Tag Archives: Redfin

Redfin, a Seattle-based real estate broker driven by technology, is finding some of the nation's top emerging markets in what the broker says are unlikely places. Redfin studied 48 emerging neighborhoods located within 16 major metro areas across the country to determine which neighborhoods showed the most promise in terms of price growth this year. Seven of the top 10 neighborhoods are located in California. The top neighborhood is Highland Park, located in Los Angeles.

Redfin's Price Tracker, a monthly report on prices, sales, and inventory across 19 U.S. markets, is based on local multiple listing services. According to the data for December, all three of the indicators tracked took a plunge during the holidays. According to Redfin, listings were down 11.5 percent from November and 33 percent from December 2011. The lack of selection proved to have a hindering effect on sales, which declined 4.1 percent from November to reach the lowest level in 10 months, Redfin reports.

Redfin announced that as of mid-November, it has saved customers more than $100 million in real estate fees and reached more than $8 billion in home sales. According to Redfin, customers have saved more than $25 million on fees in 2012 alone. The company also boasts a satisfaction rate of 97 percent.