The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, essentially unchanged from the third quarter, when new commission rules went into effect, according to Redfin, Seattle.
Tag: Redfin

Redfin: Amount Renters Need to Earn Drops
Redfin, Seattle, found that renters need to earn $63,680 to afford the $1,592 median asking rent for a U.S. apartment, the lowest amount needed since March 2022.

Redfin: 34% of Homeowners Say They’ll Never Sell
Redfin, Seattle, conducted a recent survey, finding that 34% of U.S. homeowners say they’d never sell their home and another 27% say they won’t sell for at least 10 years.

Redfin Reports Asking Rents Ended 2024 at Lowest Level in Nearly Three Years
The median U.S. apartment asking rent fell 0.3% year over year in December to $1,594—the lowest level since March 2022—according to Redfin, Seattle.

Redfin: Housing Affordability Improved a Bit in 2024
Redfin, Seattle, released an analysis of 2024 affordability trends, finding that there was a slight improvement in housing affordability, although it was still the second-least-affordable year on record.

Redfin Finds Renters Staying in Homes Longer
Redfin, Seattle, found that over a third–33.6%–of renters have lived in the same home for at least five years.

Asking Rents Fall; Renters Can Afford Larger Spaces, Redfin Finds
Redfin, Seattle, released two analyses of the current rental market, including the finding that the median asking rent fell 0.7% year-over-year in November to $1,595.

Redfin: 2025 Likely to See More Sales
Redfin, Seattle, released predictions from its economists for next year, anticipating there will be more sales due to pent-up demand, but some Americans hoping to buy will still be priced out.

Redfin: Investor Purchases Plateau
Investor home purchases are now around pre-pandemic levels, reported Redfin, Seattle.

Redfin Finds Existing Home Sales Post Biggest Increase in Nearly Three Years
Existing home sales rose 1.6% month over month in October–the biggest gain since January 2022–to a seasonally adjusted annual rate of 4.17 million, according to Redfin, Seattle.