Por: Fox Business Business October 30, 2023
The median sale price for a home was nearly $421,000 in August: Redfin. As high home prices and rising mortgage rates weighed on the minds of would-be homebuyers, many got cold feet this summer – by Redfin. In fact, almost 60,000 home-purchase agreements were canceled in August, marking an increase from 14.3% a year prior and the highest percentage hike since October 2022 – when mortgage rates rose above 7% for the first time in two... + full article
Fox Business USA Business August 19, 2023
Redfin CEO Glenn Kelman analyzes the state of the housing market after mortgage rates surged past 7% on 'Cavuto: Coast to Coast.' With the dropping to an all-time low, homebuyers are left with few options. One of them is buying a newly built home. Although homeowners... + más
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Fox Business USA Business July 29, 2023
Madison Ventures+ managing director Mitch Roschelle says increases in borrowing costs are 'eating up' homebuyers' savings. Purchasing a home for the first time will require those hoping to do so to have compared to last year, Redfin has found. In released Friday,... + más
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MarketWatch USA Business July 18, 2023
In other words, “just 1% of the nation’s homes have changed hands this year,” Redfin said, of the 1.4% figure, which is “the lowest share in at least a decade.” Home listings per 1,000 properties have fallen to the lowest level since 2012. Redfin Redfin has tracked... + más
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As frustrated buyers sit on the sidelines, home sales are falling. And weak demand is also pushing home prices down. Real-estate brokerage Redfin said that certain million-dollar homes exited the category in January as prices dipped. The share of homes in the U.S. that are worth... + más
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CBS News USA 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... + más
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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 lays off 862 employees as housing market cools | CBS News
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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