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
A strange thing happened in online real estate last Friday. After three years of fierce competition and $100+ million in venture capital, TechCrunch’s Erick Schonfeld finally asked real estate websites the $24,000 question: who has the most homes for sale? “The most important success factor for these sites,” Erick writes, “is how comprehensive they are.”… Read More
Update as of June 6: Sandicor has fixed its data feed, and as of a few minutes ago all San Diego MLS listings are up-to-date on Redfin.com. Should listing data issues in any market come up in the future, we’ll hold to the commitment outlined below. Thanks for your patience! Some of you may have… Read More
In September 2005, just as Redfin was raising its first round of funding, the Department of Justice sued the National Association of Realtors for developing a policy that allowed its members to share listing information with some brokers but not others. The policy was suspended while the lawsuit lumbered through federal court. And in the… Read More
One Sunday morning last fall, my great friend Conan, a debonair former nose-tackle who often advises me to get in touch with my feminine side, called to ask about using our site. It took half an hour to convince someone who knows I would never lie to him in a million years to run a… Read More