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Redfin Rolls Out New Agent Compensation Plan

Redfin Rolls Out New Agent Compensation Plan

by Phil Hall | Oct 25, 2023 | Current News & Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

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,...
16.3% of Home Purchase Agreements Were Canceled in September

16.3% of Home Purchase Agreements Were Canceled in September

by Phil Hall | Oct 23, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home

Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home

by Phil Hall | Oct 18, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A homebuyer needs to earn $114,627 in order to afford the purchase of a median-priced home, according to data from Redfin (NASDAQ:RDFN). This up 15% ($15,285) from one year ago and up by more than 50% since the start of the pandemic in March 2020. The current income...
Which is More Stressful: Homebuying or Dating?

Which is More Stressful: Homebuying or Dating?

by Phil Hall | Oct 4, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In terms of apples and oranges comparisons, the contrast between homebuying and dating rarely comes up. However, the folks at Redfin (NASDAQ:RDFN) broached the topic with a survey of 1,000 Americans who bought a home in the last year. The result of that survey: nearly...
Redfin Exits from National Association of Realtors

Redfin Exits from National Association of Realtors

by Phil Hall | Oct 2, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Redfin (NASDAQ:RDFN) has announced it will end its support of the National Association of Realtors (NAR), citing the organization’s fee requirements and what it dubbed as “a pattern of alleged sexual harassment.” “We’ve had many meetings with NAR execs to explore...
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