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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 | Current News & 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 | Current News & 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...

California Realtors Report More Canceled Sales Due to Insurance Challenges

by Phil Hall | Oct 30, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A growing number of California real estate agents are reporting the collapse of transactions because buyers are unable to obtain affordable homeowners’ insurance. A new survey by the California Association of Realtors membership found 13.4% of respondents admitting at...
Hits and Misses for the Real Estate Week of Oct. 21-25

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

by Phil Hall | Oct 25, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

The crossroads of politics and real estate, a new wave of restaurant closings and rats ruling in Chicago. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 21-25. Miss: Getting Data on Migrant Housing. Earlier this week,...
New Survey Finds 4 Out of 5 Respondents Support Rent Caps

New Survey Finds 4 Out of 5 Respondents Support Rent Caps

by Phil Hall | Oct 24, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Biden-Harris proposal for rent caps seems to be resonating, as a new survey from Redfin (NASDAQ:RDFN) found nearly four of every five respondents agreeing there should be caps on the amount landlords are allowed to increase rent. The survey was conducted by Ipsos...
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