Judge approves $110M settlements for Compass, Redfin, and seven other brokerages in the Gibson/Umpa commission lawsuit, marking one year since the Sitzer/Burnett verdict.
The Park City Board of Realtors has decided not to enforce NAR’s Clear Cooperation Policy, raising questions about its impact on agents and consumers in the luxury real estate market.
Two new Redfin reports highlight the recent improvement in housing affordability. The first highlights a 1.4% annual decrease in the income needed to afford a median-priced home, while the second shows 48% of listings spending 60+ days on market.
Josh Sitzer’s new startup, Landian, aims to revolutionize real estate with a flat-fee model. Redfin sees the startup as a “brother in arms” while explaining why its own experiment with flat fee services didn’t work.
According to Redfin’s latest report, the total value of U.S. homes surged by $3.1 trillion, reaching a record $49.6 trillion, with four new metros joining the “Trillion Dollar Club,” doubling the number to eight.
New reports from Zillow (monthly) and Redfin (quarterly) show luxury home values and sale prices rising faster compared to the typical or non-luxury U.S. home, as of June and the end of Q2 2024.
A new Redfin report shows nearly 56,000 home purchase agreements fell through in June, accounting for 14.9% of the homes that went under contract—the highest share of any June on record since 2017.
Last week’s announcement of Biden’s rent cap proposal has provoked a strong reaction from housing industry leaders who argue it would harm renters in the long run by exacerbating supply shortages and reducing incentives for new housing developments.
Redfin’s analysis reveals that median monthly housing payments in swing states have surged 92% since the 2020 election, reaching an all-time high of $2,161, with affordability challenges significantly impacting voters ahead of the 2024 presidential election.
New Redfin research shows the typical renter earns $11,000 less than the $66,120 minimum required to afford the typical U.S. apartment. And only 39% of U.S. renters earn enough to afford a median-priced apartment.
The median U.S. home sale price hit a record high for the ninth consecutive week, according to Redfin’s latest report. Yet, the report also reveals signs that prices may start to soften.
According to a survey commissioned by Redfin, double vanities ranked at the top of the list of must-have bathroom/kitchen features for luxury homebuyers, while landscaping is the biggest must-have outdoor feature. The biggest turnoff: an outdated kitchen.
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