A local Redfin agent said at least half of her prospective clients ask about iBuyers, which are increasingly common in Phoenix and may be contributing to ongoing price growth. Institutional buyers, known as iBuyers, are taking up a growing share of Phoenix home sales. iBuyers are companies—like RedfinNow, Zillow and Opendoor—that make instant cash offers […]
Microsoft’s $500 million commitment to affordable housing could help ease the Seattle area’s affordability crisis and make way for more diverse communities. When Microsoft announced its $500 million commitment to affordable housing at the beginning of the year, the company acknowledged that even tech workers in the Seattle area can have a hard time purchasing
[This report was updated on March 29, 2019, the day Lyft debuted on the public markets, to reflect its IPO price of $72 per share.] San Francisco already has sky-high home prices and a lack of inventory. Public offerings from Lyft and other tech companies is likely to put even more pressure on its real
Prices fell more than 8 percent in San Francisco and San Jose, up over 10 percent in Newark, Milwaukee and Buffalo. U.S. home-sale prices increased just 0.6 percent in February compared to a year ago, to a median of $287,400 across the metros Redfin tracks. This is the smallest year-over-year price increase recorded since prices
Home Prices Up 0.6% in February—Smallest Year-Over-Year Gain Since March 2012 Read More »
Pools are worth the most in Los Angeles. See where else pools add a big premium. How much is a pool worth? The answer depends on where you live. In Los Angeles, homes with pools sell for an estimated $95,393 more than comparable homes without them, making it the metro where pools are most valuable.
A Swimming Pool Adds Nearly $100,000 to a Typical Los Angeles Home's Value Read More »
Seven percent of winning offers written by Redfin agents last month were contingent on the sale of the buyer’s home, up from less than 5 percent last year Here’s another sign that even as the spring housing market begins to heat up, buyers have more power than they did a year earlier: offers with home
