“Mortgage rates are dropping due to easing inflation and investors betting the Fed will cut interest rates sooner than expected," said Redfin Economics Research Lead Chen Zhao. “Declining rates, along with a sizable year-over-year increase in new listings, are leading to more favorable conditions for some buyers."
Read More »Mortgage Rate Gains Putting Pressure on Pending-Sale Agreements
Redfin reports that nearly 60,000 home-purchase agreements fell apart in June, as mortgage rates steadily climbed toward the 6%-mark, thus compounding affordability issues.
Read More »Kuba Poraj-Kuczewski Named Chief Marketing Officer for New Western
Former Redfin exec joins provider of distressed residential investment properties to spearhead the firm’s marketing efforts.
Read More »New Western Adds Google/eBay Vet as CFO
With more than 25 years of experience, Dipak Joshi joins distressed residential investment properties provider to govern financial matters and expansion goals.
Read More »Online Searches Show Shifting Priorities
Buying a home is typically the largest purchase one makes in their lifetime and with that comes a lot of research. When beginning house shopping, most people tend to start at the same place they go to get all of their questions answered: the internet. Instead of pulling ...
Read More »Google Pledges $1 Billion to Fund Affordable Housing.
Silicon Valley is one of the most expensive areas of the country. Here's how Google plans to address this problem.
Read More »Analysts Predict Uptick in Home Sales Using New Technology
Based on data collected for this month, Auction.com predicts existing-home sales will fall between seasonally adjusted annual averages of 4.97 and 5.38 million units, with a targeted prediction of 5.19 million. October's sales rate comes just above September's rate of 5.10 million (as predicted by Auction.com).
Read More »Google Retiring Real Estate Search on Google Maps
Google has announced that it will be retiring the ability to find properties for sale or rent on Google Maps. The feature is available in the United States, as well as in Australia, New Zealand, the United Kingdom, and Japan and will be discontinued on February 10, because of what the company describes as ""low usage.""
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