Move Over, Kimye. Here Comes the RedfInland Empire!
Today Redfin announced the expansion of its home-buying and selling service to California’s Inland Empire.
Rachel writes about the national housing market. Now based in NYC, Rachel joined Redfin in 2010 as a real estate agent in Washington, D.C., and joined company’s communications team in 2011. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
Email RachelToday Redfin announced the expansion of its home-buying and selling service to California’s Inland Empire.
Ask a friend who’s trying to buy a home what the the real estate market is like, and she will surely describe it as “fast” or a synonym thereof. And your friend is right! To address this new reality, Redfin has developed a new monthly report focused solely on the speed of home sales.
In case you haven’t noticed, we’re on a bit of an expansion spree, with the addition of Charlotte and the Triangle in North Carolina, Delaware, The Bronx, and Houston under our belts already this year. Today, Redfin announced its arrival in the Miami, Fort Lauderdale and West Palm Beach areas of South Florida. With it
Welcome to Redfin’s latest in real estate analysis—the Bidding War Report. The data for this report are based on Redfin’s Offer Insights, statistics compiled from more than 2,000 offers written each month by Redfin agents for Redfin’s home-buying clients. For the full report including data tables and charts, visit Real-Time Bidding Wars in Redfin’s Research
Inventory continued to plummet, with the number of homes for sale down 31.8 percent year over year, helping home prices rise 13.2 percent in February. Despite surging homebuyer demand in the new year, the lack of supply has clearly put downward pressure on sales…
There’s a new phenomenon in today’s real estate market. Homes are being sold in 24 hours or less. Some people take more time to decide on a new pair of shoes. Redfin has coined the term “Real Estate Flash Sales” to describe homes that go under contract not within days, but hours of their debut.
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