We sent our monthly market update out to 126,104 folks this afternoon, a 6% increase from last month. If you’d like to get the newsletter by email, just sign up. Regards, Glenn Howdy Redfinnians! The data’s in for October, so it’s time for our high-speed, comprehensive summary of real estate trends. And the news is… Read More
The Case-Shiller numbers just came out for August, with sizable increases in California, DC, Chicago and Boston. The only market that was down was Seattle. We’ll send out a full report on market conditions later today. Read More
We were up at the crack of dawn this morning writing our September newsletter with the latest Case-Shiller data hot off the presses. It went out to 118,717 folks, an 8.5% increase from last month. If you don’t get the newsletter, sign up or update your Redfin account to get it. We also post it here to… Read More
Last Wednesday, Redfin set a record for home-tour requests. Usually, our home-tour requests peak in May, when people start looking for homes in earnest. And usually Wednesday is a slow day, at least compared to Friday. But here are the stats on home tours this year: 1st-tour requests: 1,686 projected for September vs 1,533 in… Read More
Redfin sends out a monthly newsletter that digests all the real estate news from 20 – 30 sources into one portrait of what’s going on in real estate. All the folks who register on our site have the option to get the newsletter, and of course anyone can unsubscribe. By popular demand, we’re now publishing… Read More
Big news real estate aficionados! Case Shiller, the Standard & Poor’s index that economists treat as the most reliable measure of home prices, reports this morning that May 2009 home prices increased .45% over April; this is the first such increase since July 2006. Once we adjust for seasonality – home prices tend to increase… Read More
The folks at Redfin got into real estate to make the industry more efficient. But if anything, the market has just gotten less and less efficient. And most of it isn’t the Realtors’ fault but the banks. Banks selling a home don’t trust one another’s credit. They reject appraisals for a price that a buyer… Read More
Wow, what a week last week in New York. From the Real Estate Bar Camp on Tuesday to two and half full days of Inman Connect + parties it was an exhausting trip. Now that I’ve recovered and survived three full days of meetings here at Redfin here’s my quick take on things: Transparency is… Read More
Wow, busy day! Today I was at Real Estate BarCamp New York — a precursor to Inman Connect. What’s BarCamp? BarCamp is an ad-hoc gathering born from the desire for people to share and learn in an open environment. It is an intense event with discussions, demos and interaction from participants. What’d we talk about?… 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