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Bend, Boise and Charleston Are Attracting Twice as Many Out-of-Town Homebuyers as Last Year Amid Pandemic-Fueled Migration

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SEATTLE, Feb. 25, 2021 /PRNewswire/ (NASDAQ: RDFN) Nationwide, 30.7% of Redfin.com users looked to move to a different metro in January, according to a new
www.redfin.com), the technology-powered real estate brokerage. That s up from 25.9% during the same time period last year and the highest share since Redfin started tracking migration in 2017. The increase is driven by buyers leaving pricey coastal areas like the Bay Area and Los Angeles in favor of relatively affordable places like Boise, ID and Bend, OR.
The latest migration analysis is based on a sample of more than 2 million Redfin.com users who searched for homes across 87 metro areas in January, excluding searches unlikely to precede an actual relocation or home purchase. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a particular metro area, and homes in that area must make up at least 80% of the user s searches. ....

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Redfin Predicts It Will Become Less Expensive to Sell Your Home as Real Estate Commissions Become More Transparent

Redfin Predicts It Will Become Less Expensive to Sell Your Home as Real Estate Commissions Become More Transparent
The average fee paid to buyers agents was 2.7% in 2020;
Real estate commissions are expected to decline as a federal legal battle ushers in a new era of transparency around real estate commissions
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www.redfin.com), the technology-powered real estate brokerage, published an
in-depth analysis on real estate commissions, giving consumers access to data that has historically been unavailable to them. Redfin s analysis found the typical U.S. home seller in 2020 paid the brokerage representing the buyer a commission equal to 2.7% of the sale price down only slightly from 2.8% in 2012. ....

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Homepie Becomes California's Hottest Brokerage for Savings

California Home Sellers Shocked with 6% Drop in Real Estate Seller Costs Homepie becomes California’s hottest brokerage for savings Homepie, a proptech startup, allows consumers to eliminate tens of thousands of dollars in commissions by leveraging technology to independently stage their property and get it in front of online buyers. With Homepie’s model applied to California properties, sellers stand to save $43,075 on average. SIMI VALLEY, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) Homepie, Inc®, a leading provider of do-it-yourself tools for homebuyers and sellers who wish to transact without a real estate agent, today announced that they have surpassed brokerages like Redfin in delivering the lowest cost real estate transactions. Homepie, Inc® is a property technology (proptech) startup, hitting headlines for giving California home sellers a marketplace where they can sell their home for free with over 400 homes listed on the platform in the last two months. S ....

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Redfin: 4Q Earnings Snapshot

SEATTLE (AP) Redfin Corp. (RDFN) on Wednesday reported fourth-quarter net income of $14. ....

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COVID, Taxes Lure Upscale Homebuyers to Florida's $70MM Serena by the Sea

COVID, Taxes Lure Upscale Homebuyers to Florida s $70MM Serena by the Sea
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Prolonged isolation due to COVID-19 is creating a growing desire among those living in dense urban areas to seek living spaces that provide more privacy, space, and safety leading to a sharp increase in demand for properties. This trend is especially being felt in southern parts of the country where lower costs of living and tax rates are additional incentives, says Valor Capital Real Estate Development, whose most recent project is catering to the “new mass exodus”.
CLEARWATER, Fla. (PRWEB) February 22, 2021
Two surveys from home listing provider Redfin, found that of their more than 1 million users, 27% searched for homes outside densely populated urban areas between April and May of 2020, the highest since they had begun recording migration data. This shift is being driven by several ongoing factors, the most recent being the pandemic, which eliminated ma ....

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