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Redfin Corp. is shuttering its iBuying business and laying off workers for the second time in almost five months, as the likelihood of a prolonged U.S. housing slowdown continues to ripple through the industry. The brokerage said in a…
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Mortgage rates continued to whipsaw, as a 13 basis point increase pushed the average back above 7%, Freddie Mac said. But some are speculating that a favorable inflation report issued Thursday morning could make the Federal Reserve pause on…
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In alerting workers to the layoff, Kelman made dire predictions related to the housing market through next year: “A layoff is awful, but we can’t avoid it,” he wrote. “We plan to keep increasing our share of the market, but that market in…
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