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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, Current News & Events, Hits and Misses, 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 | Current News & 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...
Study: Less Than 16% of Homes for Sale in 2023 Were Affordable to Typical US Households

Study: Less Than 16% of Homes for Sale in 2023 Were Affordable to Typical US Households

by Phil Hall | Dec 26, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15.5% of homes for sale in 2023 were affordable for the typical U.S. household, according to new data from Redfin (NASDAQ:RDFN). This presents a drop from 20.7 in 2022 for a new record low; prior to the pandemic, more than 40% of homes were affordable. Redfin...
Asking Rents Record Steepest Decline in Over 3 Years

Asking Rents Record Steepest Decline in Over 3 Years

by Phil Hall | Dec 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent in November declined 2.1% from one year ago to $1,967, according to new data from Redfin (NASDAQ:RDFN). This represents the biggest annual drop since February 2020; the decline from October was 0.6%. “Renters are finally catching a break,” said...
Redfin Launches AI-Powered Tool to Redesign Listing Photos

Redfin Launches AI-Powered Tool to Redesign Listing Photos

by Phil Hall | Dec 7, 2023 | Current News & Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Redfin (NASDAQ: RDFN) has unveiled Redfin Redesign, an AI-powered tool that enables consumers to change the appearance of walls, floors and countertops in their home photos. With Redfin Redesign, a consumer selects an eligible home their Redfin search results and then...
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