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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 | News/Current 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...
Study: Average Q4 Buyer’s Agent Commission Was 2.37%

Study: Average Q4 Buyer’s Agent Commission Was 2.37%

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, according to a data analysis from Redfin (NASDAQ: RDFN), a scant uptick from the 2.36% in the third quarter, when the new National Association of Realtors (NAR) commission rules took...
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 | Market Snapshot, News/Current Events, 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,...
Report: Renters Need to Earn $63,680 to Afford a Typical Apartment

Report: Renters Need to Earn $63,680 to Afford a Typical Apartment

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Renters need to earn $63,680 to afford the median asking rent ($1,592) for an apartment, according to a data report from Redfin (NASDAQ: RDFN). This marks the lowest amount needed for rental housing occupancy since March 2022, as well as a 0.4% year-over-year decline...
New Data Finds Home Prices Still Rising While Rents Continue to Fall

New Data Finds Home Prices Still Rising While Rents Continue to Fall

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

Two new data reports have determined home prices are continuing to rise while rental housing costs are still in decline. Redfin (NASDAQ: RDFN) reported home prices rose from one year earlier in December across all 50 of the most populous metropolitan areas – the first...
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