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Zillow and Redfin Partner on Multifamily Rental Listings

Zillow and Redfin Partner on Multifamily Rental Listings

by Phil Hall | Feb 12, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow (NASDAQ: Z, ZG) and Redfin (NASDAQ: RDFN) announced a new partnership with Zillow becoming the exclusive provider of multifamily rental listings on Redfin and its subsidiary sites. The partnership covers properties with 25 or more units. According to the...
Downtown Seattle Median Rent Up for First Time in 17 Months

Downtown Seattle Median Rent Up for First Time in 17 Months

by Phil Hall | Jan 29, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Apartment rents in Seattle’s downtown rose for the first time in 17 months in December, according to data from Redfin (NASDAQ: RDFN). The rent hike was a 2.5% year-over-year uptick to a median of $2,000. Seattle’s median rent seesawed over the past five years,...
Connecticut Considers Statewide Landlord Register, Rent Caps When Properties Change Hands

Connecticut Considers Statewide Landlord Register, Rent Caps When Properties Change Hands

by Phil Hall | Jan 27, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Connecticut lawmaker is considering introducing legislation that would create a registry for many residential landlords and a temporary rent cap when multifamily properties change ownership. CTInsider.com reports State Rep. Antonio Felipe (D-Bridgeport), the...
Office-to-Residential Conversion Adds 68 Apartments in LA Property

Office-to-Residential Conversion Adds 68 Apartments in LA Property

by Phil Hall | Sep 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Creative Media & Community Trust Corporation (NASDAQ: CMCT), a real estate investment trust, announced the conversion of the top two floors of a three-story, approximately 143,000-square-foot Los Angeles office building into 68 luxury apartment residences. Located...
Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years

Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years

by Phil Hall | Jul 1, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Contrary to the “Field of Dreams” catchphrase, new apartment complexes are being built but not that many people are coming to rent units. According to new data from Redfin (NASDAQ:RDFN), less than half (47%) of newly constructed apartments that were completed in the...
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