Items Tagged with 'Redfin'


  • Redfin: A lack of housing supply is slowing home-sale growth

    In May, home sales rose only 2.5% from the previous year
    In May, home-sale growth continued to lag, highlighting a slowdown in inventory, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said although recent surges in mortgage applications reflect heightened homebuyer demand, a lack of inventory continues to prevent growth.
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  • Top Realtor: iBuyers are stealing equity from homeowners

    Realtor Leigh Brown says the industry is locked in stiff competition with iBuyers
    The real estate industry is constantly evolving as new products and practices are introduced to the marketplace. And right now, the rise of the iBuyer is taking the industry by relative storm. At HousingWire’s conference held last week in Charlotte, prominent Realtor Leigh Brown said the real estate industry is locked in steep competition with these type of investors, because iBuyers are minimizing the role of agents and “stealing equity” from homeowners.
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  • San Francisco's housing market heats up as tech IPOs move in

    35% of Redfin offers made in San Francisco faced a bidding war in May
    Although bidding wars are slowing as the housing market continues to cool, new data from Redfin suggests that San Francisco's housing market is heating back up. Redfin Chief Economist Daryl Fairweather said recent tech IPOs have reignited competition in the metro.
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  • Warren's student debt-forgiveness plan could save homebuyers money and time

    Senator wants to eliminate up to $50,000 worth of student loan debt for the average American
    A new proposal introduced by Sen. Elizabeth Warren, D-MA, could eliminate up to $50,000 worth of student loan debt for the average American. Under Warren's proposal, the typical aspiring first-time homebuyer burdened with student debt could save for a down payment in just nine years, according to Redfin.
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  • This is why dropping your list price can earn you a scarlet letter

    Expert says dropping your home price also reduces its appeal
    Deciding the right price point and time to sell a home can have a significant impact on how well it does on the market. After all, Redfin claims that home sellers who list their homes online receive up to 3.4 times more online views the day they’re listed versus the day a price reduction occurs. Here's why.
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  • This city is the nation's hottest housing market right now

    In this city, 47.7% of homes sold were bought above asking price
    As home-price growth lags, inventory declines and residential sales slow, it's safe to say the housing market is in the midst of a slowdown. And although several housing markets are falling behind in the slump, data from Redfin indicates Tacoma, Washington, is thriving.
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  • The iBuyer market is booming, and it's not slowing down anytime soon

    Here's a look at where these companies operate and where they're headed
    Some might say that so far, 2019 is looking to be the year of the iBuyer. The term has exploded across the internet as major companies like Redfin and Zillow expand their reach into the business of buying homes directly from sellers. Here’s an up-close look at where these companies operate and where they’re headed next.
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