In the News

“The stock market hit all-time highs with gains in nearly every sector last quarter, instilling confidence among the wealthiest homebuyers,” Redfin Chief Economist Nela Richardson said in a statement.

Redfin CEO Glenn Kelman discusses the outlook for the housing market as the number of homes for sale dropped nearly 15% in December compared to last year.

A balanced housing market tends to have about six months of supply, according to Nela Richardson, chief economist at Redfin. In December, the market had less than three months of supply, and homes were selling five days faster than the year before.

Redfin, another online real estate database, has also seen a crypto trend in its listings, especially in hubs like the Bay Area and Miami. The number of listings that accepted cryptocurrency jumped from 75 in December to 134 in mid-January.

“Today’s seller is tomorrow’s buyer,” said Nela Richardson, Redfin’s chief economist. “When inventory is tight you need a sure thing on the transaction.” High-end sellers, who tend to be less price sensitive, might be even more willing to accept lower prices in exchange for the added security of a cash bid, especially if the offer is above the property’s appraised value

Real estate brokerage Redfin rocked the real estate world a few years ago when it introduced a 1 percent sales commission for the full range of listing agent services in Washington and other cities. Now Redfin is experimenting again — this time with a trial run of “concierge-style” home-selling services in Los Angeles and Washington.

Data from brokerage Redfin shows that in November 2017 there were 653,347 homes for sale across the country. In November 2010 there were 967,604. 

Reducing tax benefits to homeownership may hurt values, while motivating potential sellers to stay in their homes longer could have the reverse effect. How the dynamics play out remains to be seen. The tax changes “are being done to make the corporate tax cut work, and not being done to make the housing market work,” said Redfin chief economist Nela Richardson. 

Redfin is named the #9 company to work for in Seattle, ahead of companies including Starbucks, T-Mobile and Zillow.

"In 2018, strong price growth will be met with higher interest rates in addition to possible tax changes that could make homeownership even more unaffordable than it is now," said Nela Richardson, chief economist at Redfin.

On Thursday morning, hours after the proposal was unveiled, Redfin, a national real estate brokerage firm based in Seattle, started drafting a memo to its more than 1,000 real estate agents instructing them to ensure that prospective home buyers can still afford homes in their desired price range.

“The housing market in Montgomery County was slower than Prince George’s County, with sales more sluggish there in 2016 and earlier this year,” said Nela Richardson, chief economist of Redfin brokerage in Washington.

“The housing market is slowing in nearly every metro area in the country,” says Nela Richardson, chief economist of Redfin brokerage in Washington. “We’re just not seeing the usual fall market pickup at the end of August and in early September." Affordability is the culprit in the District and other locations, Richardson says.

"For some time we have been hearing from sellers that are not listing because they are worried they won't be able to buy their next home in that market," says Redfin chief economist Nela Richardson.Don't abandon hope. There are plenty of moves you can make to sell while improving the chances you'll be able to afford to move to your next Best Place.

Even buyer competition, which remains incredibly high, may be finally cooling. A recent report from real estate brokerage Redfin showed that while annual price gains were still high, monthly gains over the summer were flat. That may be the result of fewer bidding wars. "The real estate market still favors sellers, with strong demand and rising prices, but perhaps less so now than earlier in the year," Redfin CEO Glenn Kelman said in a statement.

Tara Waggoner, the Houston market manager for brokerage and online listings firm Redfin, said the firm’s local agents were getting about four times the number of calls they usually get from investors. They ranged from individuals looking to buy one flooded house to groups of ten or more pooling their money for a home-buying spree, she said.

“The main problem is we have become a victim of our own success; the cost of labor has gone through the roof,” Kelman said. “Even if you can pay, the sheer ability to hire that many people in this region and house those people has strained the region. I think for Amazon just to scale it needs another place in North America.

Redfin, a national real estate brokerage firm, said its agents had 45 home buyers lined up to purchase homes here when the storm hit. Only eight buyers backed out because of the storm, and tour requests immediately rebounded a week later. “I was shocked,” said Glenn Kelman, the company’s chief executive, who lives in Seattle.

Certainly, the luxury end of the market has experienced a particular boom this year, as many billionaire investors, lawyers and oil and gas executives relocated to the capital. The average price of a luxury property in the capital, defined as the most expensive 5 percent of homes, rose 32.6 percent year-on-year in the first quarter, according to data from Redfin, a national real estate brokerage firm.

A homebuyer browsing listings on Redfin’s website can be offered a tour with as little as 45 minutes’ lead time using AWS tools that track the proximity of agents through their smartphones. That’s resulting in more tours, Redfin says: In the first quarter of 2017 the share of home tours booked based on the agent’s location rose to 41 percent, almost double the same period in 2016, according to the company.

In 2016, just 18 percent of homes for sale in the 30 largest U.S. metros were affordable for middle-class Hispanic families and 14 percent were affordable for African-American families, according to a new study by national realtor Redfin. Both rates were down 11 percentage points from 2012.

"I started a software company with a couple other folks, it went public, we made plenty of money. And I thought it was this incredible mission but in fact, we sold software to Haliburton, we sold software to Frito-Lay and Pepsi and all these companies that didn't necessarily do good things," said Redfin CEO Glenn Kelman. "And at the end of it, all these people who I thought were my brothers in arms, where I thought we were doing something beautiful, actually it was just all about the money. And the deal that I made with my family and myself is that I was never going to do that again."

"Even a Bay Area family with two solid incomes can struggle to afford a modest home," Redfin's chief economist Nela Richardson told the Marin Independent Journal. "For many, the only path to homeownership is to pack up and move out." Jumping ship – a very, very expensive ship – for a cheaper locale is hardly unique to California. Across the nation, Redfin found that 19.8 percent of house hunters in 75 metro areas searched for houses outside their current cities.

"Fast-growing coastal cities may be generating the high-paying jobs, but they haven't created enough budget-friendly housing to keep pace," said Nela Richardson, Redfin's chief economist. "The price of real estate and desire for homeownership is compelling many to uproot and seek housing in more affordable communities."

“It’s a national story. The number of U.S. homes for sale sank 13 percent in March compared to one year earlier, marking the 18th straight month of annual inventory declines, according to a report from Redfin. At the same time, said the report, 2017 “remains on track to be the fastest housing market on record.” Nearly a fifth (19.1 percent) of U.S. homes sold in March went under contract within two weeks, and 21.7 percent of homes sold for more than their asking price.”

When Bridget Frey entered Redfin's Seattle headquarters in 2013, she was one of the first female engineers. Four years later, Frey became the company's CTO. During that time, she took Redfin's gender diversity from almost zero to nearly 30%.

“On average, sellers are receiving five to seven offers this spring, said Stephanie Collins, a Redfin agent in Denver. She had one home this year that drew 15 offers. Another got 52.”

“’We think that 2017 will be the fastest market’ since the peak of the last housing boom in 2006, said Nela Richardson, chief economist at Redfin. So far this year, homes are selling an average of eight days faster than last year.”

“Using home price data from Redfin, a national real estate brokerage, and school quality data based on test scores from the Stanford Education Data Archive, we developed a set of charts that look at school quality, home price and commute. “

“Fifty-two of the 100 largest U.S. cities were majority-renter in 2015, according to U.S. Census Bureau data compiled for Bloomberg by real estate brokerage Redfin. Twenty-one of those cities have shifted to renter-domination since 2009. These include such hot housing markets as Denver and San Diego and lukewarm locales, such as Detroit and Baltimore, better known for vacant homes than residential development.”

“When Bridget Frey joined Redfin, she had the advantage of an existing relationship with the CEO, Glenn Kelman. The friendship allowed for a frank conversation about how Frey would balance her new job and family; she had two young children at the time. The two worked out an arrangement that worked for everyone, allowing her to thrive as an engineer and climb the ranks to CTO.”

When asked to describe her team, Redfin CTO Bridget Frey uses words like “nice,” “friendly” and “collaborative.” While she was the only female engineer working out of the Seattle office when she joined the online real estate broker in 2011, now 30 percent of the engineers on her team are women.

"Housing demand climbed considerably this year, even compared with last year, as the leading edge of the largest generation finally moves into homebuying and a stronger job market supports them. A monthly demand index from Redfin jumped to the highest level since January 2013, when the index began. Compared to January 2016, homebuyer demand was up 23 percent, led by a 26 percent annual increase in homebuyers requesting tours and an 18 percent increase in buyers making offers."

"Machine learning can automate the handling of huge troves of data to help companies make and save money. However, they’re not without pitfalls, as the real estate tech company Redfin learned."

"Denver replaced Seattle as the fastest moving housing market in the United States in January, with half of the homes on sale entering into contract in just 23 days, which was 20 days faster than a year ago, according to a report released Thursday by Redfin."

"Agents should be able to point to their experience and explain where their strengths and weaknesses lie. “Transparency is important," says Redfin real estate agent Nancy Schiff. She also says a good agent should have a team who can tour homes on their clients' schedule, and should be prepared to respond quickly to their questions, understand what they are looking for and write offers quickly. In all, homebuyers should be able to trust the agent has their best interests at heart, she says."

"Redfin, a real estate brokerage firm, compared listed home prices in more than 30 cities with average teachers' salaries to gauge what percentage of available homes teachers could afford. (Administrators, principals, and special-education teachers were not included in the data, and New York City was not studied.) The number of homes within reach for a single teacher has declined in some places by more than 25 percent since 2012."

"What happens when a disrupter encounters disruption of its own? Real estate brokerage Redfin stormed the gates of an entrenched industry in 2006 through a lower-fee, internet-fueled model, refunding a portion of agent commissions to homeowners. Like the company’s founders, CEO Glenn Kelman was steeped in software development, and he saw inefficiencies to slash."

"Redfin is betting that its existing business will allow it to find mortgage customers at a lower cost than a bank and that doing so will ease the sting of its higher borrowing costs."

“ 'In our experience, downtown Boston, Cambridge, and now parts of Somerville seem to hold value irrespective of trends in the broader housing market,' Adam Welling, Boston-area market manager for national real estate brokerage Redfin, said in an e-mail. “ 'Last decade, in the worst housing crash we are likely to see in our lifetimes, we saw property values plateau, but not decrease in those areas.' ”

"The number of women on the boards of tech companies has more than tripled since 2013 according to analysis of 100 public technology companies by Redfin, a national real estate brokerage."

"Nela Richardson, chief economist at online brokerage Redfin, spoke with FORBES on Election Day about why deep down we all vote (or should vote) on housing issues and how whoever wins the election could improve housing for all."

“ 'The Redfin Estimate has quickly become one of the most popular technologies on our website and mobile apps among home sellers, as well as buyers and homeowners,” says Bridget Frey, chief technology officer at Redfin. “We’ve seen a huge jump in the number of visits to off-market homes on Redfin.com, a sign that our industry-leading data science is helping people make decisions about buying and selling homes,' she says."

"Lauren Johnson, a real estate agent with Redfin, says, 'Find an agent who is your advocate and genuinely keeps your best interest at heart. There are a lot of things between the contract and looking at the construction that [first-time homebuyers] may not understand. Having somebody there, if you have doubts or change your mind, is important.'"

" if you're a serious runner, you need to consider Redfin's rankings of the best cities for marathon training. The real estate brokerage company looked at the parks per square mile, days of sunlight, walkscore, and the average daily temperature to determine which city reigns supreme when it comes to endurance running—look below and keep scrolling, because the results just might surprise you."

"Redfin, the Seattle-based real estate brokerage, will drop its listing fee for homes in metro Denver to 1 percent starting Tuesday, a move that could put more downward pressure on area real estate commissions."

"In an analysis of 60 celebrity homes across the Los Angeles metro, Redfin used property data within 500 meters of each star listing to gauge time on the market and discount trends."

“'I have definitely noticed that my buyers have more to choose from, but what it feels like to me is that the buyer pool has been so large, and ever growing, that the increase in inventory has not eased the demand issue,' said Redfin agent Kyle Moss."

"Announcing Our 2016 Winners. Below is a complete list of this year’s winners. Redfin.com was voted Best Brokerage Website"

"A new Redfin analysis studied homes bought and sold by 60 celebrities, and compared them to similar homes in the area. The group found that celebrity-owned properties tended to stay on the market for about 36 days longer than other homes and that they often sold for below asking price."

" Nela Richardson is now chief economist at Redfin, an online real estate brokerage and research firm. She leads the company’s efforts to leverage their vast database to inform consumers about the still convalescent housing market. Her focus of late has been on the headwinds facing the middle class and working class as it tries to achieve the American dream. 'At Freddie Mac, we talked about making housing affordable, but that’s just half the story,' Richardson says. 'It has to be livable too.' That means that communities must have 'great schools, job opportunities, a mechanism for upward mobility.' "

" 'We decided low inventory is also a permanent condition in Denver, San Francisco, Austin, Boston, Seattle,' said Glenn Kelman, chief executive of Redfin, an online real estate company based in Seattle. With more wealth in those areas causing an influx of people, along with low interest rates, 'there’s no place for them all to live,' he said."

"When Bridget Frey moved from Boston to Seattle in 2008, the U.S. was in the midst of a major recession. Eight years later, Frey works for a real estate technology company that is playing a direct role in trying to help people navigate Seattle’s red-hot market, and markets across the country."

"In Greater Boston — where available inventory is so scant that in June about half of new listings flew off the market in two weeks or less, according to Redfin — many sellers feel comfortable pricing their home below market value in an attempt to create a feeding frenzy among desperate buyers. Other times, it’s not even intentional: A fixer-upper in the right location can create its own commotion, warts and all."

"The real estate site’s July market report shows new housing inventory in the region is up 7.6 percent from July 2015."

" Over the past month, the median sale price for homes in the 93110 ZIP Code in June was $1.48 million based on 12 sales, according to Redfin. The asking price for homes in the area has increased 40.9% since July last year, while inventory has decreased by 16.8%." Agents: John Venti, Redfin

"Take a look at an analysis from the real estate group Redfin (which runs the Walk Score rating system). Across 14 major metro areas, it finds that each point on the Walk Score scale raises property prices by an average $3,250, or 0.9%."

"This may explain why the arrival of telecommuting tech workers to Grand Rapids has made the local housing market more competitive, says Kent Selders, the Redfin agent who sold Anderle his home. “It’s reverse sticker shock. People can’t believe how much home they’re getting for their money,” he says. “They’re paying all cash, or almost all cash, and looking at it like bargain shopping.”

"I've been advising a lot of my buyers to consider homes that may need a little TLC in desirable neighborhoods within the inner core of the city," Austin-based Redfin real estate agent Andrew Vallejo said. "Competition is high in the hot neighborhoods, but if buyers are willing to reconsider their priorities it's possible to find a great home without the worry of a bidding war and without breaking the bank."

"Mr. Kelman argues that full-time employees allow him to offer better customer service. Redfin gives its agents salaries, health benefits, 401(k) contributions and, for the most productive ones, Redfin stock, none of which is standard for contractors. Redfin currently employs more than 1,000 agents."

"Glenn Kelman, chief executive officer at Redfin, discusses technology's impact on real estate, the San Francisco market and the trends he's seeing. He speaks to Bloomberg's Cory Johnson on "Bloomberg West."

"With the inclusion of home prices and Walk Score, it's definitely not giving the best cities for craft beer, but provides a window to where living and loving beer might be easiest. Under those criteria, it's not surprising that the classic beer cities that play home to some of the country's biggest brewers rank well. Milwaukee (home of Miller), St. Louis (home of Budweiser), and Denver (home of Coors) all rank in the top 10."

"So we've all been keeping up with the Kardashians, but what about the famous fam's notorious exes?!"

"As builders start work on more new houses, supply will eventually catch up to demand, but the supply-demand gap is expected to continue growing for several years, even if household formation is flat. Chances are it won’t be. Millennials are still forming households, and baby boomers are living longer and more independently than ever."

“Our engineers shadow our real estate agents, learning what it’s like to take a customer on tour or negotiate a home purchase price,” says Bridget Frey, CTO of Redfin.

“It’s still a place where homes are snatched off the market pretty quickly,” said Nela Richardson, Redfin’s chief economist. “At the same time, the median sales price for the whole San Francisco metro is $1.2 million, and there comes a point even in San Francisco where prices outrun demand. We’re closer to that point than we’ve been in years past.”

"The real estate company put together the list based on Google trends in the U.S., and published it in advance of most of the Pride events happening this LGBT Pride Month. We are proud, we are Seattle, and we can't wait to celebrate this weekend".

"A large segment of our clientele is saying, 'There is a very strong possibility in 5 or 10 years, my parents or my husband's parents will come live with us,'" said Redfin Chicago Agent William Finfrock.

“It was like a geek dream come true,” said Nela Richardson, chief economist of the real estate brokerage Redfin.

Madeline McBride of Redfin Realty, has dealt with that with her clients. “You are going to want to really dig into those HOA laws and make sure, in fact, that you can have them,” McBride said.

“I’ve won a home within four hours of it being listed,” said Seattle Redfin agent Kyle Moss. “I have to move very quickly. That does not allow much time for due diligence. It’s a concern.”

You should also determine your price range, and set a maximum amount that is realistic. The Redfin home affordability calculator is a good place to start.

Nela Richardson, chief economist at real estate brokerage Redfin, says one explanation for the sparse supply is that many baby boomers aren't able to sell their family homes and downsize for retirement because they still have adult children living with them.

Home prices rose in August, according to a report released Tuesday, suggesting the market has momentum heading into the final months of the year.

Sales of previously owned homes swung to a big increase in September, putting the market back on track for its strongest year since 2007.

As the legend goes, silent screen star Rudolph Valentino commissioned this Spanish-style residence in Whitley Heights for his mistress, stage and film actress Pola Negri, in the early 1920s.

One in five Americans who bought a home in the past two years said they had made an offer on a home they had never visited, based on a poll of 2,100 recent buyers conducted for Redfin by SurveyMonkey

Many older, established companies are already in the habit of making sure they’re not discriminating against women when it comes to pay. Now tech startups are starting to get hip to the practice, too.

For the second year in a row, Millennials have led all age groups in home purchases, according to the 2015 National Association of Realtors Buyer and Seller Generational Trends study.

Redfin today is introducing a new service dubbed “Book it Now” that allows home shoppers to quickly and easily reserve a home tour, potentially getting a jump on other interested buyers.

A plethora of new apps that cull a range of useful information for those looking to buy, rent or renovate a home has hit the market.

Fueled by a December bounty of $70.9 million in venture capital dough, tech-focused brokerage Redfin is taking the nation by storm and becoming a national real estate portal powerhouse in the process.

After years of finding bargains in a down real-estate market, some purchasers from abroad now face sharply higher housing prices because their nations’ currencies have fallen against the dollar

Walk Score, a company owned by real estate firm Redfin, looked at conditions for cyclists in over 150 U.S. cities of all population sizes. Of the 20 cities with populations of 300,000 or greater, Boston was ranked the fifth most bikeable city.

"Real estate is by far the most screwed up industry in America," Glenn Kelman declared in a 2007 interview on 60 Minutes. Kelman, the CEO of the online real estate company Redfin, was following the familiar script of a disruptive internet startup. "We feel like things that Amazon or eBay or Yahoo have done for other industries, we can do for the real estate industry," he said.

A decade after Google set up shop in this city, Seattle has seen an explosion of Silicon Valley companies setting up their second engineering office.

It may not always be easy being green, but plenty of Americans are making eco-friendly living a priority. And with so many people dedicating themselves to green living, there has been an influx in eco-friendly real estate, especially in these cities.

For many of us, cities that are easier to traverse on foot are better places to live. If you’re one of those people, you might be curious to know which of America’s cities actually are the most walkable. A new study by the real estate and brokerage website Redfin breaks it down.

If getting around without a car appeals, you should head to New York City or San Francisco (if you can afford either). That’s according to a new ranking of the most walkable large US cities by Redfin, a real estate analysis website and brokerage.

Redfin real estate agent Ronee Chenault shares tips for how to stage your home to sell.

One of Draper Fisher Jurvetson's represented companies, next-generation real estate agency Redfin, aims to do everything that a traditional broker does—but also the complete opposite. Like any other broker, it staffs a community of agents; unlike any broker, however, Redfin and its CEO Glenn Kelman keep their agents salaried, giving them more time to spend with clients and less time prospecting.

There are many things to consider when relocating to a new city: schools, parks, population size, public transportation. But what about access to a fantastic wine region? F&W teamed up with Redfin to create a list of the top 10 most affordable cities across the country that are also close to wine-producing areas.

Soon, you'll be able to track your finances with a flick of the wrist. Redfin app included in a roundup of apps for the new Apple Watch.

When chaos hits the fan, it’s up to companies to outsmart the probability of failure and keep moving forward.

Housing market trends bode well for sellers this spring, but some may encounter hurdles even after they land a buyer.

In a panel discussion at the University of Washington, representatives of real-estate websites, a real-estate firm and a labor union discussed how Seattle came to be increasingly unaffordable and what can be done to change that.

The technology industry’s leaders have found their collective voice on a social issue in the last week, rallying with great intensity against a new Indiana law that will allow businesses, they predict, to discriminate against gay couples.

A residential real estate service that prides itself on its tech-savvy ways and alternative methods of compensating agents hopes to make a splash in the Indianapolis market.

Nela Richardson, chief economist at real estate brokerage Redfin, pinpointed inventory as the key factor in whether real estate will have a huge 2015 or not.

According to data from the National Association of Realtors, 89 percent of buyers use online tools in their home searches. Rather than waiting for agents to send them listings, they go online and tell the agents which homes they’d like to see. That makes what appears online even more important!

With wedding costs on the rise, you can't really blame millennials for putting off marriage. They're already crushed by debt and many still live with family. When asked to weigh their priorities, 38 percent said they would or have put off getting hitched in order to afford buying a home, according to a Feb. 13 Redfin Survey of the age group.

Apple is promising “all-new ways to do all kind of things” when its Apple Watch starts shipping later this month. Based on a preliminary list, more than a dozen apps will be available when it launches on April 24, but presumably the list will grow as developers come up with new ideas and early adopters demand more services for the pricey gadget.

There’s a spectrum of service models available to home sellers ranging from full service- full commission agents on one end to discount agents on the other end who provide a “pay-per-service” system in which sellers opt to pay separately for items such as a listing in the multiple listing service, a yard sign and fliers.

For decades, the telephone has been the real estate agent’s tool of the trade. But a new wave of younger homebuyers is changing the way agents use those phones. Millennials, those born between 1980 and the late '90s don’t want to talk. They want texts.

Home sales of $1 million and higher account for only a small share of the overall market. But for Toll Brothers and several other builders, the million-dollar price point has become a new sweet spot for attracting buyers. Two Redfin agents comment on the rise in demand for million-dollar-plus homes.

The 17-year-old is dropping $2.7 million on a home inside The Oaks – an upscale gated community in Calabasas, Calif. And don’t worry, the reality star won’t be moving too far from her family.

Our real estate market is settling down. It's the perfect time to buy if you know where to look.

As a deep freeze grips parts of America in a typically slow season for housing, first-time buyers are flocking to Redfin Corp.’s property tours and classes, signaling their renewed interest in the market.

Continuing an expansion push launched last year and fueled by a $70.9 million funding round, Redfin has hired the former owner of six Re/Max franchises in the Northeast to head up its operations in New Hampshire.

Today’s luxury home selling-and-buying trade deploys increasingly high-tech and digitally enhanced tools, including — of all things — drones!

A panel of 303 pros from around the country (covering markets big and small, hot and cold, city and suburban) completed an online survey, filled with essential questions: What are the costliest mistakes sellers make? When is the best time to put a home on the market? How negotiable are broker’s fees, really?

Real estate services site Redfin studied real estate listings, queries and sales, and the results put Philadelphia out again ahead of most major cities in America.

Redfin, a Seattle-based residential brokerage company, said Seattle wins 6-3 when comparing seven categories (there were several ties where both cities were awarded a point by Redfin).

Early January indicators suggest the housing market got off to a strong start in 2015, with inventory growth and increased demand driving growth in what's usually a chilly month for the sector.

Real estate brokerage Redfin says home prices are 7.6 percent higher in January from a year ago (at least according to sales in the first three weeks of the month). It also says home tour demand among its listing hit an all-time record last week, with the number of customers requesting tours up 62 percent from a year ago.

Home buying is all about compromise this year, says Redfin.

Matt Lerner is a co-founder of Walk Score and its original chief technology officer, and is now vice president of local engineering at Redfin, the company that purchased Walk Score in October. He is our guest this week on “Knight Cities.”

It may be a seller's market, but we believe you should still be able to buy a great house for less than a million bucks.

What do Allston-Brighton, the Back Bay, Beacon Hill, Jamaica Plain, and the South End have in common? All five Hub neighborhoods landed on a national list of the 30 most competitive zip codes in the country for home buyers.

Melanie Salas has been tapped to lead Redfin services in San Antonio. She has been a real estate broker for her own firm, Epic Realty.

Buying a home was tough this year thanks to tight inventory and all-cash buyers, but that’s expected to change in the New Year. While some areas of the country will still experience bidding wars and lofty valuations, many places will have enough affordable inventory to get buyers into a home.

Redfin Corp. raised $70.9 million in a financing round led by institutional investors Wellington Management Co. and Glynn Capital Management.The investment brings Redfin’s total funding to about $167 million, according to a statement from the Seattle-based company.

What makes L.A. such an extraordinary spot for the outdoors lover is the fact that so many of these wilderness areas are easily accessible from the well-developed infrastructure of our urban lives.

Buying a home in the Sunset District is more competitive than finding a parking spot near Rainbow Grocery. It’s more competitive than landing a spot for little Sebastian and Aubrey at an organic, free-range, STEM-focused preschool. It’s certainly more competitive than the 49ers have been this season.

The 34th Street lights display in Hampden once again was named the best in the country by real estate broker Redfin, which released its annual rankings Wednesday. Biography Photo

Experts predict investors will exit the market, clearing the way for traditional buyers and millennials.

Even after the recession, many Americans view their homes as investments or stores of value. But what would it cost to actually build your home out of money? The folks at Redfin have come up with an answer.

The five metro areas that have posted some of the strongest year-over-year sales growth also have seen median incomes rise from last year, according to a new home sales report by the real estate brokerage Redfin.

It takes more than just plunking down a 20% down payment to call yourself ready. You have to be financially, emotionally and mentally prepared—or risk becoming one of the one in four homeowners who feel buyer’s remorse.

Homes cost more in quality school districts – about $50 more per square foot in areas with top-ranked schools versus average-ranked schools, according to real estate company Redfin. And they typically retain their values better when it’s time to sell.

"All three components of builder sentiment are up including current sales, future sales expectations and crucially, traffic,” said Nela Richardson, chief economist for Redfin.

As the U.S. stock market rises, so do sales of million-dollar homes. That correlation is not lost on the nation's Realtors.

Even as the broader real estate market softened, luxury home sales surged in the third quarter. Sales of homes priced at $1 million or more were up 9 percent in the quarter over the same period in 2013, according to quarterly data from Redfin, the real estate research and brokerage firm.

In a blog post from real estate broker Redfin, the City of Brotherly Love was named the top city to be a vampire in — in part due to our number of blood drives.

At a time when overall housing sales in the Washington region are cooling, Redfin is reducing its commission for listing agents from 1.5 percent to 1 percent exclusively in this area in part to encourage more potential sellers to get off the sidelines and put their homes on the market.

The real estate brokerage today is announcing the acquisition of Walk Score, a 10-person Seattle company that ranks millions of addresses across the country based on their walkability, bikeability or proximity to public transportation.

A new and vital analysis from the real estate company Redfin ranks U.S. cities by toilet availability.

Redfin now serves Fresno and Madera Counties. Made up of software engineers and real estate agents, the Seattle-based company was created to make consumers smarter at buying and selling homes with online tools and home listings that are updated every 15 minutes.

National real estate brokerage firm Redfin launched its full-service expansion into the Fresno market. Based in Seattle, the company uses a wide range of technology and resources to bring listing information to buyers and sellers in real-time.

Redfin Chief Economist Nela Richardson was part of a discussion panel on Inside Story with Ray Suarez.

The national real estate brokerage Redfin, which has a reputation for running its business a bit differently from the mainstream companies because its agents work on a salary-with-bonuses structure rather than the traditional commission-only arrangement, is expanding the agent apprentice program.

You can buy the firehouse from The Princess Diaries.

3D tours are the latest tool real estate agents are using to entice buyers. Unlike photo galleries or video tours, 3D tours are more comprehensive, showing you the house from nearly every angle

The first-ever Redfin television ad ran on ESPN in a couple of big markets, Seattle and Chicago, when the Seahawks took on the Washington Redskins on Monday Night Football.

Redfin is expanding its agent apprenticeship program. The Seattle-based brokerage pays prospective agents during the 18-month-long program, which includes classroom learning, help getting their real estate license, hands-on training, and one-on-one mentoring as part of a full-time schedule.

Leading man Jake Gyllenhaal has listed his gated compound in Hollywood Hills for sale at $3.5 million.

A national residential real estate brokerage with a heavy online presence has expanded to the Tucson market. Redfin, which is in 36 markets in about 20 states, launched in Tucson on Sept. 3.

It's hard to imagine a house suitable for these celebs, but these ones seem to fit the bill.

Redfin just released a study showing that these three Seattle zip codes have the most educated millennials compared to the rest of the city.

The results may surprise you: Redfin ranks top 3 Chicago-area neighborhoods.

We handpicked 13 homes with postcard-perfect front yards, marble columns, glistening pools, and expansive lake access that are all a sight to behold.

Although the return of stability to the housing market has helped lift many underwater homeowners back into positive home equity and encouraged other owners to move up to larger or more costly homes, the recovery lacks the robust participation of one important group: young first-time buyers.

The latest sign that buyers are gaining leverage in Southern California's housing market: Price cuts are back.

The national real-estate brokerage Redfin just published a report on where college-educated millennials are living these days. Here is a list of tell-tale signs you are living in a millennial neighborhood.

Glenn Kelman is the CEO of Redfin, a real-estate brokerage. In 1999, he was almost fired from his role overseeing product at Plumtree Software Inc., but managed to convince the company to keep him on.

Whether you just purchased a home or are searching for a way to liven up the house you've been in for years, here are a few simple style suggestions from Redfin Agents that will give any room in your home that trendy edge.

Redfin Agent Jordan Clarke featured in Inman's article for being a high-tech real estate agent.

Speaking at Real Estate Connect, Redfin CEO Glenn Kelman today shared some insights into what the company has learned in its 10-year existence as a well-funded startup that balances a life as tech engine and real estate brokerage.

America's home cooks have increasing access to quality ingredients to serve up gourmet delicacies in the comfort of their kitchens, and real estate brokerage Redfin wanted to find the 10 best neighborhoods with these amenities.

Redfin, a real estate brokerage, put together the top 10 best neighborhoods to live in if food and cooking are your two top priorities. They searched for homes with amenities like big kitchens, gardens and chicken coops, and that are within two miles of a farmers' market and quality grocery stores.

Redfin was mentioned in Facebook's list of apps that have adopted App Links. "When you are on your phone and click on a Redfin link, App Links takes you to the Redfin app for a more seamless home shopping experience."

The Redfin real estate app for iPhone, iPad, and Android was mentioned in the list of 10 apps that make house hunting easier.

Redfin was included in the second annual CNBC Disruptor 50 list. In the list, CNBC features private companies whose innovations are revolutionizing the business landscape.

The Seahawks cornerback recently bought Los Angeles Clippers guard Jamal Crawford's Seattle-area mansion for $2.31 million.

Dr. Dre traded up to to brand new $40 million mansion formerly owned by supermodel Gisele Bundchen and Patriots quarterback Tom Brady. Now that leaves his old place, which he purchased in 2011 vacant.

When houses are selling fast, you've got to be faster than rival buyers. How can buyers compete? These tips will help your offer come out on top.

A Redfin report titled "Which billionaire could buy your city?" found that Bill Gates could buy the entire city of Boston.

The real estate brokerage Redfin calculated that Bill Gates' estimated wealth could purchase all of the homes in Boston.

A report released by Redfin contextualized how much 30 high-profile American billionaires – ranging from Steven Spielberg to Jeff Bezos – could actually spend. Aside from New York, Los Angeles or San Francisco, almost every major U.S. city makes the list of potential acquisitions.

Less than two months after Tom Brady and his supermodel wife Gisele Bundchen listed their mega-mansion for $50 million, they found a buyer with very deep pockets: Dr. Dre!

Redfin Chief Economist Nela Richardson was interviewed about the economy on Marketplace.

Redfin Agent Mike Alderfer was interviewed about the luxury home market.

The team at Redfin wanted to offer people a better way to buy and sell homes in Las Vegas, so they recently announced a move into the Las Vegas market. Redfin real estate agents work side-by-side with engineers every day to make home buying and selling easier and more fun for consumers.

Redfin Agent Greg Whelan's Chicago listing was featured as The Wall Street Journal's 'House of the Day.' This three-story home in Chicago is within walking distance of trendy restaurants and an elevated railroad being turned into a park.

Redfin Agent Jeremy Cunningham and clients talk about pricing in the current market on CNBC's Nightly Business Report segment.

Homes in south Charlotte are selling quickly. Julie Sharpe, a Redfin real estate agent, said houses in the Ardrey Kell and Providence high school districts stayed on the market an average of 77 days in the first quarter of 2014.

Real estate brokerage Redfin announced Tuesday the launch of its home buying and selling services in Tampa and Orlando, making those the fourth and fifth cities in Florida it services.

Meryl Streep reportedly added a new luxury living space to her real estate portfolio a few months ago: a mid-century home in the Hollywood Hills. Now, it's back on the market, fully-furnished for $6.75 million. Images courtesy of Redfin.

Redfin, an Internet-driven, nationwide residential real estate brokerage, announced on April 29 that it has opened a brokerage office in Las Vegas.

Kate Bosworth has never made a gown misstep on the red carpet, so we're not surprised that her newlywed pad is equally gorgeous. Photos courtesy of Redfin.

Results from a new survey by the real estate firm Redfin suggest that 25% of homeowners wish they hadn't purchased their home.

Purchases $1 million or more rose 7.8 percent in March. Transactions for $250,000 or less, which represent almost two-thirds of the market, plunged 12 percent as house hunters found few available homes in that price range.

Redfin Vice President of Engineering Bridget Frey quoted in article about companies that have developed apps designed to put the process of buying a home in the palm of your hand.

Redfin plans a significant update to its iPhone app, aiming to improve how users share listings from the Seattle-based brokerage with their friends on Facebook.

A house is a long-term investment, and making your house energy efficient increases the value. The median sale price of homes with green features is $47,600 higher than for homes without green features, according to Redfin.

This month, Redfin reported that the housing markets in the Census data's hot cities have become the tightest in the country. In Austin, almost 22 percent of homes sell within three days.

A recent report from the real estate website Redfin.com says that, in March, 14.4% of homes in Dallas sold within three days of hitting the market.

There are more bidding wars than ever before with the South Bay housing market that continues to heat up. According to Redfin, San Jose median home values are the highest in all of the markets.

Software developer Stephanie Smallman answers questions about her job at Redfin.

Real estate firm Redfin recently asked 1,900 prospective home buyers nationwide what they planned to do with their old house when they bought a new one. As you'd expect, the majority said they would sell. But 39% said they'd rent it out.

More of America's highly-educated people are leaving huge cities and going to cheaper areas in the West and South. What is driving the shift? A big factor, says Redfin, is soaring housing costs.

Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.

The 1,700 square foot home was designed and built in 1949. According to the landmark nomination, the home is considered a "locally significant example of Northwest Modernism that embodies the distinctive characters of its period of construction."

Guest post by Redfin D.C. agent Marshall Park. Speed is the name of the game in the D.C. housing market.

For many homebuyers, they don't hear anything about their new home's title until they're already signing the closing documents. Redfin has gotten into the title insurance game, with the launch of Title Forward. Title Forward seeks to educate customers on what exactly title insurance is and then help them find cheaper title insurance.

A staged home is one that sells faster. Redfin recommends cleaning out and organizing closets. And don't forget, curb appeal is just as important as staging if you want your home to sell fast.

Mortgage rates are hovering around 4.3 percent, up from about 3.5 percent a year ago. That has moved some people into a lower price range, often with more competition.

Redfin Agent Barry Moon gives advice to homebuyers about how to choose a real estate agent.

If you're in the market for a completely absurd customized mansion, congratulations! National real estate brokerage Redfin has provided a few current listings that prove money actually can buy you anything.

D.C.-based Redfin Agent Marshall Park explains last year the spring real estate season started off with a bang, but this year has been more of a quiet rumble.

U.S. consumer confidence surged to a six-year high in March and house prices increased solidly in January. Ellen Haberle, economist at Redfin, explains worsening affordability and tight inventory led Americans to rethink home buying this year.

San Jose, in the heart of California's Silicon Valley, is the worst place for a teacher to buy a home, according to Redfin. There, only 1% of homes are affordable.

Leonardo DiCaprio purchased a $5 million estate in the Californian dessert resort of Palm Springs. The property is a six bedroom, 7,000 square foot mid-century home.

Homeowners who refinanced when fixed mortgage rates dropped below 4 percent will be less inclined to put their homes on the market as interest rates climb. And as a result, the limited property supply already impeding sales in many markets may not ease anytime soon.

On the third day of the 21st annual South by Southwest Interactive festival, Redfin CEO Glenn Kelman had a plea for entrepreneurs: Stop building software-only companies. Think bigger.

The Redfin real estate blog reports Ryan dropped $3.3 million on a 76-hundred-square-foot home in Seattle in late January. It has four bedrooms, 3.75 bathrooms, and a great view of the Puget Sound and Olympic Mountains.

According to the data, Texas saw the largest influx of well-heeled households moving into the state last year, consistent with move trends overall. South Carolina and Florida also posted net gains.

The utility of the home buyer love letter makes perfect sense to Jared Curhan, an associate professor at the Sloan School of Management who specializes in the psychology of negotiation. "The higher the stakes, the more our emotions can come into play when negotiating."

Redfin CEO Glenn Kelman discusses the future of the company on Bloomberg Television's "Bloomberg Surveillance."

In honor of National Grammar Day, the Grammarly team partnered with Redfin, the technology-powered real estate brokerage, to see if good grammar has an impact on other important life milestones – like buying a home.