Investor purchases of residential properties plummeted by 29.7% year-over-year during the third quarter, according to new data from Redfin (NASDAQ:RDFN). Investors purchased 48,667 homes between July and September, or 15.9% of all homes sold during that period, the...
Nearly 7% of U.S. homes listed for sale posted a price drop during the four weeks ending Oct. 29, on average, according to new data from Redfin (NASDAQ:RDFN). This percentage is the highest on record, and Redfin attributed this to elevated mortgage rates, which has...
Nearly one-third of single-family homes for sale during the third quarter were new construction, according to data published by Redfin (NASDAQ:RDFN). The 30.6% share is the highest of any third quarter on record. This is up from 28.9% one year ago and 25% two years...
Redfin (NASDAQ:RDFN) has launched Redfin Max, a new pay plan for its agents. According to the Seattle-based company, Redfin Max enables agents to earn competitive splits as high as 75%. The plan covers nearly all business expenses and provides agents technology,...
Roughly 53,000 home purchase agreements were canceled in September, equal to 16.3% of homes that went under contract that month, according to new data from Redfin (NASDAQ:RDFN). This represents the highest percentage of cancelations since October 2022, when mortgage...
Massachusetts High Court Upholds Transit-Zoning Mandate for 177 Communities
