In 2012, Competition On More than 50% of California Offers

Redfin real estate analyst Tim Ellis just collected information from offers that Redfin agents have prepared since January 1, 2012, to gauge just how often our customers are bidding on listings that have competing offers. In major California markets, more than half of our offers faced competition. Here are the Redfin markets where competition is… Read More

The Hangover

Redfin has hardly been an advocate for real estate tax credits. When the original first-time home-buyer credit was set to expire last November, we urged Congress to let it expire. But now that the federal credit has finally expired, the $24,000 question is how the market will respond. It will take months to sort this… Read More