High prices and more options have pushed home-sale cancellations to a record level, new industry data shows. Processing Content Roughly 40,000 home-purchase agreements were canceled in December, according to a report from Redfin. That’s 16.3% of homes that went under contract, up from 14.9% a year earlier and the highest December rate in records dating […]
Home-sale cancellations hit record as buyers walk away Read More »
The completion of Compass’s acquisition of Anywhere Real Estate has led to the creation of a real estate brokerage monolith, the size and scale of which the industry has never seen. Compass’s new size combined with its stance on private listings and current legal battles with Zillow and Northwest MLS (NWMLS) have led many to
Does the Compass-Anywhere merger spark new phase in portal wars? Read More »
Long-time Redfin CEO Glenn Kelman is leaving the firm, he announced in a LinkedIn post Tuesday afternoon. Processing Content “After 20 years, I’m leaving Redfin,” he wrote. “I gave it my all! Leaving was my decision. I love my colleagues. We saved consumers a billion dollars in commissions. I hope to use all that I
Redfin CEO Glenn Kelman steps down after 20 years Read More »
From lawsuits to mergers and acquisitions at a scale never seen before in real estate and everything in between, 2025 was full of twists, turns and surprises for the housing industry. HousingWire is rewinding and breaking down the biggest storylines in the real estate industry from this past year. There is no doubt that 2025
Biggest stories in 2025: Rocket, Redfin enters the portal wars Read More »
From lawsuits to mergers and acquisitions at a scale never seen before in real estate and everything in between, 2025 was full of twists, turns and surprises for the housing industry. HousingWire is rewinding and breaking down the biggest storylines in the real estate industry from this past year. Despite strong revenue growth and a
Biggest stories of 2025: Zillow’s terrible, horrible, no good, very bad legal storm Read More »
While Zillow made waves earlier this week after removing climate risk data, which was supplied by First Street Technologies, from its listings, Redfin has taken a different approach. In a post on LinkedIn, Redfin’s chief economist Daryl Fairweather wrote that her firm had made the choice to continue displaying the data “because homebuyers find climate
Redfin defends climate risk transparency after Zillow removes data Read More »
The two antitrust lawsuits involving Zillow and Redfin’s $100 million multifamily rental syndication deal have been consolidated. The plaintiffs in the lawsuits include the Federal Trade Commission (FTC) and attorneys general in Virginia, Arizona, New York, Connecticut and Washington. The five states’ attorneys general filed their unopposed motion to combine their lawsuit with the suit filed
Court merges lawsuits over Zillow, Redfin’s multifamily listing deal Read More »
Compass’s preliminary injunction hearing in its antitrust lawsuit against Zillow continued throughout this week, before finishing up on Friday. The hearing, which is being held in New York City under the auspices of U.S. District Court Judge Jeanette Vargas, will be used to decide Compass’s motion seeking to block the enforcement of Zillow’s listing access
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Redfin puts forth AI chat tool for home searches Redfin has launched a new AI-powered “conversational home search” on its website, allowing users to find homes through natural
Tech Pulse: Redfin, Real Brokerage show off AI home search Read More »
A growing share of U.S. homebuyers are using Department of Veterans Affairs (VA) loans as the housing market leans in favor of buyers. Nationwide, 7.3% of mortgaged homebuyers used a VA loan in August, up from 6.5% a year earlier — the highest level for that month since 2019, according to a report from Redfin.
VA loans rise as housing market shifts toward buyers Read More »