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Report: Typical Home Seller Wants 9% More Than the Typical Buyer Is Willing to Pay

Report: Typical Home Seller Wants 9% More Than the Typical Buyer Is Willing to Pay

by Phil Hall | Apr 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical home for sale is listed for 9% more (or $38,672) than the typical home is selling for, according to a data report from Redfin (NASDAQ: RDFN), which noted this was biggest gap between asking and sales prices since May 2020. During March, Redfin determined...
Hits and Misses for the Real Estate Week of April 21-25

Hits and Misses for the Real Estate Week of April 21-25

by Phil Hall | Apr 25, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, U.S. Housing Market, WRE News Exclusive

Homebuyers who regret their purchase, a new approach to data center development, and another attempt to combat homelessness. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 21-25. Miss: Post-Purchase Depression. A...
44.4% of Q1 Home Sales Included Seller Concessions

44.4% of Q1 Home Sales Included Seller Concessions

by Phil Hall | Apr 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

During the first quarter of this year, 44.4% of home sale transactions involved seller concessions to buyers, according to data from Redfin (NASDAQ:RDFN). That’s up from 39.3% in the first quarter of 2024 and shy of the 45.1% record set in the first quarter of 2023....
Hits and Misses for the Real Estate Week of April 14-18

Hits and Misses for the Real Estate Week of April 14-18

by Phil Hall | Apr 18, 2025 | Commercial Real Estate News, Hits and Misses, International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market

Letitia James accused of mortgage fraud, the Sun Belt loses its charm, and a tribute to a lodging sector leader. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 14-18 Miss: Not Practicing What She Preaches. New York...
Report: Homes Are Taking Longer to Sell

Report: Homes Are Taking Longer to Sell

by Phil Hall | Apr 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical home that went under contract in March was on the market for 47 days, according to new data report from Redfin (NASDAQ: RDFN). This is the longest days on the market period for any March since 2019. Redfin noted that more than one-quarter (27%) of homes...
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