All Redfin Reports
3 in 5 Home Offers Faced Bidding Wars in December, Even Amid Holiday Slowdown
Many homebuyers are writing upwards of five offers before finding success as remote work, an ongoing housing shortage and low mortgage rates fuel bidding wars. Nationwide, 59.6% of home offers written by Redfin agents faced bidding wars in December 2021, the lowest share in 12 months. That’s down from a revised rate of 61.3% in
Stifled By Supply Shortage, Home Sales Post Largest Monthly Decline Since Pandemic Onset
Housing supply fell to a new low in December, fueling a 3.6% month-over-month drop in home sales.
Redfin Employees Donate More Than $1.5 Million to Nonprofits Supporting Underserved Homebuyers
In August 2020, we launched an initiative called Redfin Rise to build a path to homeownership for working-class families. It’s an extension of our mission to redefine real estate in the consumer’s favor, broadening the scope of who has a fair shot at homeownership. Through Redfin Rise, Redfin employees have donated a total of $1,524,819
Housing Market Update: Home Prices Start New Year at New High
January is shaping up to be the most competitive month in housing history.
Redfin is Acquiring Bay Equity Home Loans
Today we announced an agreement to acquire Bay Equity Home Loans, a national, full-service mortgage lender for $135 million in cash and stock. Founded in 2007 in the Bay Area, Bay Equity is a licensed mortgage lender in 42 states and employs approximately 1,200 people. This acquisition accelerates our strategy to become a one-stop shop
12% of First-Time Homebuyers Say Selling Crypto Helped Save for Down Payment, Up From 5% in 2019
Digital currencies are becoming an increasingly common payment method as millennials rush the housing market. One in nine first-time homebuyers (11.6%) surveyed in the fourth quarter said selling cryptocurrency helped them save for a down payment. That’s up from 8.8% in the third quarter of 2020 and 4.6% in the third quarter of 2019. This