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The Latest Breaking News from Redfin

Job cuts are rolling in. Here's who is feeling the most pain so far

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.

WEKU

America’s best places to live in 2022

While there has been some movement to the suburbs during the pandemic, major cities remain attractive places to live and work. If you’re reevaluating where you call home or considering relocating this year, here are Bankrate’s picks for the best places to live in 2022.

Tribune News Service

Airbnb Backlash Could Be a Boost for Hotels

Rising rents may be contributing to a social media backlash against the company.

The Street

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Real Estate Companies Are Laying Off Staff Right And Left

Both Redfin and Compass announced that they would be making significant staff layoffs.

The Street

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same'

Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost.

Los Angeles Times

Redfin to lay off hundreds as housing market cools

The cooling housing market is catching up with Seattle's real estate tech companies.

Tribune News Service

Cooling housing market prompts layoffs at Redfin

Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off

The Independent UK

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Redfin laying off 8% of its staff

"We could be facing years, not months, of fewer home sales, and Redfin still plans to thrive."

Axios

Housing Beat: Mortgage Rates Up Again, Homes With High Fire Risks Sell For More

This week in the housing market, mortgage rates resumed their upward movement, mortgage applications continued their downward movement and industry experts weighed in on the arrival of the next recession.

Benzinga

Revoking job offers is an increasingly common cost-cutting strategy

More leaders are seeing rescission as a feasible strategy,

Axios

Investors Are Buying Up More Than 25% Of The Available Homes In These Markets

Amongst the competitive real estate markets, it’s not just first-time home buyers or sellers looking to downsize or expand. A good chunk of the competition is investors.

Benzinga

Housing Beat: Mortgage Rates Flatten As Sun Belt Sees New Boom In Home Building

This week in the housing market, mortgage rates were mostly flat, mortgage application volume was down and the Sun Belt is shining with new single-family home construction.

Benzinga

You Won't Believe What People Are Doing to Sell Their Houses

Higher interest rates are finally forcing some home sellers to do something nearly unthinkable.

The Street

The real estate buying frenzy is over

"The market's shifted from irrational to more rational."

Axios

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Benzinga

Peering Into Redfin's Recent Short Interest

Redfin's (NASDAQ:RDFN) short percent of float has risen 3.85% since its last report. The company recently reported that it has 13.62 million shares sold short, which is 13.23% of all regular shares that are available for trading.

Benzinga

Housing Beat: Mortgage Rates Dip, Home Sales Flatten, Reverse Mortgages Get New Cred

The latest news from the housing industry finds mortgage rates dipping slightly while home sales decelerate and reverse mortgages gain greater attention.

StockNews.com

Better Buy: Opendoor vs. Redfin

In this article I will analyze and compare Opendoor Technologies (OPEN) and Redfin (RDFN) to determine which real estate technology stock is currently a better buy.

Axios

The crazy housing market is finally slowing

But rising mortgage rates will continue to put the squeeze on buyers.

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Benzinga

Housing Beat: Mortgage Rates Keep Climbing As Inventory Levels Slowly Expand

More homebuyers were taking out mortgages despite climbing rates while the tight housing inventory is showing signs of improving. Nonetheless, many homebuyers are not optimistic about the housing market’s near future.

Benzinga

Expert Ratings for Redfin

Analysts have provided the following ratings for Redfin (NASDAQ:RDFN) within the last quarter:

Benzinga

Housing Beat: 30-Year Mortgage At 13-Year High; Major Lenders In LinkedIn Spat

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders.

The Independent UK

Redfin settles lawsuit alleging housing discrimination

Fair housing advocates have announced a settlement to resolve a lawsuit against real estate brokerage Redfin that will expand housing opportunities for consumers in communities of color

Tribune News Service

Redfin settles suit by fair-housing groups over ‘minimum price policy’

Online real estate brokerage Redfin Corp. agreed to stop refusing to provide service to lower-priced homes and will pay $4 million to settle a lawsuit brought by fair-housing groups who claimed the company’s “minimum price policy” disadvantaged non-White buyers and sellers.

Benzinga

Housing Beat: Mortgage Rates Stay Elevated, Profit Margins On Home Sales Down

Mortgage rates remained on the high side this week while pending home sales continued to decline and mortgage delinquency rates also recorded downward motion.

Axios

Buying a house in these metro areas is increasingly unaffordable, new report finds

The rise in prices is driven by remote workers moving in from expensive coastal cities

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