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Too Many Home Sellers, Fewer Buyers: Experts Predict Housing Prices To Fall In 2025 Without A Fed Put In Place
Wednesday, June 25, 2025 - 2:57am | 805The U.S. housing market is tilting sharply in favor of buyers, with a record 33.7% more sellers than buyers, according to the latest data. What Happened: This imbalance, the largest since 2013, is driving expectations of a 1% decline in home prices by year-end, as reported by Redfin. With 1.9...
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Housing Inches Toward Buyer's Market As Mortgage Rates Fall — But With One Caveat: Report
Thursday, August 8, 2024 - 11:59am | 370The U.S. housing market faced a prolonged period of disequilibrium following interest rate hikes. While mortgage rates are poised to continue their fall, experts say homebuyers should capitalize now. The Data: Redfin released a report on Tuesday following a weak July jobs report that sent mortgage...
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US Median Housing Rent Jumps To $1,653, Highest Since 2022: 'Demand From Young Renters Remains High'
Tuesday, June 11, 2024 - 4:37pm | 461The median U.S. asking rental price saw an annual 0.8% increase in May to $1,653, marking the highest level since October 2022, sustaining an upward trend driven by robust demand and constrained supply. This is the second consecutive month of rent increases following nearly a year of declines,...
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One In Two Biden Voters Want To Live In A Place Where Marijuana is Legal, One In Eight Trump Supporters Want The Same
Thursday, April 18, 2024 - 12:47pm | 465Nearly half (46.8%) of homeowners and renters nationwide who plan to cast their vote for President Joe Biden in the November 2024 election want to live in a place where recreational weed is legal, a new report from Redfin revealed. Donald Trump's supporters, on the other hand, are not too fond of...
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More Than A Third Of Gen Z, Millennials Lean On Family Support For Home Purchases: 'Many Get Help From Mom And Dad,' Reveals Redfin
Wednesday, March 27, 2024 - 6:55pm | 550The number of young homebuyers leaning on family financial support for down payments has sharply risen, doubling in the past five years, according to a recent report by Redfin. The survey, conducted by Qualtrics on behalf of Redfin, which included around 3,000 U.S. homeowners and renters, revealed...
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This Type Of Home Took Nearly 30% Of All Home Sales In The Third Quarter
Friday, November 25, 2022 - 1:34pm | 606According to a Redfin Corp (NASDAQ: RDFN) analysis issued this month, newly built single-family homes made up roughly one in three U.S. home sales in the third quarter. The third-quarter share was the largest ever recorded, up 25% over the previous year. The rise in "pandemic boomtowns,...
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Home Prices Fall 8.4% From All Time Highs, Is There More Relief Coming?
Wednesday, November 16, 2022 - 5:22pm | 467Redfin Corp (NASDAQ: RDFN) data shows that the annual growth in sales prices for properties sold during the four weeks that ended on November 13 was 3.2%, the smallest increase since July 2020. However, since reaching all-time highs in June, the median price of homes sold has dropped substantially...
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More Homebuyers Are Using This Method To Curb High Mortgage Rates
Monday, November 14, 2022 - 12:29pm | 444Ron Brown, a home buyer in Arapahoe County, Colorado, was shocked to discover that mortgage rates were substantially higher than they had been when he started shopping for a property. It had taken him a year to find his home. Brown told the Wall Street Journal that he paid $965,000 in cash for the...
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Real Estate Agents Aren't Surprised Digital Brokers Like Redfin Are In Trouble
Monday, November 14, 2022 - 11:37am | 747One year ago, tech real estate marketplace Zillow Group Inc. (NASDAQ: Z) announced it was discontinuing its iBuyer division, eliminating its home-flipping business and cutting 25% of its workforce. This week, digital real estate brokerage Redfin Corp. (NASDAQ: RDFN) has done the same, shutting down...
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Redfin Survey: People Prefer To Live In Cities With Legal Cannabis By A Wide Margin
Thursday, February 3, 2022 - 11:20am | 1056This article was originally published on Cannabis.net and appears here with permission. Whether or not a city has decriminalized cannabis plays a tremendous role in where people choose to live. Last November, Gallup released the results of a poll revealing that support for...
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Why Miami Is A Hot Spot For Homebuyers Despite Climate Risks
Tuesday, August 31, 2021 - 4:32pm | 477The number of homebuyers flocking to Miami has tripled in the last year. Three of the top most popular destinations for home-seekers were in Florida cities, according to a Redfin report, despite the higher likelihood of home destruction from sea level rise and chaotic storms. ...
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Fintech Focus For April 6, 2021
Monday, April 5, 2021 - 5:51pm | 1606Quote To Start The Day: [S]tock declines of 30-40% are overdone, and growth names should begin to re-inflate. True, interest rates will likely rise over time. However, they still hover near record lows, and borrowers of all shapes and sizes can afford to pay more. Source: Adam Johnson One Big...
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How Peer-To-Peer Betting Could Make Sports Gambling More Lucrative
Friday, June 8, 2018 - 12:37pm | 574States may now be free to pursue legal sports betting, but due to high commissions, it's still a largely unprofitable venture for the bettor. The house still wins, but the development of a peer-to-peer betting network could ultimately decrease the commissions on bets that the house takes, which...
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Public Manufacturing, Financial, Biopharma Cohorts Set To Expand With This Week's IPOs
Monday, July 24, 2017 - 9:37am | 334The public markets don’t seem to be lacking in diversity. Following last week’s debuts of a yoga chain and pet supply manufacturer, this week will see the expansion of five industries through a cohort of firms filing initial public offerings. RBB Bancorp (RBB) will issue 3 million...
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Zillow Vs. RedFin: Home Appraisal Competition Heats Up
Wednesday, May 31, 2017 - 10:04am | 662The race to deliver a more accurate home valuing tool is heating up between cross-town rivals Zillow Group, Inc. (NASDAQ: Z) and Redfin Last week, Zillow announced a $1 million prize in an open contest to developers to improve its “Zestimates” tool. The home appraisal tool has recently...