Redfin’s 2021 Housing Market Predictions: 14.5 Million Americans Will Move Out of Town, Fueling 10% Sales Growth

SEATTLE, Dec. 15, 2020 /PRNewswire/ — (NASDAQ: RDFN[1]) — The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession, according to predictions in a new report[2] from Redfin (redfin.com[3]), the technology-powered real estate brokerage. The report was written by Redfin Chief Economist Daryl Fairweather. Prediction #1: Mortgage rates will remain historically low at 3%...

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The Housing Market is Hotter in Counties With Fewer Coronavirus Cases Per Capita

SEATTLE, Dec. 10, 2020 /PRNewswire/ — (NASDAQ: RDFN[1]) — Pending home sales rose 54.1% year over year in U.S. counties with low concentrations of Covid-19 cases during the four-week period ending Dec. 1—outpacing the 45.1% growth in counties with high concentrations of Covid-19 cases—according to a new report[2] from Redfin (redfin.com[3]), the technology-powered real estate brokerage. This is based on an...

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CoStar Group Agrees to Acquire Homesnap, a Digital Residential Real Estate Solutions Provider Used by 300,000 Agents Responsible for More Than Half of All US Residential Real Estate Sales

WASHINGTON–(BUSINESS WIRE[1])–CoStar Group, Inc. (NASDAQ: CSGP[2]), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached an agreement to acquire Homesnap, Inc. for $250 million in cash. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship....

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Open Houses in Ontario COVID-19 Hotspots Officially Prohibited

Open houses in Ontario COVID-19 hotspots are officially suspended temporarily due to the increasing daily coronavirus cases. This marks the second time during the coronavirus pandemic that Ontario realtors have lost their ability to host in-person open houses. As part of the province’s implemented modified Stage 2[1], realtors in Toronto, Peel, Ottawa, and York Region are now prohibited from hosting...

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