Nearly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract during the month, according to a Redfin analysis of MLS data. That marks the highest July cancellation rate since the company began tracking the metric in 2017 — and up from 14.5% a year ago. Analysts point […]
Home purchase cancellations hit 8-year high Read More »
More than two in five American workers say concerns about job security are causing them to delay or cancel a major purchase such as a car or home, according to a new Redfin-commissioned survey. The survey found that 44% of employed U.S. residents put off or scrapped such purchases. Another 30% said they had already
Survey: Job insecurity leading to home purchase delays Read More »
Permits for new multifamily housing construction have declined from the pace set during the COVID-19 pandemic, according to a Redfin analysis of U.S. Census Bureau data. Developers secured an average of 12.8 permits for buildings with at least five units per 10,000 people from July 2024 through June 2025. That is down 23.1% from the
Redfin: Multifamily housing permits fall from pandemic highs Read More »
As the one-year anniversary of the implementation of the business practice changes stemming from the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement approaches, Redfin is reporting that buyer agent commissions are higher than they were a year ago. According to Redfin’s analysis published Tuesday, during the second quarter of 2025, the average
Redfin: A year after the NAR settlement, agent commissions are up Read More »
Rocket Companies has begun to reshape Rocket Homes, its real estate subsidiary, following the closing of its acquisition of Redfin. The changes include sunsetting Rocket Homes’ search portal, consolidating agent networks and executing layoffs. Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket
Rocket revamps real estate arm, moves home search to Redfin Read More »
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: ICE posts $851M profit in Q2 2025, raises revenue guidance Intercontinental Exchange reported $851 million in net income for the second quarter and a return to profitability in
Tech Pulse: ICE posts strong earnings; bill pushes unconverted crypto in mortgage Read More »
Redfin has partnered with CubiCasa to integrate interactive floor plans and virtual tours into its real estate listings. Redfin is the first major home search platform to adopt CubiCasa’s interactive media directly into listings, supporting a growing demand among buyers for visual tools that help to assess a home’s suitability. “A home’s layout can make
Redfin integrates CubiCasa interactive floor plans Read More »
At first glance, the real estate portal landscape looks much like it did a year ago. The same power players, the same products, the same strategies — at least on the surface. “My initial snarky reply is that the space hasn’t changed,” Mike DelPrete, a real estate industry technology strategist, said. “If you look at
Has the real estate portal landscape changed after all the M&A? Read More »
Detroit-based Rocket Companies confirmed a company-wide layoff on Friday, just weeks after completing its $1.75 billion all-stock acquisition of real estate brokerage Redfin. The cuts affected roughly 2% of the firm’s workforce. “Following the Redfin acquisition, we carefully reviewed our combined structure, identified overlapping roles and made the difficult decision to streamline teams,” a spokesperson
Rocket lays off 2% of workforce after closing Redfin acquisition Read More »
A little over two weeks after Zillow filed letters responding to Compass’s motions for preliminary injunction and expedited discovery, the listing portal giant is officially firing back with its response to these motions. Zillow filed its response and related declarations from company executives, including Chief Industry Development Officer Errol Samuelson, CEO Jeremy Wacksman and CFO
Zillow pushes back against Compass’s claims of conspiracy, monopoly Read More »