The market is softening and it’s reflected in quarterly declines. Fewer transactions mean less brokerage revenue. Source: Inman News
Posts published in “Redfin”
The market is reaching a turning point in which price reductions are more common. But that doesn’t mean homes can’t still appreciate in value. Source:…
More than one in five sellers dropped their asking price during May 2022, the highest rate since October 2019. Source: Inman News
With a few exceptions, the layoffs have so far largely been confined to companies providing mortgages and mortgage-related services like title and closing. Source: Inman…
Data from analytics firm CoreLogic shows 67.9 percent of U.S. regional housing markets were overvalued as of the latest available data from March, meaning incomes…
Showings were down across the U.S. in April, which is strange because April is typically when the housing market hits a high point, ShowingTime President…
As real estate enters what one observer called a “Wile E. Coyote” moment, real estate companies’ share prices continue to struggle amid market uncertainty. Source:…
Nearly 1 in 5 homesellers dropped their listing price during the four-week period ending May 22, a high watermark unmatched since October 2019, according to…
Experts expect home sales and price growth to slow down, but they don’t think rising rates will knock everyone out of the market. Source: Inman…