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By Steve Kilar and The Baltimore Sun | February 1, 2013
This week there were fewer than 500 homes on the market in San Francisco. Meanwhile, within Baltimore's city limits there were nearly 2,800, according to online real estate brokerage Redfin. In the spirit of the Super Bowl, the techie real estate firm has compiled a set of statistics comparing the housing markets that surround M&T Bank Stadium and Candlestick Park. Here are some of the other tidbits Redfin collected about the Super Bowl cities: In December, the median price for a single-family home in Baltimore was $145,000; in San Francisco it was $822,000.
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BUSINESS
By Natalie Sherman, The Baltimore Sun | November 14, 2013
Portfolios managed by Baltimore-based T. Rowe Price participated in a $50 million mezzanine investment in Redfin, an online real estate brokerage. The money brings the venture capital funds raised by the 11-year-old firm to almost $96 million. It will go toward new technology, Redfin announced Thursday. Redfin operates in 22 markets including Baltimore. "Redfin is reinventing the process of buying or selling a home," said Henry Ellenbogen, portfolio manager for T. Rowe Price's New Horizons Fund.
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BUSINESS
By Steve Kilar | December 19, 2012
Homebuyers in 18 metro markets including Baltimore are feeling more confident about the residential real estate market, according to a survey released this week by real estate firm Redfin. Seven in 10 active homebuyers believe that home prices will increase in their neighborhood within the next year, according to the survey. That's up from six in 10 during the third quarter of the year. In the first quarter of 2012, just three in 10 people said they expected prices to rise in their community in the next 12 months.
FEATURES
By Steve Kilar, The Baltimore Sun | March 28, 2013
The last time Yasmin and Adil Degani bought a home, they took the traditional route. They went with a commission-based real estate brokerage to show them homes and guide them through the homebuying process. This time around, in an effort to save money and time, they decided to try an emerging path. The Odenton couple went with Redfin, a "technology-powered brokerage" that employs salaried agents and encourages buyers to use online profiles of homes to determine what properties to tour.
BUSINESS
By Steve Kilar and The Baltimore Sun | March 21, 2013
In the past five months, nearly 100 homes in metro Baltimore went under contract in 24 hours or less, according to data complied by real estate brokerage Redfin. “The inventory shortage plaguing real estate markets across the country, paired with extremely high homebuyer demand have caused the pace of the market to accelerate dramatically,” the firm said in a statement. “Already frustrated homebuyers are finding it necessary to move very quickly to keep up with their market's selling velocity.” Metro Baltimore ranks 12th in the nation for the number of homes sold in their first day on the market over that five-month period, according to Redfin's data.
FEATURES
By Steve Kilar, The Baltimore Sun | March 28, 2013
The last time Yasmin and Adil Degani bought a home, they took the traditional route. They went with a commission-based real estate brokerage to show them homes and guide them through the homebuying process. This time around, in an effort to save money and time, they decided to try an emerging path. The Odenton couple went with Redfin, a "technology-powered brokerage" that employs salaried agents and encourages buyers to use online profiles of homes to determine what properties to tour.
BUSINESS
Jamie Smith Hopkins | May 21, 2012
Here's a phrase you probably didn't expect to hear associated with the housing market so soon after the crash: Bidding war. They've been roaring back into suddenly-hotter-again areas in recent months. Now they're a lot more common here, too -- in a milder way than during the bubble years, but surprising nonetheless. Online real estate brokerage Redfin says nearly half of its Baltimore-area buyers' offers in the first three months of the year had competition. Some buyers are using escalation clauses again to try to avoid being outbid.
BUSINESS
By Natalie Sherman, The Baltimore Sun | November 14, 2013
Portfolios managed by Baltimore-based T. Rowe Price participated in a $50 million mezzanine investment in Redfin, an online real estate brokerage. The money brings the venture capital funds raised by the 11-year-old firm to almost $96 million. It will go toward new technology, Redfin announced Thursday. Redfin operates in 22 markets including Baltimore. "Redfin is reinventing the process of buying or selling a home," said Henry Ellenbogen, portfolio manager for T. Rowe Price's New Horizons Fund.
BUSINESS
Jamie Smith Hopkins | March 5, 2012
In what sort of housing market do sellers and buyers complain that it's rough out there? This one, apparently. The number of homes officially for sale has fallen substantially, both foreclosures and regular listings, leaving would-be buyers with fewer choices. And yet many homeowners are in the wish-I-could-sell group, unhappily off the market, because they can't afford to move at today's prices. Read all about it . But wait! There's more. This is the latest of our twice-annual analysis of the housing market down to ZIP codes in the region and neighborhoods in the city, so the story comes with a lot of extras.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | January 3, 2011
From the Real Estate Wonk blog: The most expensive home sold in the Baltimore region during November -- changing hands for $3.4 million -- is an Annapolis waterfront property with its own heated lap pool and spa. The four-bedroom home, with four full bathrooms and two half-baths, sits alongside Spa Creek, near the point where it joins the Chesapeake Bay. The property comes with 168 feet of bulkheaded waterfront, two deep water slips and...
BUSINESS
By Steve Kilar and The Baltimore Sun | March 21, 2013
In the past five months, nearly 100 homes in metro Baltimore went under contract in 24 hours or less, according to data complied by real estate brokerage Redfin. “The inventory shortage plaguing real estate markets across the country, paired with extremely high homebuyer demand have caused the pace of the market to accelerate dramatically,” the firm said in a statement. “Already frustrated homebuyers are finding it necessary to move very quickly to keep up with their market's selling velocity.” Metro Baltimore ranks 12th in the nation for the number of homes sold in their first day on the market over that five-month period, according to Redfin's data.
BUSINESS
By Steve Kilar and The Baltimore Sun | February 1, 2013
This week there were fewer than 500 homes on the market in San Francisco. Meanwhile, within Baltimore's city limits there were nearly 2,800, according to online real estate brokerage Redfin. In the spirit of the Super Bowl, the techie real estate firm has compiled a set of statistics comparing the housing markets that surround M&T Bank Stadium and Candlestick Park. Here are some of the other tidbits Redfin collected about the Super Bowl cities: In December, the median price for a single-family home in Baltimore was $145,000; in San Francisco it was $822,000.
BUSINESS
By Steve Kilar | December 19, 2012
Homebuyers in 18 metro markets including Baltimore are feeling more confident about the residential real estate market, according to a survey released this week by real estate firm Redfin. Seven in 10 active homebuyers believe that home prices will increase in their neighborhood within the next year, according to the survey. That's up from six in 10 during the third quarter of the year. In the first quarter of 2012, just three in 10 people said they expected prices to rise in their community in the next 12 months.
BUSINESS
Jamie Smith Hopkins | May 21, 2012
Here's a phrase you probably didn't expect to hear associated with the housing market so soon after the crash: Bidding war. They've been roaring back into suddenly-hotter-again areas in recent months. Now they're a lot more common here, too -- in a milder way than during the bubble years, but surprising nonetheless. Online real estate brokerage Redfin says nearly half of its Baltimore-area buyers' offers in the first three months of the year had competition. Some buyers are using escalation clauses again to try to avoid being outbid.
BUSINESS
By Ylan Q. Mui and Ylan Q. Mui,The Washington Post | August 16, 2009
Real estate agents have long chanted the mantra "location, location, location." But sometimes more mystical forces are called on to help close a deal. Witness the power of the lucky number. Real estate agent Juliet Zucker had a client about 4 1/2 years ago who kept losing her bids for condominiums in Washington. These were the days of multiple offers and no contingencies. On the third try, Zucker attempted something unconventional: She wrote the offer with "18" as the last two numbers of the price.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | March 28, 2014
Stephanie and Jake Martin didn't have to wait long to sell their rowhouse in Baltimore's Canton neighborhood - they had a contract in three days. But buying a new place proved a bit more difficult. The Martins searched for months around Homeland in Baltimore and in Stoneleigh near Towson, but there wasn't much to see. One property that caught their eye ended up with something like a dozen offers. The couple ultimately snapped up a house in Homeland the day before it was listed for sale - thanks to a tip from friends across the street.
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