Tag: Redfin

Chicago-area home sales down 12.9% in August

Chicago-area home sales down 12.9% in August

The following arrived via a news release from Redfin: This past August, typically one of the hottest selling months of the year, the number of ...
Pilsen is once again the next hot neighborhood

Pilsen is once again the next hot neighborhood

The concept of a "willing suspension of disbelief" is credited to Samuel Taylor Coleridge from the year 1817. Wikipedia summarizes it thus: … i ...
1111 South Wabash is on the mend, agents say

1111 South Wabash is on the mend, agents say

The Gammonley Group was considered a pioneer when it began sales in 2001 for 1111 S Wabash, a 34-story, 247-unit condominium in the South Loop. A ...
Is the Chicago housing market becoming less competitive?

Is the Chicago housing market becoming less competitive?

Yesterdays' email included the following, from Redfin: According to Redfin’s latest Bidding War Report, Chicago saw a 2.8 percentage point decl ...
Redfin report reflects sharply increased demand for Chicago homes

Redfin report reflects sharply increased demand for Chicago homes

Redfin yesterday issued its Real-Time Demand Pulse, "the only report in the industry that analyzes tour and offer data." The report tracks data ac ...
Redfin names Chicago’s hottest neighborhoods

Redfin names Chicago’s hottest neighborhoods

Market conditions being what they've been, it's been years since "Chicago's hottest neighborhoods" was a phrase that didn't immediately elicit rid ...
Is this Chicago’s most iconic home?

Is this Chicago’s most iconic home?

Redfin recently announced the winners of its "Iconic Homes of America" contest. Redfin visitors nominated the homes listed for sale on the site that t ...
Zillow and Trulia lag brokerage sites in timeliness, accuracy, completeness

Zillow and Trulia lag brokerage sites in timeliness, accuracy, completeness

The WAV Group recently published a Redfin-sponsored study comparing listing search results at local brokerage websites in 11 major markets with se ...
A brief look at Redfin’s business model

A brief look at Redfin’s business model

At most real estate brokerage firms, agents are independent contractors who work solely on commission. Redfin agents are salaried employees who al ...
Redfin seeing many multiple offer transactions in Chicago area

Redfin seeing many multiple offer transactions in Chicago area

Redfin's Dario Medina and Mark Reitman stopped by my office the other day for an off-the-cuff discussion of Redfin's business model and some of th ...
Will you read Redfin’s notes?

Will you read Redfin’s notes?

Redfin revealed its latest upgrade this morning -- notes from Redfin agents appended to the listings they've toured. "With each new home toured, Redfi ...

Redfin rolls out first Chicago Insider Report

"There is no buyer urgency in this market. It’s all about the 'deal.' Buyers who don’t get their desired price move on to sellers who are more willing ...
Lumped together: Redfin adds home clusters to its listings map

Lumped together: Redfin adds home clusters to its listings map

OK, Redfin has my attention. In the old days (you know...yesterday), a home search that covered too broad a price range or home style or area would ...
Trust, but verify

Trust, but verify

While I'm on the subjects of 2650 North Lakeview and Redfin data, I might as well point out the following. You see this Google map at the bottom of ...
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