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Redfin

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FTC Settlement Reopens Real Estate Listings as Redfin Resumes Market Presence
business1 day ago

FTC Settlement Reopens Real Estate Listings as Redfin Resumes Market Presence

The FTC and several states settled an antitrust case with Zillow over allegations it paid Redfin to halt its apartment internet listing service (ILS) for up to nine years. The settlement requires Redfin to re-enter the ILS with more listings, compels Zillow to share employee info to aid recruitment, and allows consumers to renegotiate contracts without penalties, all aimed at restoring competition and lowering costs for renters and property managers.

via Engadget|
#antitrust#business#ftc
AI windfalls turbocharge San Francisco housing market
business8 days ago

AI windfalls turbocharge San Francisco housing market

AI wealth is fueling a San Francisco housing frenzy, with the median home price near $1.7 million and sales often exceeding asking prices by millions as new AI millionaires bid alongside tech workers. Rentals are rising, inventory is tight, and cash deals are more common in the Bay Area. The trend is helped by a rebound in SF population after the pandemic and could accelerate further if AI IPOs (OpenAI/Anthropic) unleash windfalls, potentially even allowing sellers to accept stock as payment.

via CNN|
#ai#business#housing-market
July 2026 housing market tilts toward sellers despite buyer drought
real-estate11 days ago

July 2026 housing market tilts toward sellers despite buyer drought

Redfin’s July 2026 snapshot shows a buyer drought and a seller-heavy national picture: about 967,000 active US buyers—the lowest since Redfin began tracking—roughly 34% fewer buyers than sellers, with mortgage rates at a year-high that keep monthly payments uncomfortable. Nationwide, sellers outnumbered buyers by about 51.3%, though most metros (39 of 49) were still ranked as buyer’s markets. Nassau County, NY led as the strongest seller’s market, while Texas Sun Belt metros (Houston, San Antonio, Austin) posted 100%+-plus seller advantages as new homebuilding comes online. In short, affordability pressures and rising rates are cooling demand, making many markets tougher for buyers and, in some areas, more favorable to sellers.

via New York Post|
#affordability#housing-market#mortgage-rates
Buyers Grab Leverage as U.S. Homebuying Drops to a July Record Low
real-estate12 days ago

Buyers Grab Leverage as U.S. Homebuying Drops to a July Record Low

Redfin's July housing report shows a record gap: about 51% more sellers than buyers nationwide (966,752 buyers vs 1,462,921 sellers), with 39 of 49 metros in buyer's markets; Miami, Nashville and several Texas metros lead, as high mortgage rates curb demand and give remaining buyers more negotiating power, suggesting a Labor Day window could be favorable for deals.

via Yahoo Finance|
#buyers-market#housing-market#july-2026
Six-figure income still needed to buy a typical U.S. home in 2026
real-estate19 days ago

Six-figure income still needed to buy a typical U.S. home in 2026

A Redfin analysis shows that in June 2026 a household would need about $109,796 per year to afford the median-priced U.S. home while spending no more than 30% of income on housing, with median income around $87,599 and home prices up 2.2%. The result is a roughly $22,200 gap to affordability, though 24 of 46 major metros saw improvements and Seattle led the gains; San Francisco remains the least affordable major market, requiring about $453,205 in income. Only three metros (St. Louis, Indianapolis, Pittsburgh) had median incomes that exceeded the amount needed to buy locally.

via USA Today|
#housing-affordability#income-needed#median-home-price
Nashville's housing market cools as buyers gain leverage
real-estate22 days ago

Nashville's housing market cools as buyers gain leverage

Nashville has become the nation’s second-toughest market to sell a home, according to Redfin, with buyers outnumbering sellers by about 128.8% as inventory rises and days on market lengthen to a median of 78 (vs 49 nationally). Listings are up 9.4%, and prices have cooled to about a 2.8% year-over-year gain to just under $500,000, reflecting higher mortgage rates and new construction. Buyers are leveraging concessions like closing-cost credits and repairs, signaling a shift away from the pandemic-era seller frenzy toward a more balanced market.

via New York Post|
#buyers-sellers#housing-market#nashville
April delistings jump to the highest level since March 2020 as housing demand cools
real-estate2 months ago

April delistings jump to the highest level since March 2020 as housing demand cools

U.S. home listings pulled from the market in April reached 5.8%—the highest since March 2020 and up 3.8% from March—as higher mortgage rates, gas prices and softer demand push sellers to delist or relist; Atlanta led with about 1 in 10 listings pulled, followed by San Jose, Los Angeles, Dallas and Seattle, while pending sales rose 1.4% and relisted listings reached 2.5%.

via CNBC|
#delistings#housing-market#mortgage-rates
Sellers Return to the Market as Relistings Hit a Decade-High Pace
business5 months ago

Sellers Return to the Market as Relistings Hit a Decade-High Pace

Redfin data show January relistings surged to the highest level in a decade, with about 45,000 homes that were delisted last year relisted in January (3.6% of on-market homes). Overall inventory rose 7.9% year over year in February but remains 17% below 2019 levels, with gains centered in the South and West and among homes under $500,000. After last year’s higher mortgage rates and uncertainty, the market now faces a question: will the dip in rates spur more buyers or more sellers during the spring market?

via CNBC|
#business#housing-market#inventory
States and FTC sue Zillow and Redfin over alleged rental listing monopoly
business10 months ago

States and FTC sue Zillow and Redfin over alleged rental listing monopoly

Attorneys general from five states sued Zillow and Redfin, alleging they colluded to eliminate competition in the online rental housing market through a deal that paid Redfin to shut down its rental advertising business, potentially harming consumers and renters. The companies deny the allegations, asserting their partnership benefits consumers and the market. The lawsuit seeks to prevent further anti-competitive practices and possibly restructure the companies to restore competition.

via CNBC|
#antitrust#business#lawsuit