From Our CEO
A Redfin Layoff
Our CEO, Glenn Kelman, sent this email to all Redfin employees at 8:00 a.m. PDT on June 14, 2022. For the public posting, we removed
Homebuyer Budgets Flatten, Posting Slowest Annual Growth Rate in Nearly Two Years
Slowing budget growth indicates that home-price growth will slow in the coming months, too. Homebuyer budgets are essentially flat from last year, up just 0.3%
Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic
The luxury-housing market, which experienced a meteoric surge last year, is coming back down to earth amid a slumping stock market, rising mortgage rates and
Rental Market Tracker: Typical U.S. Asking Rent Surpassed $2,000 for First Time in May
Asking rents were up over 30% in Cincinnati, Seattle, and Nashville and nearly 50% in Austin.
Housing Market Update: For-Sale Listings Accumulate, Post Smallest Annual Decline Since January 2020
Inventory climbs as buyers back off. More sellers are dropping their price in response. The share of listings with a price reduction is approaching a record high.
Second-Home Hotspots Saw Outsized Growth in Rental, Home Prices During the Pandemic
Rental and home-sale prices increased more than 25% year over year in April in four of the five most popular second-home destinations: Phoenix, Cape Coral,
A Redfin Layoff
Our CEO, Glenn Kelman, sent this email to all Redfin employees at 8:00 a.m. PDT on June 14, 2022. For the public posting, we removed
Homebuyer Budgets Flatten, Posting Slowest Annual Growth Rate in Nearly Two Years
Slowing budget growth indicates that home-price growth will slow in the coming months, too. Homebuyer budgets are essentially flat from last year, up just 0.3%
Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic
The luxury-housing market, which experienced a meteoric surge last year, is coming back down to earth amid a slumping stock market, rising mortgage rates and
Rental Market Tracker: Typical U.S. Asking Rent Surpassed $2,000 for First Time in May
Asking rents were up over 30% in Cincinnati, Seattle, and Nashville and nearly 50% in Austin.
Housing Market Update: For-Sale Listings Accumulate, Post Smallest Annual Decline Since January 2020
Inventory climbs as buyers back off. More sellers are dropping their price in response. The share of listings with a price reduction is approaching a record high.
Second-Home Hotspots Saw Outsized Growth in Rental, Home Prices During the Pandemic
Rental and home-sale prices increased more than 25% year over year in April in four of the five most popular second-home destinations: Phoenix, Cape Coral,
