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August 18, 2017Redfin Predicts the Hottest Neighborhoods to Close Out 2017
Seattle's First Hill Expected to be the Hottest Neighborhood in the Nation; 138 Neighborhoods in 46 Metropolitan Areas Were Ranked Based on Pageviews and Favorites on Redfin.com SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — Redfin (www.redfin.com), the next-generation real estate brokerage, today released a list of neighborhoods across the country it predicts will be the hottest to close out the year, topped by First Hill in Seattle. To rank these neighborhoods, the brokerage analyzed hundreds of... 
August 17, 2017Redfin: Home Sales Fell 3.5 Percent in July, the 22nd Consecutive Month to Post an Inventory Decline
Home prices increased 6.8 percent from last year SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — Home prices increased 6.8 percent from a year ago to a national median sale price of $293,000 in July, according to Redfin (www.redfin.com), the next-generation real estate brokerage. This represented a slight decline of 0.3 percent from June. The median value of off-market homes in July was $249,000, as measured by the Redfin Estimate, up 0.7 percent from June. This Smart News Release feature... 
August 10, 2017Redfin Brings Tech-Powered Real Estate Brokerage, Industry-Leading Website and Mobile App to Boise
BOISE, Idaho--(BUSINESS WIRE)--(NASDAQ: RDFN) -- Redfin (www.redfin.com), the next-generation real estate brokerage, today announced the debut of its home-buying and selling services in Boise. In addition to working with local, Redfin-employed real estate agents, people can now search Redfin.com and the Redfin iOS and Android apps for all the agent-listed homes for sale in the greater Boise metro area. Paul Reid has been tapped to lead the brokerage’s operations in Boise. R... 
August 10, 2017Redfin Migration Report: Home Affordability Continued to Shape Migration Currents as Homebuyers Looked to Leave Expensive Coastal Cities in the Second Quarter
The Bay Area, New York and Los Angeles ranked highest for net outflow of home searchers SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — Twenty-one percent of Redfin.com users in the second quarter of 2017 searched mostly for homes outside the metro where they reside, slightly up from 20 percent in the first quarter, according to the latest migration report from Redfin (www.redfin.com), the next-generation real estate brokerage. The Redfin Migration Report analyzed a sample of more than on... 
August 03, 2017Redfin Report: Luxury Home Prices Up 7.5 Percent in the Second Quarter, Outpacing the Rest of the Market for the First Time Since Late 2014
SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — Luxury home prices rose 7.5 percent in the second quarter of 2017 compared to last year, to an average of $1.79 million, according to the latest luxury housing market report by Redfin (www.redfin.com), the next-generation real estate brokerage. Redfin’s analysis tracks home sales in more than 1,000 cities across the country and defines the luxury market as the top 5 percent most expensive homes sold in the city in each quarter. The average p... 
August 02, 2017The Gender Pay Gap is Half the Size at Tech Companies with More Female Executives, According to New Study by Redfin and PayScale
These Companies Also Have Higher Employee Satisfaction and Lower Turnover For Both Men and Women SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) -- Technology companies with more female executives pay female employees more fairly and have higher employee retention and satisfaction, according to a new study by Redfin (www.redfin.com), the next-generation real estate brokerage, and PayScale, a company that has compiled the world's largest database of individual salary profiles. For this study... 
August 01, 2017Redfin Housing Demand Index Slipped in June from May’s All-Time High
Compared to May, about the same number of Redfin customers requested home tours in June, but fewer made offers in the face of double-digit supply declines SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The Redfin Housing Demand Index fell 4.3 percent from May’s all-time high to 130 in June, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Still, homebuyer demand was up 27.8 percent year over year. The Demand Index is based on thousands of Redfin customers r... 
July 27, 2017Redfin Announces Pricing of Initial Public Offering
SEATTLE, July 27, 2017 (GLOBE NEWSWIRE) -- Redfin Corporation (NASDAQ:RDFN), a technology-powered residential real estate brokerage, today announced the pricing of its initial public offering of 9,231,000 shares of its common stock at a price of $15.00 per share. All of the shares are being offered by Redfin. The shares are expected to begin trading on The NASDAQ Global Select Market under the symbol “RDFN” on July 28, 2017. In addition, Redfin has granted the underwriters a 30-day option to pur... 
July 13, 2017Redfin and Industry-Leading Venture Firms Pledge to Diversify Startup Boards
Venture Capital Firms DFJ, Greylock Partners, Madrona Venture Group and Pioneer Square Labs, as well as Board Software and Advisory Firm Boardspan, Commit to #DiverseFromTheStart Campaign, Opening Board Seats at Early-Stage Companies SEATTLE--(BUSINESS WIRE)-- Redfin (www.redfin.com), the next-generation real estate brokerage, joined by venture capital firms DFJ, Greylock Partners, Madrona Venture Group and Pioneer Square Labs, as well as board software and advisory firm Boardspan, today... 
July 13, 2017Redfin: Home Prices and Buyer Competition Hit New Highs in June as Inventory Drought Dragged into 21st Consecutive Month
New records set: 26.6 percent of homes sold in June went for more than their asking price and the typical home found a buyer in 36 days In Denver, Seattle and Portland, the typical home sold in June was off the market in a week SEATTLE--(BUSINESS WIRE)-- U.S. home prices rose 7.3 percent to a median sale price of $298,000 in June, according to Redfin (www.redfin.com), the next-generation real estate brokerage. This is the highest national median sale price Redfin has recorded since ... 
July 12, 2017Redfin to Host Seattle Event for Women in Technology on July 13
Women@Work: A Different Future for Tech Will Showcase Women Leaders from Business and Journalism Discussing their Strategies for Personal Success and Industry-wide ChangeSEATTLE--(BUSINESS WIRE)--Redfin (www.redfin.com), the next-generation real estate brokerage, today announced a first-of-its-kind event in Seattle. Women@Work: A Different Future for Tech, will take place on Thursday, July 13, from 1 p.m. to 7 p.m., at 415 Westlake in Seattle. Bridget Frey, Redfin's chief technology officer, wil... 
June 28, 2017Survey: One In Three Recent Homebuyers Made an Offer Sight-Unseen, Up From Nearly One In Five A Year Ago
Forty-one percent of buyers would be hesitant to move to a place where people have different political views More than half of Arab, Asian and Latino respondents said immigration orders influenced their home-buying or selling plans, according to a new Redfin-commissioned surveySEATTLE — June 28, 2017 — Thirty-three percent of people who bought a home in the last year made an offer without first seeing the home in person, according to a May survey of 3,350 homebuyers and sellers commissioned by R... 
June 27, 2017Redfin Housing Demand Index Hit a New High in May
The number of Redfin customers requesting home tours and writing offers has been growing since March SEATTLE — June 27, 2017 — The Redfin Housing Demand Index increased 11.3 percent from April to a seasonally adjusted record level of 136 in May, according to Redfin (www.redfin.com), the next-generation real estate brokerage. This was the highest level of homebuyer demand recorded since Redfin began tracking this data in January 2013. The Demand Index is based on thousands of Redfin customers ... 
June 15, 2017Redfin: May Housing Market Sets Records for Speed and Competition
The typical home sold in May found a buyer in 37 days More than a quarter of homes sold for more than their asking price SEATTLE--(BUSINESS WIRE)-- U.S. home prices rose 6.8 percent to a median sale price of $288,000 in May, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home sales increased 7.5 percent over last year, despite a long-standing shortage in the supply of homes. The number of homes for sale fell 10.9 percent, leaving just 2.7 month... 
June 07, 2017Redfin Names the Most Affordable Beach Towns for Real Estate
Atlantic City, New Jersey Earns the Number One Spot; Seven Florida Cities Make the Top 10 SEATTLE--(BUSINESS WIRE)-- Atlantic City is the most affordable U.S. city to buy a beach home, according to Redfin (www.redfin.com), the next-generation real estate brokerage. To determine the most affordable beach towns, Redfin looked at coastal cities with populations of at least 1,000 people and identified those where at least 3 percent of the vacant units were flagged by the Census as being for... 
June 01, 2017Redfin Study: Middle-Class African-American and Hispanic Families Virtually Priced Out of Homeownership in Hot West Coast Markets
Fewer than five percent of homes for sale in Denver, Los Angeles, Portland, San Francisco, San Diego and Phoenix were affordable on median African-American and Hispanic household incomes in 2016Denver had the smallest racial affordability gap; Minneapolis had the largest St. Louis was the only large metro to post gains in affordability for typical African-American and Hispanic families SEATTLE — June 1, 2017 — In 2016, just 18 percent of homes for sale in the 30 largest U.S. metros were a... 
May 31, 2017Walk Score Ranks the Most Walkable Cities of 2017
New York remains the most walkable; Miami overtakes Philadelphia for fourth place SEATTLE--(BUSINESS WIRE)-- Walk Score® (www.walkscore.com), a Redfin company, today released its 2017 ranking of the most walkable U.S. cities with populations over 300,000. New York, San Francisco and Boston remain the top three most walkable cities in the nation, while Miami leapfrogged Philadelphia to become the fourth most walkable city since last year's ranking. Walk Score Ranking of Lar... 
May 30, 2017Redfin Housing Demand Index Ticks Back up as Prime Selling Season Commences
The number of Redfin customers requesting tours rebounded in April while the number of buyers making offers posted modest growth SEATTLE--(BUSINESS WIRE)-- The Redfin Housing Demand Index increased 9.2 percent from March to a seasonally adjusted level of 121 in April, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. A level of 100 represents the historica... 
May 18, 2017Redfin: Homes Sold Faster Than Ever in April
Home prices gained as sales were constrained by a double-digit inventory dip The typical home that sold last month went under contract in just 40 days, and the market is likely to accelerate further SEATTLE--(BUSINESS WIRE)-- U.S. home prices rose 6.2 percent to a median sale price of $280,000 in April, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home sales inched up 1.2 percent over last year, constrained by a shortage in the supply of homes. The number of... 
May 12, 2017Redfin Announces 1% Listing Fee Trial In San Diego
Home Sellers Get Full-Service and Save Thousands in Fees by Listing with a Redfin Agent CARLSBAD — May 12, 2017 — Redfin (www.redfin.com), the next-generation real estate brokerage, today announced a trial program offering a 1 percent listing fee to San Diego home sellers who list their property with a Redfin agent, with a minimum fee of $4,500. Redfin's full service listing agents provide free professional photography, a Redfin 3D Walkthrough of the home and a comprehensive digital marketing c... 
May 01, 2017Solar Power Pays Off in These 10 Midwestern Cities
Redfin Teamed Up with Sun Number to Rank the 10 Midwestern Cities With the Most Solar Potential SEATTLE--(BUSINESS WIRE)-- The Midwestern region of the United States may not seem like an ideal area for solar power, but there are actually quite a few cities within this region where it would be wise to invest in solar panels. Redfin (www.redfin.com), the next-generation real estate brokerage, teamed up with Sun Number, a U.S. Dept. of Energy SunShot-funded startup that has developed a patented, a... 
May 01, 2017Redfin Survey: One in Four Home Sellers Report Having No Concerns About Selling
Sellers are Less Likely to be Worried about Finding a Replacement Home Going into SpringSEATTLE — May 1, 2017 — One in four home sellers said they have no concerns about selling this spring, according to an April survey of nearly 900 homeowners conducted by Redfin (www.redfin.com), the next-generation real estate brokerage.The 179 survey respondents who indicated that their home was currently listed for sale or that they were planning to list in the coming year (considered “home selle... 
April 27, 2017Redfin Report: Trump Appointee Home Purchases Contribute to 33 Percent Price Surge in D.C.’S Luxury Market
National luxury home prices rose 4.2 percent in the first quarter, highest gains since 2014 SEATTLE--(BUSINESS WIRE)-- Luxury home prices rose 4.2 percent in the first quarter of 2017 compared to 2016, to an average of $1.65 million, according to the latest luxury housing market report by Redfin (www.redfin.com), the next-generation real estate brokerage. Redfin’s analysis tracks home sales in more than 1,000 cities across the country and defines a home as luxury if it is among the to... 
April 25, 2017Redfin Housing Demand Index Drops Amid Lower-Than-Expected Buyer Activity in March; Remains Above Three-Year Average
Compared to February, the numbers of buyers going on tours and writing offers both declined on a seasonally adjusted basis SEATTLE--(BUSINESS WIRE)-- The Redfin Housing Demand Index decreased 13.9 percent from February, to a seasonally adjusted level of 108 in March, according to Redfin (www.redfin.com), the next-generation real estate brokerage. While homebuyer demand has cooled from its record high of 132 in January, this was still the strongest March since 2013, when the Demand ... 
April 24, 2017Inaugural Redfin Migration Report: Movement out of Expensive California Housing Markets Dominated U.S. Migration Patterns in Early 2017
One in five Redfin users searched for homes outside their metro; Boston, Chicago and Seattle had the most loyal residents SEATTLE--(BUSINESS WIRE)-- One in five prospective homebuyers searched mostly for homes outside their current metro area in the first quarter of 2017, according to a report from Redfin (www.redfin.com), the next-generation real estate brokerage. The inaugural Redfin Migration Report, which will be released on a quarterly basis, analyzed a sample of nearly one million ... 
April 14, 2017Redfin Names the Best College Towns to Buy an Investment Property
Redfin Compiled Median List Prices, U.S. News and World Report Ranking, Tuition Cost and Fees and Walk Score® Data to Find the Top College Towns to Buy an Investment PropertySEATTLE--(BUSINESS WIRE)--Investing in a home near a college has some undeniable perks--rent prices are typically stable and there’s always a new pool of tenants looking for rentals. Redfin (www.redfin.com), the next-generation real estate brokerage, narrowed down the most affordable college towns near schools that offer low... 
April 13, 2017Redfin: Home Prices and Sales Posted Strong Gains as Supply Shortage Continued Into March
March market speed continues the trend of 2017 being the fastest housing market on record SEATTLE — Apr. 13, 2017 — U.S. home prices rose 7.5 percent to a median sale price of $273,000 in March as home sales made a strong showing, up 8.9 percent over last year, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The number of homes for sale fell 13 percent compared to last March, marking the 18th consecutive month of annual supply declines. 2017 remains... 
March 31, 2017Redfin Survey: Supply Shortage is Home Sellers’ Greatest Challenge This Year
Redfin agents report that buyers are having success with down payments below 20 percent despite intense competition and fast sales SEATTLE--(BUSINESS WIRE)-- The greatest challenge for home sellers this year is finding another home to buy, according to a survey by Redfin (www.redfin.com), the next-generation real estate brokerageIn a March survey of more than 800 Redfin real estate agents, 65.6 percent said that low inventory was the greatest challenge for sellers in their markets. "It's a selle... 
March 28, 2017Redfin Housing Demand Index Dips from January’s Record High
Limited supply is a key factor holding back sales this spring amid overall strong buyer interest SEATTLE--(BUSINESS WIRE)-- The Redfin Housing Demand Index decreased 8.5 percent from January’s record high, to a seasonally adjusted level of 118 in February, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Despite the dip from the previous month, this was the strongest February for homebuyer demand since at least 2013, the first year measured by the... 
March 20, 2017Redfin Quantifies the Effect of Public Transportation Access on Home Prices
One Transit Score Point is Worth an Average of $2,040, or 0.6 Percent of a Home’s Value One Transit Score Point is Most Valuable in Atlanta, Boston and Washington, D.C. SEATTLE--(BUSINESS WIRE)-- One Transit ScoreⓇ point can increase the price of a home by an average of $2,040 or 0.6 percent, according to the latest analysis by Redfin (www.redfin.com), the next-generation real estate brokerage. To estimate the value of public transportation access when buying or selling a home, Redfin lo... 
March 16, 2017Redfin: Home Prices Jumped in February as Sales Were Constrained by A Double-Digit Inventory Dip
Affordability Pressures Mount amid Rising Mortgage Rates SEATTLE — Mar. 16, 2017 — U.S. home prices rose 7.2 percent in February, which marked 60 consecutive months of annual increases since home prices bottomed in early 2012, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home sales gained a modest 1.8 percent, constrained by a continuing inventory shortage. The number of homes for sale fell 12.9 percent year over year in February, the third mont... 
March 15, 2017Survey: Most Home Sellers Tried To Negotiate Real Estate Agent Commissions Last Year
Millennial Home Sellers Most Likely to Negotiate for Lower Commissions; Reluctant to Move to Areas Where Most People Have Differing Political Views SEATTLE — Mar. 15, 2017 — A majority of sellers last year tried to negotiate their listing agent’s commission to a lower price, according to a survey of 3,352 homebuyers and sellers across 11 major metropolitan markets conducted in December 2016 by SurveyGizmo and commissioned by Redfin (www.redfin.com), the next-generation real estate brokerage. ... 
March 13, 2017Redfin Ranks the Best Places to Live If You Love March Madness
Philadelphia, Louisville and Los Angeles Lead the FieldSEATTLE--(BUSINESS WIRE)--Philadelphia, Louisville and Los Angeles are the best U.S. cities to live in if you love March Madness, according to the latest report by Redfin (www.redfin.com), the next-generation real estate brokerage. Redfin looked at factors that would make cities more fun and livable for March Madness fanatics, including number of times the city hosted the NCAA tournament, NCAA tournament appearances and final four runs by ne... 
February 28, 2017The Redfin Housing Demand Index Continued Record Climb in January
The number of buyers touring homes was up nearly 26 percent compared to last year; buyers writing offers were up 18 percentSEATTLE--(BUSINESS WIRE)--The Redfin Housing Demand Index increased 6.5 percent from the previous month to a seasonally adjusted level of 130 in January, according to Redfin (www.redfin.com), the next-generation real estate brokerage.This marks the highest level recorded since January 2013, the first month measured by the index. The Redfin Housing Demand Index is based on th... 
February 16, 2017Redfin: Home Prices And Sales Showed Steady Growth in January While Inventory Continued to Decline
Last Month was the Fastest January Housing Market on Record SEATTLE — Feb. 16, 2017 — U.S. home prices rose 7.0 percent in January and home sales gained 5.6 percent over last year, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Inventory fell 12 percent compared to last year, the largest annual drop in the number of homes for sale since April 2013. The dearth of supply was due in part to a 5.1 percent annual decline in new listings. But last month was also the f... 
February 06, 2017Redfin Names the Best Cities for Living Without a Car
Redfin Compiled Walk Score Rankings to Find Top 10 U.S. Cities with the Highest Bike, Walk and Transit Scores SEATTLE--(BUSINESS WIRE)-- Proximity to restaurants, grocery stores, parks and jobs are some of the key perks of urban living, especially if those destinations are accessible without a car. Redfin (www.redfin.com), the next-generation real estate brokerage, compiled the latest Walk Score rankings to see which U.S. cities with populations greater than 300,000 have the highest composite W... 
February 02, 2017Independent Study Finds Redfin Estimate to be Most Accurate Among Top Automated Home-Value Estimates
The Redfin Estimate was More than Twice as Likely to be Within 3% of the Home's Selling Price than the Zillow ZestimateⓇ and more than Four Times as Likely as the Homes.com EstimateSEATTLE -- Feb. 2, 2017 -- Redfin (www.redfin.com), the next-generation real estate brokerage, today announced the findings of a comprehensive, independent study that found that the Redfin Estimate more accurately predicted the value of thousands of homes for sale than estimates from other leading providers of public ... 
February 01, 2017Solar Power is an Untapped Resource in These 10 Cities
Redfin Teamed Up with Sun Number to Find the Top 10 U.S. Cities in the Northeast Region with Untapped Solar PotentialSEATTLE--(BUSINESS WIRE)-- The Northeast region of the United States may not seem like an ideal area for solar power, but there is actually a lot of untapped solar potential in that part of the country. Redfin (www.redfin.com), the next-generation real estate brokerage, teamed up with Sun Number, a U.S. Dept. of Energy SunShot-funded startup that has developed a patented, automate... 
January 31, 2017Redfin Housing Demand Index Reached a New High in December
Homebuyer Demand Increased 15 Percent in the Last Month of the Year SEATTLE — Jan 31, 2017 — The Redfin Housing Demand Index increased 15.1 percent to a seasonally adjusted level of 124 in December, according to Redfin (www.redfin.com), the next-generation real estate brokerage. This marks the highest level recorded since January 2013, the first month measured by the Redfin Demand Index.The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. A level o... 
January 26, 2017Redfin Launches Mortgage Business
DALLAS — Jan. 26, 2017 — Redfin (www.redfin.com), the next-generation real estate brokerage, has formed Redfin Mortgage to loan money to Redfin customers buying homes. By integrating a lending operation with Redfin's existing brokerage and title businesses, the company's ultimate goal is an entirely digital process, with better service, a faster closing and lower fees. Redfin Mortgage plans to begin issuing loans in the first half of 2017, initially serving customers in Austin, Dallas, Houston a... 
January 25, 2017Redfin Report: Luxury Home Prices Inched Up 0.7 Percent in Fourth Quarter as the Rest of the Market Showed Substantial Gains
Santa Clarita, California showed the largest price gains among luxury markets surveyed Seven of the nation's 10 most unequal cities were in Florida SEATTLE--(BUSINESS WIRE)-- Luxury home prices rose 0.7 percent in the fourth quarter of 2016 compared to 2015, to an average of $1.6 million, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Redfin's analysis tracks home sales in more than 1,000 cities across the country and defines a home as luxury if it is among t... 
January 20, 2017Nine Home Improvement Projects Worth Taking On In 2017
Redfin Data Shows Which Home Improvement Projects are Still Popular and Which Are Yesterday's Trend SEATTLE--(BUSINESS WIRE)-- Home design trends are constantly changing and evolving, so it can be difficult to decide which home improvement projects are worth the time and money. Redfin (www.redfin.com), the next-generation real estate brokerage, dug into listing data to find out which home trends are becoming more popular, which are holding steady and which are a thing of the past. "Homebuyers ... 
January 19, 2017Redfin Predicts The Hottest Neighborhoods of 2017
Oakland's Bushrod Expected to be the Nation's Hottest Neighborhood   117 Neighborhoods in 39 Metropolitan  Areas Were Selected Based on Pageviews and Favorites on Redfin.comSEATTLE — Jan. 19, 2017 — Redfin (www.redfin.com), the next-generation real estate brokerage, today announced its annual list of neighborhoods across the country it predicts will be the hottest this year, topped by Bushrod in Oakland. To rank the neighborhoods that are heating up the most, the brokerage analyzed hu... 
January 19, 2017Redfin: Home Prices Continued to Climb in December while Inventory Hit a Three-Year Low
One in three homes sold in December was under contract within two weeks -- the largest portion on record since 2010SEATTLE — Jan. 19, 2017 — U.S. home prices rose 4.7 percent in December as inventory declined 12.7 percent, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home sales were flat, growing just 0.5 percent from December 2015.Despite lackluster home sales volume, the extreme shortage of homes on the market made for the fastest December on record since Re...