The typical homeowner in 2024 has spent 11.9 years in their home, up from 6.5 years in 2005, according to Redfin data.
Category: Redfin
Opendoor founder Eric Wu leaving company to focus on startups
Wu founded Opendoor in 2014 and served as the company’s chief executive officer until last year. He said in a statement that he’s leaving to focus on building new things.
Redfin launches new housing price tracker index
The tool is described in an announcement from the brokerage as similar to the Case-Shiller Home Price Index, with more real-time and metro-level data.
Opendoor to double the number of homes it buys each month: CEO
CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones it has with Zillow and eXp.
Redfin eliminates salaries, pivots to commission model in LA and SF
Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program.
Listings tick up and prices tick down during an ice-cold fall market
The added punch of mortgage rates nearing 8 percent is making this year’s fall season particularly slow.
CoStar’s Homes.com beats Redfin, Realtor.com to become No. 2 portal
In a sign of the listing portal’s growing influence, Homes.com hit more than 100 million unique visitors in September, sparking a 1,290 percent annual increase in traffic. Now the portal is second only to Zillow.
Nantucket home sells to Barstool’s Dave Portnoy for record $42M
Portnoy’s waterfront home purchase set a new record for Nantucket and the state of Massachusetts. The estate features a main house, guest house and studio that are connected by an underground tunnel.
Record share of homebuyers flee into the path of climate change
Research shows that people are concerned about the changing climate’s impact on their hometowns, but they’re more concerned about a lack of housing affordability, according to a new report from Redfin.
Pending home sales climb to 2023 high following months of declines
Pending home sales rose 0.7 percent from June to July, reversing seven months of declines. However, rising rates and home prices are poised to stifle sales growth into the fall, Redfin said.