With home sales in the gutter, anyone thinking of selling a home today can use all the help they can get, starting with what day of the week to debut. Serious sellers know that it is important to make repairs, stage well, and showcase their home online with professional photos, but there isn’t a consensus… Read More
Over the weekend, the U.S. stopped guaranteeing big loans in expensive cities, and ever since the folks in real estate have been holding our breaths to see the market’s reaction. Now Redfin has released new data showing which areas are most vulnerable to the policy change. First, some background. The reason the government began backing… Read More
While some housing pundits are talking about demand being “overwhelmed by supply” and others are throwing out estimates of an “excess supply” of over 3 million homes, buyers that we are serving across the country keep telling us the same thing over and over this spring: “Selection stinks!” Worse yet, when they do finally find… Read More
If you’ve been shopping for a home lately, you’ve probably encountered more than a few listings that are either bank-owned (REO) or short sales. In some of Redfin’s markets (Las Vegas, Phoenix, and San Diego) distressed sales make up more than half of what’s selling these days: With prices that are often considerably lower than… Read More
In our series of reports on The Real Estate Scientist we bring you data driven, no-nonsense answers to help you untangle the snarl of real estate advice you commonly encounter when trying to buy or sell a home. We’ve sifted through piles of real estate data to answer the following question: What is the true… Read More
Last week, we published research showing that more than half of all listings activated in 2009 failed to sell by August 2010. We argued then that would-be home-sellers should hire the agent with the best track record, not the one promising the best price, because the most likely outcome was that the listing agent wouldn’t… Read More
A couple of weeks ago, Redfin engineers got together for a hackathon to prototype features we’d like to see on the site. One team, featuring Jane Nemenman, Jamie DeMichele, Dane Brandon and Llewellyn Botelho, built a Redfin.com widget for each listing that showed the listing agent’s track record: how many listings he had on the… Read More
Just before going home on Friday night, Redfin’s Jeff Yee just ran a query against all the active listings in our entire database, which includes listings from brokers, banks and owners selling their own home in Seattle, San Francisco, San Jose, Los Angeles, Orange County, San Diego, Chicago, Boston and Washington, D.C. areas (see links… Read More
Redfin’s real estate scientists published a big, glorious new report today on when homes will sell for a big discount and when they won’t, based on thousands of home sales across the country. We spent two months grinding through the data because every day, we see buyers with born-to-lose tattoos on their foreheads making lowball… Read More
Redfin was on Good Morning America today, as promised. The interview was, as always, a blast, and being in a studio was as strange as ever. For some reason, I kept thinking of the children’s book author I had met in a green room on a previous trip. He had written a beautiful little book,… Read More