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

by Phil Hall | Jan 30, 2024 | News/Current 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 | Mortgage Information, News/Current Events, 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 | Industry Updates, News/Current Events, 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....
Hits and Misses for the Real Estate Week of Dec. 25-29

Hits and Misses for the Real Estate Week of Dec. 25-29

by Phil Hall | Dec 29, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An acute lack of affordable homeownership opportunities, another lawsuit challenging broker commissions and a Frank Lloyd Wright-designed house that changed hands for the first time since 1955. From the wild and wooly world of real estate, here are the hits and misses...
Level of Homebuyer Relocation at 18-Month Low

Level of Homebuyer Relocation at 18-Month Low

by Phil Hall | Dec 29, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of homebuyers looking to move to a different metro area declined for the third straight month in November, according to new data from Redfin (NASDAQ:RDFN). The 23.9% share recorded last month is down from 24.1% one year ago, which is both the lowest share in...
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