September 2010 Round-Up

Howdy Redfinnians!

Here's our September round-up of real estate news...New data showed prices from last July increased .6% but that's probably the year's last increase; August sales volume recovered 7.6% from the mid-summer debacle but was still way, way low. Interest rates dropped again, to 4.37%, and could drop even further.

Photo courtesy of Patrick Doheny.

Because there are so few transactions, the numbers don't mean much. Today's market is like a sloop in fluky winds, where any puff of breeze swings boom and crew from one side to the other without really moving the boat. Foreclosure clouds are gathering again on the horizon, but we think we'll avoid a second storm. The real estate market will likely swing with the tides of the larger economy.

Meanwhile, Redfin's marketshare is spiking and our business is set to double again this year; we're planning to launch several new markets as well as a few nifty website features later this month. To get the details of our market analysis or to see the fur fly over our predictions, just visit our blog. And thanks as always for your support.

Best, Glenn
Glenn Kelman | CEO, Redfin
Blog | Twitter

Forums | Blogs | Facebook | Twitter | Unsubscribe

© 2010 Redfin. All rights reserved. Terms of use and disclaimers.