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The Latest Breaking News from Redfin

Zillow Head Stepping Down After 12 Years

Company President Susan Daimler, announced her resignation in a candid LinkedIn post

International Business Times

Top real-estate CEO suggests some young people might have voted for Trump because they're sick of living in their parents' basements

Now they’re expecting him to build the housing they need, Redfin’s Glenn Kelman said.

Fortune

Bobby Berk May Be Selling His LA Property, But We’re Buying the Look — Here’s How to Steal the Interior Designer's Style

It's time for the TV personality and designer to say goodbye to his headquarters, but not its timeless sense of style

Livingetc

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If you thought you could afford a home in Midwest and Sunbelt cities, you’re wrong

An analysis of Census data confirmed that the housing crisis is spreading inland from the coasts.

Fortune

Hurricane anxiety hits the Florida housing landscape

Paradise comes at a price, and pending home sales have dropped dramatically in West Palm Beach, Tampa, and Miami, according to Redfin.

Fortune

More renters think Harris is the better candidate on housing, survey finds

Close to half think Kamala Harris would be better for making housing more affordable and almost a third think Trump would be better, according to Redfin.

Fortune

Redfin (RDFN) vs. Colliers International (CIGI): Which Real Estate Stock is a Better Buy as Earnings Approach?

The real estate industry is expected to grow due to the increased urbanization rates in emerging economies and advancements in construction technology. With their earnings release on the horizon, let’s analyze real estate stocks, Redfin (RDFN) and Colliers International Group (CIGI), to determine which real estate stock is a better…

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Starter homes went from unaffordable to affordable in only two states

You can thank mortgage rates for cheaper starter-home costs, but they’re still a lot pricier than they once were.

Fortune

Police Warn Criminals Are Using Zillow And Redfin To Identify Homes For Burglaries

Police warn that criminals are using Zillow and Redfin listings to target homes for burglaries, exploiting detailed online property information to plan their crimes.

International Business Times

Police Warn Criminals Are Using Zillow And Redfin To Identify Homes For Burglaries In California, Michigan, And Arizona

Police warn that criminals in California, Michigan, and Arizona are using Zillow and Redfin listings to target homes for burglaries, exploiting detailed online property information to plan their crimes.

International Business Times UK

A triple threat stalks the housing market as rates, costs, and election anxiety collide

Oh, and of course, home prices are still skyhigh.

Fortune

Austin is leading a rent renaissance in the Sunbelt right now

Rents in the Texas metro plummeted almost 18% last month from a year earlier, according to Redfin.

Fortune

Gen Z is getting a break on rent

The rental world is cooling off and becoming slightly better for recent college grads.

Fortune

Florida and Texas boomtowns are awash in a glut of condos

It comes down to sky-high homeowners association fees and insurance costs, according to an analysis from Redfin.

Fortune

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Fortune

Half of all households in the country can’t afford a normal starter home

Americans need to make almost $80,000 to buy a typical starter home, according to Redfin. Data shows 50% of households earn thousands less than that.

Fortune

It’s getting easier to find a starter home but harder to buy one

Pending sales for starter homes rose 10%, according to Redfin, even as prices went up.

Fortune

Almost 1 in 10 homes are worth $1 million or more

California has the most million-dollar homes, and its share is swelling faster than anywhere else in the country, according to an analysis from Redfin.

The Independent UK

Looking to buy a home? You may now need to factor in the cost of your agent's commission

Thinking of buying a home with the help of a real estate agent

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Fortune

Teacher pay needs to nearly double to afford a typical house

Teacher wages aren’t rising enough to match the housing affordability crisis.

International Business Times UK

Redfin CEO Says If Mortgage Rates Don't Fall, Plan B Is To 'Drink Own Urine Or Competitors Blood'

During Redfin's Q2 earnings call, CEO Glenn Kelman said he is surprised about the muted real estate market activity despite mortgage rates consistently declining in recent months.

Latin Times

Majority of Texans say housing costs are too much, poll shows

Latino and Black Texans are more likely than white Texans to see housing affordability as a major issue, the poll found

Fortune

The trillion-dollar metro club just got bigger

The number of trillion-dollar metros doubled in a year, lifting the housing market’s value to an all-time high, according to an analysis from Redfin.

Fortune

Renter households surged at triple the rate of homeowners

In June, rents were 23% higher than before the pandemic, while mortgage payments were up 90%, according to Redfin.

Fortune

The ultrarich are scooping up mansions while almost no one else can afford a typical home

Luxury-home prices rose more than twice as fast as those of non-luxury homes, and still their sales jumped compared with typical homes, according to Redfin.

Fortune

Austin is the best place for renters, according to Realtor.com—forget the northeast or west

The top three metropolitan areas for renters are Austin, Oklahoma City, and Birmingham.

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