The real
estate site Redfin published a widely read blog post that said the number of teachers in San Francisco who could afford a house was exactly zero.
Homes in the Silicon Valley city typically sell for 110 % of the list price, and buyers put down 20 % of the sale price for the down payment on average, according to the real -
estate site Redfin.
Not exact matches
It was a great day for
Redfin, the Seattle - based real
estate site that finally went public after 13 years as a startup.
Also - why on god's green earth are real
estate commissions still at 5 or 6 percent Given
redfin and these other great real
estate web
sites?
Four
sites alone—realtor.com ®, Zillow, Trulia, and
Redfin — attract more than 61 million visitors to real
estate websites each month in the United States.
Don't ignore the major real
estate listing services either and public search
sites like Zillow and
Redfin.
Redfin and ZipRealty — the only websites operated by brokerages on the Hitwise top 20 — have both lost considerable ground since April, when ZipRealty.com was ranked 10th on the Hitwise list of most visited real
estate sites, and
Redfin was 11th.
It's a story that has already played out in the United States, as that country's MLS offering has lost ground to online
sites such as Yahoo Real
Estate,
Redfin and Zillow that take MLS listings and then beef them up with data on crime rates, school zones and video tours.
That compares with a 9.98 percent combined market share for the next 10 most popular
sites on the Hitwise list: MyNewPlace (1.21 percent), HomeAway (1.1 percent), ZipRealty (1.09 percent), LoopNet (1.01 percent), Re / Max Real
Estate (1.01 percent), Rentals.com (1.01 percent), ForRent.com (0.96 percent),
Redfin (0.89 percent), HAR.com (0.88 percent) and HomeFinder (0.82 percent).
It looks like a typical home search
site, like Zillow or Realtor.com, but
Redfin isn't really just a home search
site; it's a real
estate brokerage.
Apps:
Redfin ranked No. 5 overall among home search
sites but earned «best - of - breed broker app» in a review by Clareity Consulting, an information and IT consultancy serving the real
estate industry.
The technical term for these tools is automated valuation model, or AVM, and they're typically offered by lenders or real
estate sites like Zillow and
Redfin.
Every few months,
Redfin surveys the folks using our
site to try to understand how real
estate consumers move between online and offline worlds, so we can blend the two together better.