Redfin Expands iBuying Business To Florida
RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.
RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.
Or has the market shifted toward the buyers?
Redfin reports that 61.2% were listed for at least 30 days, up from 54.4% a year earlier.
Indicators of homebuyer activity ,such as online searches, requests for tours and agents’ help and mortgage applications, rose as mortgage rates fell below 5%.
Company officials said that in the third quarter they expect total revenue between $590 million and $627 million.
The uptick in early demand, however, has not carried through to home purchase contracts or sales.
The outcome won’t be the same across the nation — some areas will show resilience and others will come tumbling down.