Pending U.S. home sales fell 3.5% from the prior week during the four weeks ending Sept. 13, reaching their lowest level in nearly three years, according to a new Redfin market update released Thursday. The brokerage’s high-frequency data add another sign that buyers...
A Zillow shareholder has filed a new derivative lawsuit against CEO Jeremy Wacksman and other current and former company officers and directors, adding another legal challenge tied to the company’s $100 million rentals agreement with Redfin. The complaint, filed Sept....
The gap between home sellers and buyers has never been wider in Redfin’s data. Across much of the Sun Belt, buyers have leverage that would have been difficult to imagine a few years ago. Affording the house is another matter. America has entered the strongest buyer’s...
We spend a lot of time in mortgage lending talking about income. How much does the borrower earn? What is the debt-to-income ratio? How much of a monthly payment can the household reasonably carry? What happens to purchasing power when the mortgage rate moves another...
Rocket Companies announced a new CEO for Redfin on Monday morning. Normally, I would consider that an executive personnel story and move on. This one caught my attention because of who Rocket hired and, more importantly, what Rocket said it wants him to do. Alessio...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
