Donald Trump’s re-election seems to have had immediate consequences for housing in America. Demand from home-buyers requesting service through Redfin’s site, which was already stronger since the Federal Reserve’s September 18 rate cut, was about 25% higher this weekend than the same weekend last year, the largest year-on-year gain since the downturn began in 2022.
We can’t keep debating the consumer benefits of Clear Cooperation, the National Association of Realtors’ policy against pocket listings. The data is clear that sellers get higher prices by publicly marketing listings, and that buyers, especially buyers of color, want to see all the homes for sale. One Reason Clear Cooperation Is Under Attack: To
Today, the National Association of Realtors is considering proposals advanced by traditional brokers to undo the Clear Cooperation policy against pocket listings. This would hurt consumers. Listing Cooperation Creates an Open, Fair Market Buyers want to see all the homes for sale. Sellers want their listings to reach the most buyers. Studies show that sellers
Dear Redfin Customers, As many of you have already heard from your Redfin agent, by the end of this week, most local Multiple Listing Services (MLSs) are changing two rules: Listings can no longer use the MLS to offer buyers’ agents a commission Prior to serving customers, buyers’ agents must disclose our fee The rules
Every year, Redfin publishes a report on the diversity of our workforce. In 2023, diversity at Redfin fell, with people of color declining from 36% of our employees to 35%, compared to 42% of the U.S. population. Black employees declined from 9% of our employees to 7%, compared to 12% of the U.S. population. Latino
The National Association of Realtors today entered into a $418-million settlement agreement for a wide range of class-action lawsuits brought by home-sellers. Unlike the earlier settlements with large brokerages, NAR also agreed to what could be a major structural change: eliminating the field in listing databases for the agent listing a home to offer a
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