Redfin | Jotup

Redfin Reports Renters Are Staying Put Longer, With 1 in 6 Now Living in The Same Home For 10 Years or More

Retrieved on:

Venerdì, Maggio 31, 2024

Professional Services, Data Management, Technology, Data Analytics, Residential Building & Real Estate, Construction & Property, Generation X, Gen, Sale, Marketing, Redfin, Generation Z, Renting, School

12 months or less: One-quarter (25.2%) of renters stayed in their home for 12 months or less before moving in 2022.

Key Points:

12 months or less: One-quarter (25.2%) of renters stayed in their home for 12 months or less before moving in 2022.
“The uptick in tenure is beneficial for renters and their landlords,” said Redfin Senior Economist Sheharyar Bokhari.
Renters stay put longest in New York, where just 15.8% of renters moved in 12 months or less in 2022.
In San Jose, 30.3% of renters moved in 12 months or less in 2022, up slightly from 29.1% in 2012.

Redfin Expands Redfin Next Agent Pay Plan to 25 Additional Markets

Retrieved on:

Venerdì, Maggio 17, 2024

Professional Services, Residential Building & Real Estate, Other Professional Services, Commercial Building & Real Estate, Construction & Property, Redfin, Property management

Agents in the Redfin Next plan will continue to work as employees, not independent contractors.

Key Points:

Agents in the Redfin Next plan will continue to work as employees, not independent contractors.
Michael Odeh , a Redfin Premier agent in Chicago who has been on the Redfin Next plan since early May, said the new compensation plan is a welcome change.
I am so excited about the future and what Redfin Next will bring.”
The 25 expansion markets will move to the Redfin Next pay plan on August 11.
Visit our site to start a conversation about how to grow your business and career at Redfin.

Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier

Retrieved on:

Martedì, Aprile 23, 2024

Residential Building & Real Estate, Communications, Construction & Property, Public Relations, Investor Relations, Sale, Redfin, Federal Reserve, San Francisco Bay Area, Fell, Real estate

On a year-over-year basis, prices rose 7.3%, also little changed from the prior month’s 7% annual increase.

Key Points:

On a year-over-year basis, prices rose 7.3%, also little changed from the prior month’s 7% annual increase.
This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes.
The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold.
It’s similar to the S&P CoreLogic Case-Shiller Home Price Indices but publishes more than one month earlier.

Homes.com Residential Network Reaches All-Time High of 149 Million+ Unique Monthly Visitors in February 2024

Retrieved on:

Giovedì, Marzo 14, 2024

The Homes.com Residential Network reached more than 149 million unique visitors in February, cementing Homes.com’s position as the second-most trafficked homebuying portal.

Key Points:

The Homes.com Residential Network reached more than 149 million unique visitors in February, cementing Homes.com’s position as the second-most trafficked homebuying portal.
The February traffic figures more than double Realtor’s 66 million average unique monthly visitors and triple Redfin’s 44 million average unique monthly visitors.
* Based on unique visits in February 2024 to the Homes.com Residential Network (which includes the Homes Network and the Apartments Network) and the Land Network, according to Google Analytics.
** Based on a comparison of year-over-year changes in unique monthly users for Homes.com comparing February 2024 to February 2023, as measured by Google Analytics.

Redfin Reports the U.S. Housing Market Gained $2 Trillion in Value Over the Last Year

Retrieved on:

Mercoledì, Febbraio 28, 2024

Professional Services, Data Analytics, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Metro, Shock, Redfin, Growth, Sale, City, Housing, Falling, Real estate

(NASDAQ: RDFN) — The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.

Key Points:

(NASDAQ: RDFN) — The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
That’s propping up values for both homes that are already for sale and those that could hit the market in the future.
Meanwhile, the value of homes in the suburbs rose 5.6% to $29.2 trillion and the value of homes in rural areas increased 6.3% to $7.4 trillion.
Suburban housing has a much higher total value than rural and urban housing simply because most Americans live in the suburbs.

Redfin Reports U.S. Asking Rents Flatten After Pandemic Rollercoaster Ride

Retrieved on:

Venerdì, Febbraio 9, 2024

Technology, Construction & Property, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Software, Internet, Residential Building & Real Estate, Arm, Redfin, Growth, Pressure, Housing, Leg, Renting

While rents ticked up from a year earlier, the bigger picture is that rent growth is leveling off after surging during the pandemic and then rapidly slowing from mid-2022 to mid-2023.

Key Points:

While rents ticked up from a year earlier, the bigger picture is that rent growth is leveling off after surging during the pandemic and then rapidly slowing from mid-2022 to mid-2023.
Asking rents have flattened because the pandemic moving frenzy is over and landlords are grappling with vacancies due to a jump in apartment supply.
The rental vacancy rate was 6.6% in the fourth quarter, tied with the prior quarter for the highest level since early 2021.
The median asking rent in the Midwest increased 4.6% year over year to a record $1,437 in January.

Redfin Report: Renters Catch a Break as Costs Drop for Third Straight Month in December

Retrieved on:

Lunedì, Gennaio 8, 2024

Professional Services, Technology, Other Construction & Property, Residential Building & Real Estate, Software, Finance, Construction & Property, Redfin, Lease

That’s the third consecutive decline, following a 2.1% annual drop in November—which was the largest since 2020—and a 0.3% dip in October.

Key Points:

That’s the third consecutive decline, following a 2.1% annual drop in November—which was the largest since 2020—and a 0.3% dip in October.
The rental market has lost steam largely due to a jump in supply fueled by a building boom in recent years.
That has left many landlords struggling to fill vacancies, motivating some of them to drop asking rents.
Some landlords are also offering one-time concessions like a free month’s rent or reduced parking costs to attract renters.

T3 Sixty Hires Real Estate Industry Professionals to Lead Event Operations and Communications

Retrieved on:

Giovedì, Gennaio 4, 2024

Research, Marketing, Zillow, Family reunion, Redfin, Communication, Management

LADERA RANCH, Calif., Jan. 4, 2024 /PRNewswire-PRWeb/ -- T3 Sixty, a strategic management consulting firm in the residential real estate industry, today announced the appointment of Cynthia Nowak as vice president of communications and Dawn Sroka as vice president of event operations. These industry veterans will support the company's mission to provide innovative solutions and insights to real estate leaders.

Key Points:

These industry veterans will support the company's mission to provide innovative solutions and insights to real estate leaders.
They bring a wealth of experience and expertise in the real estate industry, and they share our vision of delivering exceptional value and service to our clients. "
Nowak brings nearly 20 years of experience in the real estate industry at high-growth brokerages and technology companies.
At T3 Sixty, Nowak is responsible for marketing and communications for the company's wide-range of real estate industry products and services.

The Pandemic-Driven Migration Boom Is Waning, With the Share of Homebuyers Relocating at Lowest Level in 18 Months

Retrieved on:

Venerdì, Dicembre 29, 2023

Software, Technology, Residential Building & Real Estate, Construction & Property, Into, Housing, Redfin, San Francisco Bay Area, ID, Tourism

That’s the lowest share in a year and a half, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.

Key Points:

That’s the lowest share in a year and a half, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
Overall homebuying slowed in 2023 because it was the least affordable year on record and there was a severe supply shortage.
The slightly bigger drop for house hunters looking to relocate explains why migrants are making up a smaller share of overall home searchers.
All 10 of the most popular migration destinations have lower prices than the most common origin of buyers moving in.

Falling Mortgage Rates Breathe New Life Into Housing Market as Listings, Pending Sales and Price Growth Hit Highest Level in Roughly a Year

Retrieved on:

Venerdì, Dicembre 15, 2023

Data Management, Communications, Technology, Residential Building & Real Estate, Software, Construction & Property, Public Relations, Investor Relations, Sale, Uncertainty, Unemployment, Housing, Real estate, Auction, Redfin

“Buyers and sellers are learning to live with uncertainty,” said Shay Stein, a Redfin Premier real estate agent in Las Vegas.

Key Points:

“Buyers and sellers are learning to live with uncertainty,” said Shay Stein, a Redfin Premier real estate agent in Las Vegas.
While pending sales hit the highest level in a year in November, closed sales hovered near their recent low.
A lot of Americans feel that the economy is in a bad place despite economic growth, rising wages and low unemployment.
One obvious culprit is the housing market, which is in its least affordable year on record.