Inman Connect
This is the third installment of a new Inman series digging into, and explaining, routine real estate economic metrics and how they’re used to illuminate the current housing market and inventory crises. Don’t miss part 1, The Inman handbook on pending home sales, and part 2, The Inman handbook on new-home sales.
While pending-home sales and new-home sales help agents and consumers understand where the market is going, existing-home sales provide valuable insight into what’s happening currently in terms of price growth, supply and demand.
After record-high existing-home sales throughout 2020, sales have hit a three-month slump that has sparked concern among real estate professionals about buyers’ resilience in the midst of rock-bottom inventory, skyrocketing home price growth and bidding wars.
Redfin Saves Customers Over $1 Billion in Real Estate Commissions
Redfin Customers Saved an Average of $8,200 in Real Estate Fees in 2020
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SEATTLE, June 3, 2021 /PRNewswire/ (NASDAQ: RDFN) Redfin (
www.redfin.com), the technology-powered real estate brokerage, announced the amount it has saved its brokerage customers has now exceeded $1 billion. Since 2006, Redfin has been saving customers money by charging sellers a low listing fee and giving homebuyers a commission refund when they purchase with a Redfin agent. To date, Redfin agents have helped customers with more than 300,000 transactions worth more than $150 billion.
Redfin puts the customer first by blending technology with local agents to deliver innovative service at a better value. Redfin invented map-based search, giving consumers more information about homes for sale. Then the company hired its own agents to be advocates for customers in the transaction, as employees with s
/PRNewswire/ Ben Caballero, a current Guinness World Record title holder and the No. 1-ranked real estate agent in the U.S. since 2013 by RealTrends, set a.
/PRNewswire/ MLS Aligned, LLC, a group of forward-thinking Multiple Listing Services focused on building industry-leading technology for its over 100,000.