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BUSINESS
January 15, 2014 | By Walter Hamilton
Move over Silver Lake and Los Feliz. Eagle Rock has the buzz this year, according to a new report. Eagle Rock was named the second “hottest” neighborhood in the United States by real estate brokerage firm Redfin. The list measures “the greatest growth in popularity over the last four months” based on page views and Realtor comments, according to Redfin. PHOTOS: Richest and poorest cities in America This list is composed of lesser-known neighborhoods with easy commutes to nearby cities.
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BUSINESS
April 5, 2014 | Tim Logan
The real estate market has long worked on a simple system: If you want to buy a new house, sell the old one and use the equity for a down payment. But the last few years of low ownership costs and rising rents have some move-up buyers trying a new approach: Buy the new house. Keep the old one. And rent it out. Real estate firm Redfin recently asked 1,900 prospective home buyers nationwide what they planned to do with their old house when they bought a new one. As you'd expect, the majority said they would sell.
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BUSINESS
August 10, 2008 | Peter Y. Hong
The folks at online brokerage Redfin looked at more than 2,900 house sales in Los Angeles County from April through June and identified traits of homes that sold at the largest discount from the final asking price. Prices came down most when homes were: 1) listed for more than 90 days 2) fixer-uppers 3) owned by the sellers for 20 years or more 4) owned for less than five years. Redfin also found that sellers who have already cut their list prices often agree to more reductions to get a sale.
BUSINESS
January 15, 2014 | By Walter Hamilton
Move over Silver Lake and Los Feliz. Eagle Rock has the buzz this year, according to a new report. Eagle Rock was named the second “hottest” neighborhood in the United States by real estate brokerage firm Redfin. The list measures “the greatest growth in popularity over the last four months” based on page views and Realtor comments, according to Redfin. PHOTOS: Richest and poorest cities in America This list is composed of lesser-known neighborhoods with easy commutes to nearby cities.
BUSINESS
November 5, 2012 | By Alejandro Lazo
When will sellers return? That's a burning question in residential real estate circles these days as inventory has fallen and the market has grown increasingly competitive. Having more people put their homes up for sale could help relieve some pressure, but most current homeowners appear to believe that time is on their side, recent surveys show. Quiz: Test your knowledge of business news The online real estate broker Redfin on Monday released a quarterly study of its homeowners.
BUSINESS
April 5, 2014 | Tim Logan
The real estate market has long worked on a simple system: If you want to buy a new house, sell the old one and use the equity for a down payment. But the last few years of low ownership costs and rising rents have some move-up buyers trying a new approach: Buy the new house. Keep the old one. And rent it out. Real estate firm Redfin recently asked 1,900 prospective home buyers nationwide what they planned to do with their old house when they bought a new one. As you'd expect, the majority said they would sell.
BUSINESS
August 7, 2013 | By Alejandro Lazo and Andrew Khouri
President Obama paused on his trip through Los Angeles on Wednesday to sit for wide-ranging questions on housing and mortgage finance policy. But the live-streamed discussion was less notable for the content - the president broke little news, and fielded no hardball questions - than for the medium: the real estate listings website Zillow, known more for estimating home values than political coverage. The exchange, which had the feel of a digital town hall meeting, highlighted both the rapidly shifting digital media landscape and the rising prominence of specialized websites such as Zillow, which is based in Seattle but has operations in Irvine and San Francisco.
BUSINESS
April 1, 2012 | By Kenneth R. Harney
WASHINGTON — What's behind the unusually high rate of contract cancellations and settlement delays in the real estate market? With signs of recovery emerging in many parts of the country, shouldn't deals be zipping along with minimal complications? Apparently not. Nearly one-third of realty agents in a new national survey reported experiencing contract cancellations — purchases crumbling before closing — in February. That's up dramatically from a similar poll 12 months earlier, when just 9% of agents reported cancellations.
BUSINESS
February 11, 2009 | Peter Y. Hong
The online real estate brokerage Redfin says it plans to start posting consumer reviews of real estate agents on its website. The firm has persuaded 35 agents -- 18 of them in California -- to participate. The company pulled Multiple Listing Service records since December 2007 for the agents and surveyed the agents' clients by e-mail. The agents will not be able to edit or reject reviews but will be able to post replies. Although agents risk being panned by their clients, they also hope the publicity will lead to referrals.
BUSINESS
December 4, 2011 | By Alejandro Lazo, Los Angeles Times
The gig: Before becoming online real estate brokerage Redfin's chief executive, Glenn Kelman was a Silicon Valley entrepreneur with little experience in real estate. He co-founded Plumtree Software, backed by the venture capital firm Sequoia Capital, and before that worked at another start-up, Stanford Technology Group. At Redfin, a Seattle company that has helped move shopping for homes online, Kelman, 40, has at times knocked heads with the real estate world. Realtor resistance: "I was unprepared for the Redfin job," Kelman said.
BUSINESS
August 7, 2013 | By Alejandro Lazo and Andrew Khouri
President Obama paused on his trip through Los Angeles on Wednesday to sit for wide-ranging questions on housing and mortgage finance policy. But the live-streamed discussion was less notable for the content - the president broke little news, and fielded no hardball questions - than for the medium: the real estate listings website Zillow, known more for estimating home values than political coverage. The exchange, which had the feel of a digital town hall meeting, highlighted both the rapidly shifting digital media landscape and the rising prominence of specialized websites such as Zillow, which is based in Seattle but has operations in Irvine and San Francisco.
BUSINESS
November 5, 2012 | By Alejandro Lazo
When will sellers return? That's a burning question in residential real estate circles these days as inventory has fallen and the market has grown increasingly competitive. Having more people put their homes up for sale could help relieve some pressure, but most current homeowners appear to believe that time is on their side, recent surveys show. Quiz: Test your knowledge of business news The online real estate broker Redfin on Monday released a quarterly study of its homeowners.
BUSINESS
April 1, 2012 | By Kenneth R. Harney
WASHINGTON — What's behind the unusually high rate of contract cancellations and settlement delays in the real estate market? With signs of recovery emerging in many parts of the country, shouldn't deals be zipping along with minimal complications? Apparently not. Nearly one-third of realty agents in a new national survey reported experiencing contract cancellations — purchases crumbling before closing — in February. That's up dramatically from a similar poll 12 months earlier, when just 9% of agents reported cancellations.
BUSINESS
December 4, 2011 | By Alejandro Lazo, Los Angeles Times
The gig: Before becoming online real estate brokerage Redfin's chief executive, Glenn Kelman was a Silicon Valley entrepreneur with little experience in real estate. He co-founded Plumtree Software, backed by the venture capital firm Sequoia Capital, and before that worked at another start-up, Stanford Technology Group. At Redfin, a Seattle company that has helped move shopping for homes online, Kelman, 40, has at times knocked heads with the real estate world. Realtor resistance: "I was unprepared for the Redfin job," Kelman said.
BUSINESS
February 11, 2009 | Peter Y. Hong
The online real estate brokerage Redfin says it plans to start posting consumer reviews of real estate agents on its website. The firm has persuaded 35 agents -- 18 of them in California -- to participate. The company pulled Multiple Listing Service records since December 2007 for the agents and surveyed the agents' clients by e-mail. The agents will not be able to edit or reject reviews but will be able to post replies. Although agents risk being panned by their clients, they also hope the publicity will lead to referrals.
BUSINESS
August 10, 2008 | Peter Y. Hong
The folks at online brokerage Redfin looked at more than 2,900 house sales in Los Angeles County from April through June and identified traits of homes that sold at the largest discount from the final asking price. Prices came down most when homes were: 1) listed for more than 90 days 2) fixer-uppers 3) owned by the sellers for 20 years or more 4) owned for less than five years. Redfin also found that sellers who have already cut their list prices often agree to more reductions to get a sale.
BUSINESS
April 12, 2013 | By Alejandro Lazo
Home prices are rising faster than incomes in Los Angeles, making it more prone to a new housing bubble than many other major cities, a real estate report indicates.  Rising home prices and strong demand are making the market feel particularly bubbly in Washington, L.A., San Diego and San Francisco, according to the report by online real estate broker Redfin.com. All of these markets have seen home prices climb significantly compared with income in an atmosphere of low inventory, bidding wars and rapid-fire sales.
REAL ESTATE
June 3, 2007 | Gayle Pollard-Terry, Times Staff Writer
If money's no object, check this out at Redfin.com: the Five Most Expensive Homes on the Market. Topping the category and listed at $125 million is a 12-bedroom, 15-bathroom estate with a guesthouse on just over 5 acres in Bel-Air. If money dictates all, take a look at the Five Least Expensive Houses on the Market. The lowest-priced listing, at $107,500, is a refurbished, two-bedroom, two-bathroom mobile home in a desert community for those age 55 and older.
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