Redfin published a guest post on TechFlash this morning about how the balance of power has shifted between the idealists in business who advance a company’s sense of mission and the mercenaries who insist on being 100% focused on profits. In many ways it picks up where an old Redfin essay about get-rich-quick-schemes left off…. Read More
We just published a table showing the percentage of listings being sold by a bank. But then we began to wonder: what percentage of properties in an entire city are actually for sale at the moment? This is not an easy question to answer, because you have to count up all the properties for which… Read More
The National Association of Realtors released data today showing that the November 2008 median home price dropped 13% from the November 2007 median price, even as mortgage rates plummeted to their lowest levels in the 37 years since anyone has been keeping track, to an average last week of 4.96% for 30-year, fixed-rate mortgages. Since… Read More
I was signing checks today when I noticed that our bill for obtaining bank-owned listings that have not yet appeared in the MLS (that is, those that are marketed on bank’s websites but not yet by a real estate agent, usually because the bank just took possession) in November had increased 123% from what it… Read More
Redfin just released a new version of the site. In addition to improving our short sale detection in Orange County and parts of LA and making our neighborhood pages a little more discoverable from the map page, we switched to using Google Maps exclusively instead of a mix of Microsoft Virtual Earth and Google Maps…. Read More