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Survey: Only 21% of Agents Would Recommend a Career in Real Estate

Survey: Only 21% of Agents Would Recommend a Career in Real Estate

by Phil Hall | Apr 2, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Nearly half of real estate agents said it was unlikely for them encourage others to join their profession, according to the 2025 Industry Survey published by Redfin (NASDAQ: RDFN). In a survey that polled 500 agents between last December and January, 49.8% of...
Report: 1 in 5 Homes Sold for More Than Their Original List Price

Report: 1 in 5 Homes Sold for More Than Their Original List Price

by Phil Hall | Apr 1, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Last month, 20.5% of homes nationwide – roughly one in five – sold for above their original list price, according to new data from Redfin (NASDAQ: RDFN). This is down from a 22.8% share recorded one year earlier. Nearly two-thirds of transactions (64.2%) were closed...
Rocket Companies Acquires Mr. Cooper for $9.4 Billion

Rocket Companies Acquires Mr. Cooper for $9.4 Billion

by Phil Hall | Mar 31, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Companies (NYSE: RKT) has announced its acquisition of the Dallas-based mortgage servicing and origination leader Mr. Cooper Group Inc. (NASDAQ: COOP) in an all-stock transaction for $9.4 billion in equity value. According to the...
Report: Post-Wildfires Home Sales Down Significantly in Altadena and Pacific Palisades

Report: Post-Wildfires Home Sales Down Significantly in Altadena and Pacific Palisades

by Phil Hall | Mar 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in the Pacific Palisades and Altadena communities impacted by January’s wildfires recorded double digits declines in February, according to a new report from Redfin (NASDAQ: RDFN). In Pacific Palisades (ZIP Code 90272), only 12 homes sold in February, down...
Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024

Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024

by Phil Hall | Mar 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homeownership rates of Gen Z and millennials plateaued in 2024, according to a new data report from Redfin (NASDAQ: RDFN). A little more than one-quarter (26.1%) of Gen Zers were homeowners in 2024, essentially unchanged from 2023 (26.3%) and 2022 (26.2%). Before...
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