The abundance of sellers in the housing market has given buyers a major advantage, leading to record discounts, according to a new industry report. Processing Content The average homebuyer who purchased a home below the asking price last year received a 7.9% discount, the largest since 2012, Redfin found by comparing original list prices with […]
Home discounts hit highest level since 2012, Redfin finds Read More »
The class-action lawsuit filed this week against Rocket Companies and its subsidiaries, which alleges violations of the Real Estate Settlement Procedures Act (RESPA), has drawn heightened attention from the mortgage industry as a wave of mergers and acquisitions accelerates the push toward vertically integrated business models. Legal experts have described the case as “unique,” saying
Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say Read More »
Brian Brown, chief financial officer and treasurer for Rocket Companies, expects continued improvement in the mortgage market in 2026, building on momentum that emerged in the second half of 2025. “If you look at the mortgage forecasts, it depends on which one you choose, but they’re up anywhere from 8% to 25% based on the
Rocket CFO touts ‘all-weather’ model as mortgage market improves Read More »
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 »
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 »
As Congress debates whether to extend Affordable Care Act (ACA) subsidies set to expire, Americans may face steep increases in health insurance premiums — a jolt that could directly threaten homebuying prospects and keep many current homeowners from staying afloat. Daryl Fairweather, chief economist at Redfin; Emma Freer, senior policy analyst for health care at
Will steep increases in health insurance premiums threaten U.S. homebuying? 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 »
Compass may want to drag Redfin into its legal battle involving Zillow’s listing access standards, but the Rocket Companies-owned firm is not having it. On Tuesday, Redfin filed its own letter addressed to Judge Jeannette Vargas of the U.S. District Court in New York City calling Compass’s motion to compel Redfin to produce documents “untimely
Redfin says Compass wants to see ‘privileged and irrelevant documents’ Read More »