NYTIMES (Gerry Smith) - A.I. Listings Are So Widespread Even Zillow Is Concerned
Listing sites are littered with homes with fake fireplaces, improved views and virtual landscaping, raising false advertising concerns.
REDSTATE (RedState) - The FTC Just Scored a Big Win Against Zillow and Redfin — and Renters Could Reap the Rewards
DAILYCALLER (Christine Sellers) - One Company Paid Off Another To Leave Market. Settlement With Gov’t Could Be Huge Win For Housing Prices
Redfin agreed to stay out of that specific business sector for up to 9 years
DAILYCALLER (Paris Apodaca) - EXCLUSIVE: This Little-Known Climate Report Card Casts A Dark Cloud Over Home Sales — And BlackRock Is Involved
‘American homeowners deserve to know’
A new climate-related metric advanced by a company linked to private equity firms is quietly subverting the U.S. housing market, a new report claims. Major online real estate platforms such as Zillow, Relator.com, Homes.com and Redfin all have featured predictive climate-risk scores, according to a July report from the American Energy Institute and Consumers’ Research first shared with the Daily Caller News Foundation. The scores, developed by private company First Street, can often directly contrast with the Federal Emergency Management Agency’s (FEMA) official flood maps and determinations. “For most American families, a home is their single largest financial asset and the primary vehicle for building generational wealth,”…Open
AXIOS (Sami Sparber) - Boomers have the space. Millennials have the kids
Empty nesters are sitting on America's family-size homes. Why it matters: The people who have the space aren't necessarily the ones who need it — and that's making a tight housing market even tighter. By the numbers: Compared to millennials with kids, boomer empty nesters own nearly twice the share of homes with three-plus bedrooms (28%). - Millennial parents own 16% and Gen Z parents own less than 1% of large homes, according to a Redfin analysis of the latest census data, from 2024. Zoom in: The highest shares of millennial families who own large homes are in Austin, Texas, Columbus, Ohio, and Minneapolis, at roughly 19%. - The lowest are in Los Angeles (11%), Miami (13%) and San Jose, California (13%). - And empty-nester boomers…
ABCNEWS - WATCH: What does a person have to make to afford the average price of a home?
New polling shows only a quarter of non-homeowners believe they’ll be able to buy a home in the next five years. Chen Zhao, head of economic research at Redfin, discusses more.
NEWSNATIONNOW (Max Rego) - Young adults struggle to break into housing market as Congress seeks solution
A survey released by real estate brokerage Redfin in January found that 38.3 percent of 28-year-olds owned their home last year, less than the 42.5 percent of Gen Xers and 44.4 percent of baby boomers who owned their home at that age.
NEWSNATIONNOW (Andrew Dorn) - A third of home sellers cut list prices in February, Redfin says
Nine of the 10 metros with the highest share of price cuts were in just two states: Texas and Florida
NEWSNATIONNOW (Andrew Dorn) - More than half of US home listings are 'stale,' Redfin says
Over half of February’s home listings were on the market for at least 60 days without going under contract, Redfin said.
NEWSNATIONNOW (Andrew Dorn) - Homeowners are staying put nearly twice as long as they used to
In Los Angeles, the typical homeowner hangs onto their house for 20 years, according to Redfin.