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Business Wire
a day ago
- Business
- Business Wire
Redfin Reports Some Would-Be Home Sellers Are Stepping Back as Market Tilts Toward Buyers
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings of U.S. homes for sale rose 6.3% year over year during the four weeks ending June 1, one of the smallest increases of the last three months. That's according to a new report from Redfin ( the technology-powered real estate brokerage. New listings declined year over year in 11 of the 50 most populous U.S. metros, with the biggest drops in San Jose, CA and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach. Zooming in on recent weeks, new listings fell during the second half of May. While it's typical for listings to decline after peaking in mid-May, this year's drop was the biggest for that time period in a decade. On the buying side, pending home sales declined 0.4% year over year to their lowest May level since 2020, and mortgage-purchase applications fell 3% week over week. Prospective buyers are backing off because housing costs are near record highs, with the median home-sale price up 1.2% year over year and the weekly average mortgage rate approaching 7%, and because the U.S. economy is unpredictable. While there are hundreds of thousands more home sellers than buyers in the market—and new listings are still rising—the recent decline in listings suggests some of this spring's would-be sellers are backing off. The typical home now sells for about 1% less than its asking price, the biggest discount for this time of year since 2020, and just about 28% of homes sell for above their asking price, down from 32% at this time last year. 'If a home is in a desirable neighborhood, especially if it's fixed up, it will sell fairly quickly,' said Ben Ambroch, a Redfin Premier agent in Milwaukee. 'But even that type of home now gets two or three offers, as opposed to the 10 offers it would have gotten a few years ago. Sellers of homes that need work in fringe neighborhoods should be able to find a buyer, but it's important they come to the table with realistic expectations on price and timing, and a willingness to negotiate. Price within a fair range based on the neighborhood, understand that buyers will be inspecting the home, and be prepared to give concessions.' For Redfin economists' takes on the housing market, please visit Redfin's ' From Our Economists ' page. Key housing-market data U.S. highlights: Four weeks ending June 1, 2025 Redfin's national metrics include data from 400+ U.S. metro areas, and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision. Four weeks ending June 1, 2025 Year-over-year change Notes Median sale price $393,750 1.2% Median asking price $425,975 4.9% Median monthly mortgage payment $2,863 at a 6.89% mortgage rate 4% $20 shy of record high Pending sales 88,141 -0.4% New listings 104,380 6.3% Active listings 1,132,818 14.4% Smallest increase in over a year Months of supply 4 +0.7 pts. 4 to 5 months of supply is considered balanced, with a lower number indicating seller's market conditions Share of homes off market in two weeks 38.7% Down from 42% Median days on market 36 +4 days Share of homes sold above list price 28.4% Down from 32% Average sale-to-list price ratio 99.1% Down from 99.5% Expand To view the full report, including charts, please visit: About Redfin Redfin ( is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people. Redfin's subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®. For more information or to contact a local Redfin real estate agent, visit To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@ To view Redfin's press center, click here.
Yahoo
a day ago
- Business
- Yahoo
Redfin Reports Some Would-Be Home Sellers Are Stepping Back as Market Tilts Toward Buyers
Many prospective homebuyers are sidelined by near-record costs and economic uncertainty, creating a buyer's market in many parts of the country. That's deterring some would-be sellers. SEATTLE, June 05, 2025--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings of U.S. homes for sale rose 6.3% year over year during the four weeks ending June 1, one of the smallest increases of the last three months. That's according to a new report from Redfin ( the technology-powered real estate brokerage. New listings declined year over year in 11 of the 50 most populous U.S. metros, with the biggest drops in San Jose, CA and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach. Zooming in on recent weeks, new listings fell during the second half of May. While it's typical for listings to decline after peaking in mid-May, this year's drop was the biggest for that time period in a decade. On the buying side, pending home sales declined 0.4% year over year to their lowest May level since 2020, and mortgage-purchase applications fell 3% week over week. Prospective buyers are backing off because housing costs are near record highs, with the median home-sale price up 1.2% year over year and the weekly average mortgage rate approaching 7%, and because the U.S. economy is unpredictable. While there are hundreds of thousands more home sellers than buyers in the market—and new listings are still rising—the recent decline in listings suggests some of this spring's would-be sellers are backing off. The typical home now sells for about 1% less than its asking price, the biggest discount for this time of year since 2020, and just about 28% of homes sell for above their asking price, down from 32% at this time last year. "If a home is in a desirable neighborhood, especially if it's fixed up, it will sell fairly quickly," said Ben Ambroch, a Redfin Premier agent in Milwaukee. "But even that type of home now gets two or three offers, as opposed to the 10 offers it would have gotten a few years ago. Sellers of homes that need work in fringe neighborhoods should be able to find a buyer, but it's important they come to the table with realistic expectations on price and timing, and a willingness to negotiate. Price within a fair range based on the neighborhood, understand that buyers will be inspecting the home, and be prepared to give concessions." For Redfin economists' takes on the housing market, please visit Redfin's "From Our Economists" page. Leading indicators Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 6.87% (June 4) Down from 6.97% one week earlier Down from 7.17% Mortgage News Daily Weekly average 30-year fixed mortgage rate 6.89% (week ending May 29) Highest level since Feb. Down from 7.03% Freddie Mac Mortgage-purchase applications (seasonally adjusted) Down 4% from a week earlier (as of week ending May 30) Up 18% Mortgage Bankers Association Redfin Homebuyer Demand Index Down 3% from a month earlier (as of week ending June 1) Up 1% A measure of tours and other homebuying services from Redfin agents Google searches for "home for sale" Up 20% from a month earlier (as of June 1) Up 20% Google Trends ShowingTime stats have been excluded this week to ensure data accuracy. Key housing-market data U.S. highlights: Four weeks ending June 1, 2025 Redfin's national metrics include data from 400+ U.S. metro areas, and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision. Four weeks ending June 1, 2025 Year-over-year change Notes Median sale price $393,750 1.2% Median asking price $425,975 4.9% Median monthly mortgage payment $2,863 at a 6.89% mortgage rate 4% $20 shy of record high Pending sales 88,141 -0.4% New listings 104,380 6.3% Active listings 1,132,818 14.4% Smallest increase in over a year Months of supply 4 +0.7 pts. 4 to 5 months of supply is considered balanced, with a lower number indicating seller's market conditions Share of homes off market in two weeks 38.7% Down from 42% Median days on market 36 +4 days Share of homes sold above list price 28.4% Down from 32% Average sale-to-list price ratio 99.1% Down from 99.5% Metro-level highlights: Four weeks ending June 1, 2025 Redfin's metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. Metros with biggest year-over-year increases Metros with biggest year-over-year decreases Notes Median sale price Philadelphia (11.4%) Detroit (10.6%) Pittsburgh (7.4%) Miami (7.1%) New Brunswick, NJ (6.9%) Oakland, CA (-8.5%) Dallas (-4.5%) Jacksonville, FL (-3.6%) Houston (-2.4%) Austin, TX (-1.6%) Declined in 9 metros Pending sales Cincinnati (10.9%) Chicago (6.5%) Boston (5.7%) Montgomery County, PA (4.7%) Indianapolis (4.2%) Miami (-19.6%) San Jose, CA (-16.2%) Fort Lauderdale, FL (-15.9%) Las Vegas (-15.4%) San Diego (-12.2%) New listings Houston (13.9%) Washington, D.C. (13.5%) Montgomery County, PA (13.2%) Seattle (12%) Cincinnati (11.4%) San Jose, CA (-9%) Orlando, FL (-8.3%) Fort Lauderdale, FL (-6.8%) Tampa, FL (-6.8%) West Palm Beach, FL (-5.5%) Declined in 11 metros To view the full report, including charts, please visit: About Redfin Redfin ( is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people. Redfin's subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®. For more information or to contact a local Redfin real estate agent, visit To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@ To view Redfin's press center, click here. View source version on Contacts Contact RedfinRedfin Journalist Services:Tana Kelleypress@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Redfin Reports Asking Rents Are Falling in 28 Major U.S. Metros—the Most Since 2023
The median U.S. asking rent dropped 1% year over year to $1,633 in May as elevated apartment supply gave renters room to negotiate SEATTLE, June 04, 2025--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. asking rent fell 1% year over year in May to $1,633, which is $72 below the August 2022 record high, according to a new report from Redfin ( the technology-powered real estate brokerage. On a month-over-month basis, the median U.S. asking rent rose 0.5% in May—typical for this time of year. Overall, 28 of the 44 major U.S. core-based statistical areas (CBSAs) Redfin analyzed saw asking rents decline last month—the highest number since September 2023. "Apartment construction in America has been hovering near a 50-year high, and even though renter demand is strong, it's not keeping pace with supply," said Redfin Senior Economist Sheharyar Bokhari. "Many units are sitting vacant for months, which means renters have power to negotiate concessions and landlords have less leeway to keep rents high." Multifamily construction surged in the wake of the pandemic moving frenzy, and while it has started to taper off, it's still at historically high levels. As it continues to slow, asking rents may rebound. The rental vacancy rate for buildings with five or more units was 8.2% in the first quarter—the most recent period for which data is available. That's tied with the prior quarter for the highest level since early 2021. Less than half of newly built apartments are getting rented out within three months—one of the lowest shares on record. While asking rents are falling, they're much less volatile than they were during the pandemic. May marked the 15th-straight month in which asking rents barely decreased or increased, with a year-over-year change of roughly 1% or less during each of those months. Those changes pale in comparison to the wild swings during the pandemic era, when asking rents jumped as much as 17.7% and fell as much as 4.1%. Austin Asking Rents Drop to Four-Year Low as Building Spree Continues In Austin, TX, the median asking rent dropped 8.8% year over year to $1,385 in May—the lowest level since February 2021 and $414 below the August 2023 record high. That's the largest decline in percentage terms among the 44 major CBSAs Redfin analyzed. Next came Minneapolis (-6.3%), Columbus, OH (-3.5%), Nashville (-3.4%) and Portland, OR (-3.4%). Austin granted permits to build 64.5 multifamily units for every 10,000 people from April 2024 to March 2025—a higher number than any other metro Redfin analyzed in a separate report. Columbus and Nashville also ranked in the top 10 when it came to multifamily permitting. Columbus's 3.5% asking-rent decline marked the largest drop for that metro in records dating back to 2019. With rents falling and homebuying costs rising in many U.S. cities, a lot of Americans are opting to keep renting. "I'm not seeing many first-time homebuyers right now," said Nicole Stewart, a Redfin Premier real estate agent in Boise, ID. "Rental rates here are still more manageable than saving up for a down payment and mortgage. People are finding rentals that are nicer than the house they could afford at the same monthly cost. That's in part because a lot of home sellers are overpricing their properties as they struggle to adjust to the changing housing market." The typical U.S. homebuyer needs to earn over $50,000 more than the typical renter to afford monthly housing payments, and the gap has been widening due to high home prices and mortgages rates. Asking Rents Hit Record High in Four U.S. Metros In Cincinnati, the median asking rent rose 7.4% year over year to a record $1,460 in May—the largest increase among the 44 CBSAs Redfin analyzed. The second largest gain was in Tampa, FL (4.2%), followed by St. Louis (4%), Pittsburgh (3.5%) and Birmingham, AL (2.4%). Aside from Cincinnati, three metros saw rents hit a record high in May: Chicago (up 1.9% Y/Y to $1,781), Memphis (1.9% to $1,274) and Washington, D.C. (2.4% to $2,104). All metros in this section aside from Tampa and Washington D.C. are permitting less multifamily construction than the national average, which may be buoying rents. Asking Rents Are Falling Fastest for Two Bedroom Apartments The median asking rent for 0-1 bedroom apartments fell 0.7% year over year to $1,492. For 2 bedroom apartments, it decreased 1.8% to $1,704—the largest decline since February 2024. And for 3+ bedroom apartments, it fell 0.2% to $2,009—the smallest decline in about a year. To view the full report, including charts as well as additional metro level data and methodology, please visit: About Redfin Redfin ( is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people. Redfin's subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®. For more information or to contact a local Redfin real estate agent, visit To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@ To view Redfin's press center, click here. View source version on Contacts Contact RedfinRedfin Journalist Services:Angela Cherrypress@ Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Redfin Reports High Housing Costs Are Keeping Homebuyers at Bay—But Price Relief Is in Sight
Redfin economists expect home prices to decline by the end of the year, and a surplus of listings is motivating sellers to negotiate SEATTLE, May 29, 2025--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median monthly mortgage payment nationwide was $2,860 during the four weeks ending May 25, up 3.6% year over year and just $25 shy of the all-time high. That's according to a new report from Redfin ( the technology-powered real estate brokerage. Housing payments are high for two reasons: The weekly average mortgage rate is 6.86%, the highest level in three months, and the median U.S. home-sale price is up 1.9% year over year. High costs, along with widespread economic uncertainty, are keeping would-be homebuyers at bay. Pending home sales are down 1.7% from a year ago, and Redfin's Homebuyer Demand Index—a measure of tours and other buying services from Redfin agents—is essentially flat from a month ago. Of the homes that are going under contract, roughly 14% of those deals are canceled, the highest share for this time of year since the housing market nearly ground to a halt at the start of the pandemic. But the tide is starting to turn for homebuyers. Home-sale prices are already falling in 11 of the 50 most populous U.S. metro areas—the biggest declines are in Oakland, CA, Dallas, and Jacksonville, FL. Redfin economists expect the median U.S. sale price to fall by the end of 2025. Combined with the fact that wages are forecast to continue rising, that means homebuying affordability should improve in the second half of the year. Additionally, buyers have more options and more negotiating power. New listings are up 3.9% year over year, and the total number of homes for sale is up 11.9%. Because there are more sellers than buyers in the market, buyers in many parts of the country are able to successfully negotiate prices down and get concessions. "Sellers are realizing we're in a new market, which is making them flexible," said Venus Martinez, a Redfin Premier agent in Los Angeles. "A lot of sellers, especially those who may have bought at the top of the market and need to sell, are willing to accept less money for their homes, give concessions to buyers, and even negotiate commissions. Buyers are more likely to be able to negotiate if a home has been on the market for more than a few weeks, or if it has fallen out of contract." For Redfin economists' takes on the housing market, please visit Redfin's "From Our Economists" page. Leading indicators Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 6.98% (May 28) Essentially unchanged from 6.99% one week earlier Down from 7.16% Mortgage News Daily Weekly average 30-year fixed mortgage rate 6.86% (week ending May 22) Up from 6.76% two weeks earlier Down from 6.94% Freddie Mac Mortgage-purchase applications (seasonally adjusted) Up 3% from a week earlier (as of week ending May 23) Up 18% Mortgage Bankers Association Redfin Homebuyer Demand Index Up 0.7% from a month earlier (as of week ending May 25) Up 7% A measure of tours and other homebuying services from Redfin agents Touring activity Up 23% from the start of the year (as of May 27) At this time last year, it was up 17% from the start of 2024 ShowingTime, a home touring technology company Google searches for "home for sale" Up 8% from a month earlier (as of May 27) Unchanged Google Trends Key housing-market data U.S. highlights: Four weeks ending May 25, 2025 Redfin's national metrics include data from 400+ U.S. metro areas, and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision. Four weeks ending May 25, 2025 Year-over-year change Notes Median sale price $394,375 1.9% Median asking price $426,504 5.1% Median monthly mortgage payment $2,860 at a 6.86% mortgage rate 3.6% $25 shy of record high Pending sales 88,914 -1.7% New listings 103,998 3.9% Active listings 1,086,439 11.9% Smallest increase in over a year Months of supply 4 +0.7 pts. 4 to 5 months of supply is considered balanced, with a lower number indicating seller's market conditions Share of homes off market in two weeks 39.9% Down from 43% Median days on market 36 +4 days Share of homes sold above list price 28.3% Down from 31% Average sale-to-list price ratio 99.1% Down from 99.4% Metro-level highlights: Four weeks ending May 25, 2025 Redfin's metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. Metros with biggestyear-over-year increases Metros with biggest year-over-year decreases Notes Median sale price Philadelphia (15%) Detroit (11.3%) Pittsburgh (10.1%) Miami (8.1%) New Brunswick, NJ (7.8%) Oakland, CA (-4.9%) Dallas (-4.5%) Jacksonville, FL (-3%) Austin, TX (-2.5%) Seattle (-1.4%) Tampa, FL (-1.3%) Denver (-0.9%) Atlanta (-0.8%) Houston (-0.8%) Indianapolis (-0.3%) Anaheim, CA (-0.1%) Declined in 11 metros Pending sales Cincinnati (6.9%) Indianapolis (5.2%) Montgomery County, PA (4.4%) Chicago (4.2%) Austin, TX (3.8%) Miami (-21.5%) Fort Lauderdale, FL (-16.5%) Las Vegas (-13.2%) San Jose, CA (-12.5%) Los Angeles (-12%) New listings Seattle (15.6%) Houston (14.9%) Washington, D.C. (13.7%) Boston (11.7%) Nashville, TN (10.2%) Orlando, FL (-12.8%) Tampa, FL (-10%) Los Angeles (-9.4%) Fort Lauderdale, FL (-9.2%) San Antonio (-7.1%) To view the full report, including charts, please visit: About Redfin Redfin ( is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people. Redfin's subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®. For more information or to contact a local Redfin real estate agent, visit To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@ To view Redfin's press center, click here. View source version on Contacts Contact RedfinRedfin Journalist Services:Tana Kelleypress@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-05-2025
- Business
- Business Wire
Redfin Reports High Housing Costs Are Keeping Homebuyers at Bay—But Price Relief Is in Sight
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median monthly mortgage payment nationwide was $2,860 during the four weeks ending May 25, up 3.6% year over year and just $25 shy of the all-time high. That's according to a new report from Redfin ( the technology-powered real estate brokerage. Housing payments are high for two reasons: The weekly average mortgage rate is 6.86%, the highest level in three months, and the median U.S. home-sale price is up 1.9% year over year. High costs, along with widespread economic uncertainty, are keeping would-be homebuyers at bay. Pending home sales are down 1.7% from a year ago, and Redfin's Homebuyer Demand Index—a measure of tours and other buying services from Redfin agents—is essentially flat from a month ago. Of the homes that are going under contract, roughly 14% of those deals are canceled, the highest share for this time of year since the housing market nearly ground to a halt at the start of the pandemic. But the tide is starting to turn for homebuyers. Home-sale prices are already falling in 11 of the 50 most populous U.S. metro areas—the biggest declines are in Oakland, CA, Dallas, and Jacksonville, FL. Redfin economists expect the median U.S. sale price to fall by the end of 2025. Combined with the fact that wages are forecast to continue rising, that means homebuying affordability should improve in the second half of the year. Additionally, buyers have more options and more negotiating power. New listings are up 3.9% year over year, and the total number of homes for sale is up 11.9%. Because there are more sellers than buyers in the market, buyers in many parts of the country are able to successfully negotiate prices down and get concessions. 'Sellers are realizing we're in a new market, which is making them flexible,' said Venus Martinez, a Redfin Premier agent in Los Angeles. 'A lot of sellers, especially those who may have bought at the top of the market and need to sell, are willing to accept less money for their homes, give concessions to buyers, and even negotiate commissions. Buyers are more likely to be able to negotiate if a home has been on the market for more than a few weeks, or if it has fallen out of contract.' For Redfin economists' takes on the housing market, please visit Redfin's ' From Our Economists ' page. Leading indicators Key housing-market data U.S. highlights: Four weeks ending May 25, 2025 Redfin's national metrics include data from 400+ U.S. metro areas, and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision. Four weeks ending May 25, 2025 Year-over-year change Notes Median sale price $394,375 1.9% Median asking price $426,504 5.1% Median monthly mortgage payment $2,860 at a 6.86% mortgage rate 3.6% $25 shy of record high Pending sales 88,914 -1.7% New listings 103,998 3.9% Active listings 1,086,439 11.9% Smallest increase in over a year Months of supply 4 +0.7 pts. 4 to 5 months of supply is considered balanced, with a lower number indicating seller's market conditions Share of homes off market in two weeks 39.9% Down from 43% Median days on market 36 +4 days Share of homes sold above list price 28.3% Down from 31% Average sale-to-list price ratio 99.1% Down from 99.4% Expand To view the full report, including charts, please visit: About Redfin Redfin ( is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people. Redfin's subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®. For more information or to contact a local Redfin real estate agent, visit To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@ To view Redfin's press center, click here.
