The median asking price for rental housing was $1,995 in May, a 0.6% year-over-year decline, according to new data from Redfin (NASDAQ:RDFN). This marked the largest annual decline since March 2020, the first annual decline since March 2020 and a significant shift...
New listings have become the housing market’s equivalent of an endangered species, as data report from Redfin (NASDAQ:RDFN) has determined new listings were down 25% year-over-year as of the four weeks ending June 4 – the lowest level of any early June on record....
Now, here is some news that will not sit well with our mortgage banking friends: new data from Redfin (NASDAQ:RDFN) has determined one-third (33.4%) of U.S. home purchases in April were all-cash transactions, up 30.7% one year earlier and the highest share in nine...
Elon Musk’s prediction that the U.S. residential real estate market is on the cusp of a collapse received a sharp rebuke from Glenn Kelman, CEO of the brokerage Redfin (NASDAQ:RDFN). On Monday afternoon, the Tesla (NASDAQ:TSLA) chieftain offered a doom-and-gloom...
Property acquisitions by real estate investors during the first quarter were down by 48.6% from one year ago, according to new data from Redfin (NASDAQ:RDFN). This marks the largest annual decline on record, and outpaced the 40.7% drop in overall home purchases in the...