Tagged: Redfin

Redfin reports the widest condo market imbalance in 13 years, giving buyers more negotiating power

Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market

The lender adds 200 broker partners representing $12 billion in potential annual production, while its servicing and real estate businesses strengthen its competitive position

The dispute over publicly marketed homes comes amid a Compass–Rocket alliance linking home search, buyer inquiries, and financing offers

Sellers are cutting asking prices, but near-record monthly payments continue to squeeze buyers and limit purchase demand

Redfin reports a record seller surplus and the highest contract cancellation share since early 2020, leaving loan officers with fewer purchase opportunities despite buyers’ growing negotiating power

Thirty-one of the 100 largest markets posted three-month price declines in August, even as national prices remained above year-earlier levels

Redfin counted 58% more sellers than buyers in August, but national home prices still increased as equity-rich owners resisted steep discounts

Former Intuit executive succeeds interim CEO Varun Krishna as Rocket pushes deeper integration across home search, brokerage, mortgage, closing, and servicing

Pending sales fell to a six-month low as inventory increased, giving originators more room to use seller concessions to make difficult purchase deals work