RDFN Redfin Corp

This article reports that Redfin observed the largest year-over-year decline in U.S. home prices in March in 11 years.

Homeowners insurance has become a significant obstacle in closing real estate deals across the country, influencing property sales more profoundly than before. This challenge, identified by Redfin, is expected to intensify, making home sales more difficult for real estate agents. The issue is affecting homebuying decisions and contributing to a shifting real estate market landscape.

Redfin will require employees within a 20-mile radius of its Seattle, San Francisco, and Frisco, Texas offices to work in-office two days a week starting July 11, citing culture considerations. Additionally, Seattle-based Capria Ventures closed a new $100 million fund to invest in AI and climate solutions startups, complementing their previous $57 million fund. The article also highlights recent growth in Washington's life science industry and Seagen's revenue jump ahead of its acquisition by Pfizer.

|A Redfin Corp. shareholder has voluntarily dismissed his lawsuit challenging Redfin's $1.75 billion sale to Rocket Cos. This dismissal occurred a week after a federal judge denied his request for attorneys’ fees. The investor had argued for $450,000 in fees, claiming his litigation efforts secured supplemental disclosures to the SEC, despite shareholders having overwhelmingly approved the deal in June.

U.S. investor home purchases increased by a mere 1% year-over-year in the third quarter of 2025, totaling approximately 52,000 homes, driven by challenges in profitability for flippers and landlords. Investor market share remained steady at 17%, mirroring the overall sluggishness of the housing market. Despite the muted activity, long-term investors are still making moves, capitalizing on reduced competition, particularly in specific West Coast markets like Seattle and San Francisco, while retreating from Florida and Las Vegas.

A Virginia federal judge has consolidated two major antitrust lawsuits against Zillow Group Inc., Zillow Inc., and Redfin Corp. The cases accuse the companies of an illicit deal that allegedly reshaped the online property-listing industry, with the FTC and several state attorneys general claiming Zillow paid Redfin $100 million to exit direct competition in multifamily property listings. This consolidation sets the stage for a significant legal battle over alleged anti-competitive practices.