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Redfin’s Minimum Price Amounts to Redlining, Lawsuit Claims

Redfin’s Minimum Price Amounts to Redlining, Lawsuit Claims

by The Associated Press | Oct 30, 2020 | CR Daily, Industry News, Residential Real Estate

Several fair housing organizations accused Redfin of systematic racial discrimination in a lawsuit Thursday, saying the online real estate broker offers fewer services to homebuyers and sellers in minority communities.

Some Agents Will Pay Sellers’ Repair Costs

by Lew Sichelman | Oct 1, 2020 | Industry News, Opinion, Residential Real Estate

Sellers who need to bring their kitchens up to date, repair foundation cracks or make other fixes before putting their places on the market might not have to reach into their own pockets to do so.

Zillow, Redfin Pledge to Diversify Their Boards

Zillow, Redfin Pledge to Diversify Their Boards

by The Commercial Record | Sep 14, 2020 | CR Daily, Industry News, Residential Real Estate

Two prominent real estate companies have joined over 42 other firms to pledge an increase in the number of Black people on their boards.

Odd Lots: Forbearance Drop Hides Key Developments

by Lew Sichelman | Sep 10, 2020 | Banking & Lending, Industry News, Opinion, Residential Real Estate

The number of homeowners seeking mortgage forbearance fell for at least eight straight weeks this summer. But that decline masks a couple of other important trends.

Buying Sight Unseen? Don’t Wear Blinders

by Lew Sichelman | Sep 3, 2020 | Industry News, Opinion, Residential Real Estate

Buying sight-unseen doesn’t mean you have to go into the transaction blindfolded. There are several ways you can protect yourself against the possibility the house you’re after isn’t what you thought it was.

How to Survive a Bidding War

by Lew Sichelman | Aug 20, 2020 | Industry News, Opinion, Residential Real Estate

Would-be buyers who venture forth over the next several months are likely to find the number of houses for sale so sparse that they’ll end up bidding against each other for the best properties.

Redfin: Bidding Wars Continue in July

by The Commercial Record | Aug 11, 2020 | Banking & Lending, Coronavirus, CR Daily, Industry News, Residential Real Estate

More than half of the Redfin’s real estate listings faced competition in July for the third month in a row.

What’s in Store When the All-Clear Sounds?

by Lew Sichelman | Jun 25, 2020 | Industry News, Opinion, Residential Real Estate

It may be too early to forecast exactly what lies ahead for the housing market once COVID-19 passes into the history books. But at this point, the sector seems poised to retake its place in leading the economy back from the coronavirus-inspired recession.

Redfin, Zillow Report Rebound in Homebuyer Interest

Redfin, Zillow Report Rebound in Homebuyer Interest

by James Sanna | Apr 28, 2020 | Coronavirus, CR Daily, Industry News, Residential Real Estate

Two of the biggest public-facing home listing sites reported a big rebound in homebuyer interest at the end of last week despite reporting a crash of interest as the COVID-19 pandemic first arrived in America.

Redfin Furloughs Unknown Number of Conn. Agents

Redfin Furloughs Unknown Number of Conn. Agents

by The Commercial Record | Apr 8, 2020 | Coronavirus, CR Daily, Industry News, Residential Real Estate

Redfin has announced it is retrenching in the face of the coronavirus pandemic, furloughing a large number of its agents across the country and permanently laying off others.

Odd Lots: Dodge a Catch 22 After Natural Disasters

by Lew Sichelman | Jan 2, 2020 | Industry News, Residential Real Estate

Homeowners who lose their homes to wildfire, flood, tornado or another national disaster often lose the records needed to prove their losses – for tax purposes, obtaining federal assistance or reimbursement from their insurance companies. 

NAR Votes to Cracks Down on Pocket Listings

NAR Votes to Cracks Down on Pocket Listings

by James Sanna | Nov 13, 2019 | CR Daily, Industry News, Residential Real Estate

The National Association of Realtors’ board on Tuesday voted on a measure intended to crack down on the practice of “pocket listings,” where a real estate agent declines to list a sale on a multiple listings service, and instead markets the sale within a separate, informal network of brokers or others.

Study Finds Hartford Housing Market Likely Stable in a Recession

Study Finds Hartford Housing Market Likely Stable in a Recession

by The Commercial Record | Sep 9, 2019 | CR Daily, Industry News, Residential Real Estate

A new study from Redfin has found Hartford’s housing market is not at risk of declining prices or other negative impacts in the event of an economic slowdown.

National Market Shift May Mean Price Cuts

by Lew Sichelman | Aug 8, 2019 | Industry News, Opinion, Residential Real Estate

The American housing market is definitely changing. Maybe not everywhere, at least not yet. But in most places, sellers are slowly losing their dominance and buyers are taking control. 

Odd Parcels: Why You Should Stage Your Home and Ditch the Barn Doors

by Lew Sichelman | Jul 11, 2019 | Industry News, Opinion, Residential Real Estate

Sellers who can’t decide whether to move into their next homes while their current ones remain unsold should consider this: According to a new analysis, empty houses remain on the market longer, and sell for less, than those that are still occupied.

Who Provides the More Accurate Home Valuation: Zillow or Redfin?

by Kenneth R. Harney | Feb 21, 2019 | Industry News, Residential Real Estate

When you type in a home’s street address to obtain an online valuation from the two biggest players in the field – Zillow’s Zestimate or Redfin’s Estimate tools – how good is what you get?

Which Is Better at Valuing Your Home – You or a Computer Program?

Which Is Better at Valuing Your Home – You or a Computer Program?

by Kenneth R. Harney | Oct 25, 2018 | Industry News, Residential Real Estate

Do you have a pretty good idea of what your house is worth? Could you estimate within, say, 5 percent of what it’s likely to sell for?

Sellers’ Price-Cutting Trend Could Be Good News for Buyers

by Kenneth R. Harney | Aug 23, 2018 | Industry News, Residential Real Estate

You might be relaxing at the beach or in the mountains, but if you’re considering purchasing a home in the coming months, you should be aware of an important shift emerging in the market: price-cutting.

Tired of the Hassle of Selling Your Home? Try This All-Cash Alternative

Tired of the Hassle of Selling Your Home? Try This All-Cash Alternative

by Kenneth R. Harney | Apr 26, 2018 | CR Daily, Industry News, Residential Real Estate

It’s the oldest fix-and-flip pitch in American real estate: “We’ll buy your home, guaranteed, no matter what its condition, and we’ll pay you quick cash with no commissions, and close in seven days or less.”

Redfin Expands into Connecticut

by Jim Morrison | Jan 16, 2018 | CR Daily, Industry News, Residential Real Estate

Redfin the tech-driven real estate brokerage, today announced the debut of its home-buying and selling services in Connecticut. Redfin, which also announced its launch in Asheville, N.C., today, has a mission to reinvent real estate in the consumer’s favor.

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