Items Tagged with 'Redfin'

ARTICLES

  • Redfin expands home selling options in Seattle, will clean and stage home, too

    For an additional fee, of course
    Last year, Redfin rolled out a new service called "Redfin Concierge," where the online brokerage will "deep clean" and stage a home on a homeowner’s behalf to aid in the sale of the property, all for a 2% listing fee. The program originally launched in Los Angeles and Washington, D.C., before expanding into San Francisco in February of this year. And now, Redfin is bringing the enhanced listing program to its own backyard of Seattle.
    Read More
  • Redfin: Homes keep getting cheaper

    In October, the number of homes dropping in sale price reached an 8-year high
    In October, home-sale prices climbed 4.5%, however the percentage of listings that experienced a price drop of more than 1% reached an 8-year high, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said home sellers are realizing buyer demand isn’t what it used to be and are lowering their prices.
    Read More
  • Redfin partners with Notarize to enable completely online mortgage experience

    With eClosings, Redfin takes the final step toward digital mortgages
    Redfin has taken the final step toward providing its clients with a fully digital home buying experience. The listings giant’s mortgage arm has announced a partnership with Notarize in a deal that offers Redfin Mortgage clients the ability to close on a home quickly, easily – and completely online.
    Read More
  • Amazon announces HQ2 locations in New York and Virginia

    Housing industry reacts to potential impact
    Amazon announced Tuesday the locations for its second headquarters, naming Long Island City, New York, and Arlington, Virginia, as the winners of its year-long search. HQ2 is expected to bring 50,000 jobs and more than $5 billion in investments, and while this will be a boost to the local economies, some are critical of the tech giant’s impact on property values and infrastructure.
    Read More
  • Redfin: Housing demand climbs 5.1% in September

    Driven by growth in early-stage homebuying activity
    Housing demand increased in September, climbing 5.1%, according to new data from Redfin’s monthly Housing Demand Index. According to the analysis, housing demand still remains double digits below last year’s levels.
    Read More
  • Is lack of affordability triggering an exodus from coastal markets?

    Redfin data suggests homeowners are relocating to less expensive inland markets
    As mortgage rates continue to climb in expensive coastal cities, more and more people are migrating to affordable markets, according the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said buyers are increasingly cost-conscious, and seeking more affordable homes in low-tax states in the South and middle of the country.
    Read More
  • This is how much purchasing power homebuyers lost this year

    Rising interest rates and mortgage payments could turn potential buyers away
    Home price growth and rate hikes have contributed to an uptick in monthly mortgage payments nationwide, leaving many prospective homebuyers speculating when it will be the right time to purchase a home. According to data collected from Redfin, purchasing power has dropped $29,750 in 2018.
    Read More
  • Redfin: Home prices post smallest increase in 6 years

    Buyers turning to the Midwest and South for affordable homes, lower cost of living
    In September, home prices posted the smallest increase in six years, according to the latest data collected from Redfin. Redfin Chief Economist Daryl Fairweather said rising mortgage rates, paired with already high home prices, are giving pause to homebuyers in expensive West Coast markets.
    Read More
  • Redfin hires behavioral economist from Amazon

    Daryl Fairweather joins real estate brokerage
    Real estate brokerage Redfin announced Daryl Fairweather has joined the company as its chief economist. The company explained that Fairweather, who joins the company from Amazon, will work closely with Redfin's business leaders and agents to better understand the behavior and mindset of homebuyers and sellers.
    Read More