Por: CBS News Business November 10, 2022
The layoff bug that's is also infecting the real estate industry, with Redfin announcing it will ax 862 jobs this week.That figure represents 13% of Redfin's workforce, the real estate data company said in an posted on its website. About 264 of the jobs being cut are at RedfinNow, the house-flipping arm of the company that launched five years ago. Redfin said it plans to spend the coming months dismantling RedfinNow, adding that... + full article
The Boston Globe USA Business November 10, 2022
Real estate brokerage firm Redfin said Wednesday that it was laying off 13 percent of its workforce, the company’s latest move to cut costs amid a slowing housing market.Glenn Kelman, Redfin’s chief executive, sent an e-mail to employees Wednesday morning announcing the... + más
Redfin lays off 862 employees as housing market cools | CBS News
Redfin to cut another 13% of workforce, shutter RedfinNow | ABC News
Associated Press USA Life November 10, 2022
WASHINGTON (AP) — Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve’s fight against inflation.The job cuts amount to 13% of... + más
ABC News USA Business November 09, 2022
WASHINGTON -- Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve's fight against inflation.The job cuts amount to 13% of... + más
Redfin to cut another 13% of workforce, shutter RedfinNow | Associated Press
CNN USA Business November 09, 2022
CNN Business — Redfin is set to shutter its home-flipping business and reduce its workforce by 13%, laying off 862 employees. About 264 of the job cuts will be directly related to the shutdown of RedfinNow, the company’s instant buying, or , business in which it... + más
MarketWatch USA Business October 09, 2022
In May and June, the typical buyer was putting down $66,000, Redfin said But that number has cooled slightly since. Redfin also said that the typical U.S. homebuyer who took out a mortgage in July 2022, made a $62,500 down payment. That’s still up 13.6% from a year ago. And... + más
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MarketWatch USA Business September 26, 2022
A year ago, only 12.1% of home buyers were backing out of deals. Typically 12% of deals fell through prior to the pandemic, Redfin said. But the last time this number spiked — prior to this fall — was at the onset of the coronavirus pandemic in March/April 2020. Buyers were... + más
'They’re waiting to see if home prices fall': Home buyers are backing out of contracts in the Sun Belt at a record rate | MarketWatch
Home prices might drop but won’t crash: What buyers should know | WGN-TV
MarketWatch USA Politics September 26, 2022
Adjustable-rate mortgages becoming more attractive to buyers | ABC News
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