boomtowns,...

Redfin Corp (NASDAQ: RDFN) data shows that the annual growth in sales prices for properties sold during the four weeks that ended on November 13 was 3.2%, the smallest increase since July 2020. However, since reaching all-time highs in June, the median price of homes sold has dropped substantially...

Ron Brown, a home buyer in Arapahoe County, Colorado, was shocked to discover that mortgage rates were substantially higher than they had been when he started shopping for a property. It had taken him a year to find his home. Brown told the Wall Street Journal that he paid $965,000 in cash for the...

One year ago, tech real estate marketplace Zillow Group Inc. (NASDAQ: Z) announced it was discontinuing its iBuyer division, eliminating its home-flipping business and cutting 25% of its workforce. This week, digital real estate brokerage Redfin Corp. (NASDAQ: RDFN) has done the same, shutting down...

The number of homebuyers flocking to Miami has tripled in the last year. Three of the top most popular destinations for home-seekers were in Florida cities,  according to a Redfin report, despite the higher likelihood of home destruction from sea level rise and chaotic storms. ...

States may now be free to pursue legal sports betting, but due to high commissions, it's still a largely unprofitable venture for the bettor. The house still wins, but the development of a peer-to-peer betting network could ultimately decrease the commissions on bets that the house takes, which...

The public markets don’t seem to be lacking in diversity. Following last week’s debuts of a yoga chain and pet supply manufacturer, this week will see the expansion of five industries through a cohort of firms filing initial public offerings. RBB Bancorp (RBB) will issue 3 million...

The race to deliver a more accurate home valuing tool is heating up between cross-town rivals Zillow Group, Inc. (NASDAQ: Z) and Redfin Last week, Zillow announced a $1 million prize in an open contest to developers to improve its “Zestimates” tool. The home appraisal tool has recently...

There are a number of ways to invest in your home, and incorporating energy-efficient technology has gained a lot of traction. The growth of LEED buildings across the country has been exponential, Julie Jacobson, a real estate agent for national real estate brokerage Redfin, told Benzinga. The...