From Our CEO
RedfinNow Expands to Palm Springs
RedfinNow buys homes directly, giving homeowners liquidity, certainty and safety Homeowners in the Palm Springs area can now get a cash offer for their home
Black Homebuyers Face Steeper Price Increases, Sharper Declines in Homes for Sale than White Homebuyers During the Pandemic
Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs.
Home Prices Up 13%, Biggest Increase Since 2013
For the four-week period ending September 6, home prices were up 13%, pending sales rose 28%, and new listings were 9% higher than the same period in 2019.
iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting to 0.1%
iBuyers purchased the fewest homes in more than three years in the second quarter. But now business is making a comeback, with iBuyers seeing a rebound in demand—and even bidding wars—from homeowners who are in search of quick cash and a safe way to sell during the pandemic.
Housing Market Sees Biggest Uptick in New Listings in Almost 2 Years as Pending Sales Surge 21%
Home prices continued to rise—new listings increased slightly, but gains were dwarfed by rise in pending sales.
More Than Half of Redfin Offers Faced Bidding Wars in August as the Housing Market’s Competitive Streak Continues
Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is fierce in coastal California and more affordable places.
RedfinNow Expands to Palm Springs
RedfinNow buys homes directly, giving homeowners liquidity, certainty and safety Homeowners in the Palm Springs area can now get a cash offer for their home
Black Homebuyers Face Steeper Price Increases, Sharper Declines in Homes for Sale than White Homebuyers During the Pandemic
Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs.
Home Prices Up 13%, Biggest Increase Since 2013
For the four-week period ending September 6, home prices were up 13%, pending sales rose 28%, and new listings were 9% higher than the same period in 2019.
iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting to 0.1%
iBuyers purchased the fewest homes in more than three years in the second quarter. But now business is making a comeback, with iBuyers seeing a rebound in demand—and even bidding wars—from homeowners who are in search of quick cash and a safe way to sell during the pandemic.
Housing Market Sees Biggest Uptick in New Listings in Almost 2 Years as Pending Sales Surge 21%
Home prices continued to rise—new listings increased slightly, but gains were dwarfed by rise in pending sales.
More Than Half of Redfin Offers Faced Bidding Wars in August as the Housing Market’s Competitive Streak Continues
Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is fierce in coastal California and more affordable places.
