As buyers return to the market this spring, the percentage of home sellers cutting their asking price is falling and home prices are rising, according to a Redfin report. Processing Content Just over 35% of sellers in the United States decreased their asking price in April, down from 35.6% in March on a seasonally-adjusted basis […]
Fewer sellers cutting prices as spring buyers return Read More »
Rocket Cos. is encouraging homebuyers and sellers to use its mortgage lending subsidiary and recently-acquired Redfin with the launch of a new offering. Processing Content Eligible buyers and sellers can save up to $20,000 on their next home when they buy and sell with a Redfin agent and finance with Rocket Mortgage, the companies announced
Rocket, Redfin roll out buyer incentives and new products Read More »
Redfin has launched Redfin Early Access, a new search category on Redfin.com and its app that surfaces pre-market and “coming soon” listings that are not yet broadly available on other major real estate sites, the company said in an announcement Monday. The new category aggregates two kinds of inventory: Redfin Coming Soon listings that appear
Redfin Early Access adds pre-market and coming soon listings Read More »
A benchmark study tracking 8.2 million real estate conversations in AI search models finds that buyer behavior has changed faster than any channel in real estate marketing history. And portals are losing ground because of it. For the first time since AI search tracking began in 2024, Zillow‘s share of agent-discovery traffic declined year over
With more companies signing on to pre-marketing platforms, it appears that the new trend of pre-marketing listings is here to stay, at least for the moment. While the notion of a coming soon listing is nothing new, with numerous MLSs across the country offering some variation of this status, more and more listing portals and
Pre-marketing listings grows across Compass, Zillow and eXp Read More »
Detroit-based Rocket Companies this week moved to dismiss a lawsuit alleging violations of the Real Estate Settlement Procedures Act (RESPA), arguing that plaintiffs failed to demonstrate injury, relied on claims beyond the one-year statute of limitations and did not sufficiently plead unjust enrichment. The class-action suit, filed in late January, alleges that homebuyers who began
Rocket moves to dismiss RESPA suit, citing safe harbor and lack of injury Read More »
CoStar Group is claiming that Zillow’s alleged infringement upon copyrighted photos owned by CoStar has continued despite the ongoing copyright infringement lawsuit CoStar filed against Zillow last July. In an amended complaint filed on Friday, CoStar claims that Zillow has infringed on CoStar’s copyright on more than 53,000 watermarked photos across Zillow and the platforms
CoStar says Zillow copyright infringement now tops 53,000 photos Read More »
Buyers have significantly more negotiating power than sellers in the housing market today, resulting in a record amount of home-sale cancellations, a new industry report found. Processing Content More than 42,000, or 13.7%, of home-sale agreements in the United States fell through last month, according to a Redfin report. That’s the highest February share in
Home sales cancelled at record rate as buyers hold power Read More »
Compass International Holdings, Redfin and Rocket Companies are urging MLSs to adopt policies that support pre-marketing and phased marketing distribution and to cease penalizing or punishing agents for carrying out “seller-directed marketing plans.” The companies, which entered into a mutually exclusive deal to publish Compass coming soon listings on Redfin in late February 2026, made
Compass, Rocket, Redfin urge MLSs to allow seller-directed pre-marketing Read More »
Older Americans now hold as much real estate wealth as middle-aged homeowners, illustrating the widening gaps in homeownership access and long-term home price gains. An analysis from Redfin, based on data from the Federal Reserve Board, found that Americans ages 70 and older controlled roughly 26% of the nation’s $48 trillion in real estate wealth
Older Americans maintain record share of housing wealth Read More »