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A Phil Hall Op-Ed: Will the Housing Affordability Shortage Cost Biden the Election?

A Phil Hall Op-Ed: Will the Housing Affordability Shortage Cost Biden the Election?

by Phil Hall | Mar 11, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Housing affordability – or, perhaps more accurately, the lack thereof – has quietly become a major issue in this year’s presidential election. I am using the word “quietly” because for too long the subject has not been talked about by the White...
Redfin Debuts AI-Powered Tool Offering Listing Information

Redfin Debuts AI-Powered Tool Offering Listing Information

by Phil Hall | Mar 8, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Seattle-headquartered Redfin (NASDAQ:RDFN) announced the beta launch of Ask Redfin, a generative AI-powered virtual assistant designed to answer homebuyers’ questions about homes for sale. According to the company, Ask Redfin will provide in-depth information...
Redfin: Black Millennials Half as Likely to Own Homes as Whites

Redfin: Black Millennials Half as Likely to Own Homes as Whites

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

One-third (33%) of Black millennials own their home, compared to two-thirds (65%) of White millennials, according to a new data analysis by Redfin (NASDAQ:RDFN). This represents the largest disparity gap in homeownership among any generation. Redfin determined that...
US Housing Market Gained $2 Trillion in Value in 2023

US Housing Market Gained $2 Trillion in Value in 2023

by Phil Hall | Feb 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to new data from Redfin (NASDAQ:RDFN). The average U.S. was valued at $495,183 as of December, up from $474,740 a year earlier. In percentage terms,...
Investors Bought 26% of Affordable Homes During Q4 2023

Investors Bought 26% of Affordable Homes During Q4 2023

by Phil Hall | Feb 14, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investors bought more than one-quarter (26.1%) of lower-priced homes sold in the fourth quarter of 2023, according to new research from Redfin (NASDAQ:RDFN). This marked a new record high and an increase from the 24% share recorded one year earlier. By...
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