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Redfin CEO to Trump: We Need More Homes Now!

Redfin CEO to Trump: We Need More Homes Now!

by Phil Hall | Nov 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Glenn Kelman, the CEO of Redfin (NASDAQ: RDFN), has a message for President-elect Donald Trump: Start powering the push for new home construction. Neither Kelman nor Redfin publicly endorsed Trump’s campaign. But in a blog posting on the Redfin website titled...
Report: Renter Households Growing at Record Pace

Report: Renter Households Growing at Record Pace

by Phil Hall | Nov 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of renter households in the third quarter totaled a record 45.6 million, a 2.7% year-over-year increase, according to new data report from Redfin (NASDAQ: RDFN). This growth rate is three times faster than the 0.9% increase in homeowner households, which...
Report: Housing Affordability a Top Concern Among 2 in 5 Early Voters

Report: Housing Affordability a Top Concern Among 2 in 5 Early Voters

by Phil Hall | Nov 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Just under two in five (38%) voters who cast early ballots as of Nov. 1 housing affordability impacted their presidential pick, according to a data report from Redfin (NASDAQ: RDFN). In a survey of 1,002 voters conducted on Oct. 31 and Nov. 1, 43% of respondents who...
Newly Built Homes Account for 28% of Q3 Single-Family Home Sales

Newly Built Homes Account for 28% of Q3 Single-Family Home Sales

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

Newly built homes accounted for 28% of single-family homes for sale during the third quarter, according to new data from Redfin (NASDAQ: RDFN). This is down from 30.5% one year earlier and the lowest share in three years. The record high for newly built single-family...
Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change

Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change

by Phil Hall | Oct 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Aug. 17 rule change by National Association of Realtors (NAR) on commissions appears to have minimal impact on how buyer’s agents are paid. According to new data from Redfin (NASDAQ: RDFN), the average buyer’s agent commission for homes sold in October was...
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