All Redfin Reports
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
Housing supply fell to a new low in December, fueling a 3.6% month-over-month drop in home sales.
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
January is shaping up to be the most competitive month in housing history.
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
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