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Redfin Debuts Sign & Save as Refund Program for Home Buyers

Redfin Debuts Sign & Save as Refund Program for Home Buyers

by Phil Hall | Feb 2, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Redfin (NASDAQ:RDFN) has introduced Sign & Save, which the Seattle brokerage described as “a new way for consumers to get a better deal in real estate.” According to the company, home buyers who sign up to work with a Redfin agent before the second home tour can...
Luxury Home Prices Hit Record Peak

Luxury Home Prices Hit Record Peak

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

The typical U.S. luxury home sold for a record $1.17 million during the fourth quarter of 2023, according to new data from Redfin (NASDAQ:RDFN), an 8.8% year-over-year increase. In comparison, prices of non-luxury homes increased at half the pace, rising 4.6%...

Outbound Migration from the Bay Area Down 13% Year-Over-Year

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

The Bay Area recorded a net outflow of 26,000 homebuyers in the fourth quarter of 2023, down 13% from one year earlier, according to a new data report from Redfin (NASDAQ:RDFN). An analysis of home search activity on Redfin.com determined the flow of homebuyers...
Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year

Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year

by Phil Hall | Jan 4, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. mortgage payment during the four weeks ending Dec. 31 was $2,361, according to data from Redfin (NASDAQ:RDFN). This represents a $372 decline (-14%) from October’s all-time high to the lowest level in nearly a year. As payment levels decline, buyer...
Another Missouri Lawsuit Takes Aim at Brokers’ Commissions

Another Missouri Lawsuit Takes Aim at Brokers’ Commissions

by Phil Hall | Jan 2, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Two months after the verdict in the Sitzer/Burnett trial rocked the real estate profession, another lawsuit was filed in Missouri challenging the commission structures of real estate professionals. Maryland resident named Daniel Umpa filed a complaint in the U.S....
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