A new Redfin report for Q2 2023 shows investor home purchases falling 45% year over year—the biggest annual drop since 2008 with the exception of Q1 2023.
Over a quarter (25.8%) of homebuyers using Redfin.com are looking to relocate to different parts of the country—up from 23.7% one year ago and the highest share on record, according to a new report from Redfin.
A new Redfin report shows new builds account for nearly one-third (31.4%) of available inventory—the highest second-quarter share on record.
A new Redfin report on affordability near schools shows the typical U.S. teacher can afford only 12% of the homes for sale within commuting distance of the school where they work—down from 17% last summer and 30% in 2019.
BAM presents the Q2 2023 financial results for some of the biggest names in the real estate industry.
When the news of a Zillow and Redfin partnership broke last week, real estate agents wasted no time in sharing their varying reactions. Let’s take a look at what they have to say.
Zillow and Redfin just announced a partnership that will help home builders connect with motivated buyers on either platform. Builders partnering with Zillow will begin to see their new listings syndicated to Redfin in the fourth quarter of 2023.
A new Redfin report reveals first-time buyers in the U.S. need about 13% more income to afford a starter home compared to one year ago, largely due to a combination of higher mortgage rates and low inventory keeping home prices high, despite lower demand.
A new Redfin report shows only 1% of U.S. homes—about 14 of every 1,000—have changed hands during the first half of 2023. That’s the lowest national turnover rate in at least a decade.
A new Redfin report outlines the conditions of the real estate market in June, as home prices soar due to a record low number of properties for sale.
It’s officially summer, which means one thing in the real estate industry—we’ve moved past what is historically the busiest home buying and selling season of the year. But if the spring market is really over, it begs the question: what will the rest of 2023 be like?
A new Redfin report shows a 7.1% annual drop in homes for sale in May to 1.4 million. Record-low inventory is propping up prices and intensifying competition, boosting the average sale-to-list-price ratio to 100% after nine straight months of sub-100% ratios.
For daily real estate news, business and marketing.
