Job Gains and Household Growth Provide Positive Outlook for U.S. Housing Market

Demand for housing expected to continue despite unsustainably strong house price gains weighing on affordability

Columbus, OH – June 20, 2017 (PRNewswire) Nationwide’s latest forward-looking barometer of the U.S. housing market health continues its positive outlook despite unsustainably strong house price gains weighing on affordability. The primary reason: housing demand. Household formation growth picked up sharply over the last quarter to move above the long-term average, and job gains remain solid.

Nationwide Logo

“Household formation growth over the past year had a notable uptick this quarter over last, playing a big factor in driving up demand for housing and maintaining a strong market,” said David Berson, Nationwide senior vice president and chief economist. “We are, however, keeping a close eye on affordability and especially house price appreciation as it is well above the long-term average.”

According to Nationwide’s Health of Housing Markets Report (HoHM Report), household growth is expected to remain above average during the next few years, increasing demand on an already limited supply of homes. In fact, while the National Association of Realtors just reported that national home inventory-sales ratio is around four months at the current sales pace, several markets are experiencing a month’s supply of inventory turnover in half – and even a quarter – of that amount of time.

MSAs with the lowest housing inventory-sales ratios in 2017 Q1 are, in order: Seattle-Bellevue-Everett, Wash.; Denver-Aurora-Lakewood, Colo.; Tacoma-Lakewood, Wash.; Boulder, Colo.; Fort Collins, Colo.; Portland-Vancouver-Hillsboro, Ore.-Wash.; Mankato-North Mankato, Minn.; Olympia-Tumwater, Wash.; San Francisco-Redwood City, Calif.; Sacramento-Roseville, Calif.; Fort Worth-Arlington, Texas; Dallas-Plano-Irving, Texas; San Diego-Carlsbad, Calif.; Columbus, Ohio; and Oakland-Hayward-Berkeley, Calif.

The report, measuring data as of 2017 Q1, also found that:

  • Regionally, the rankings show positive and healthy housing trends in more than 75 percent of MSAs, suggesting sustainable expansion during the next year.
  • While markets with strong ties to the energy sector (including North Dakota, Texas, Louisiana, and Alaska) continue to dominate the bottom 10 rated MSAs, the outlook for housing in these areas is slowly improving as energy production and employment recover.

The top two metro areas are in Pennsylvania, followed by two in Oklahoma. The 10 top metro areas in the index are, in order: Lancaster, Pa.; Scranton-Wilkes-Barre, Pa.; Fort Smith, Ark.-Okla.; Lawton, Okla.; Durham-Chapel Hill, N.C.; Pittsfield, Mass.; Toledo, Ohio; Springfield, Mass.; Philadelphia; and Vineland-Bridgeton, N.J.

Victoria, Texas, ended a run of four straight quarters for Bismarck, N.D., as the bottom performing MSA. Half of the bottom 10 MSAs reside in Texas. In order, the bottom 10 are: Victoria, Texas; Bismarck, N.D.; Texarkana, Texas-Ark.; Longview, Texas; Dallas-Plano-Irving, Texas; Houma-Thibodaux, La.; Anchorage, Alaska; Sherman-Denison, Texas; Lafayette, La.; and Asheville, N.C. The Dallas metroplex and Asheville are on this list primarily because of rapid house price appreciation and a resulting drop in affordability.

More information about the HoHM Report, including the methodology used, can be found at blog.nationwide.com/housing. The HoHM Report is released on a quarterly basis online and in print.

About Nationwide

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.

Nationwide, Nationwide is on your side and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company.

Contact:

Ryan Ankrom
(614) 249-5145
ryan.ankrom@nationwide.com

Jordan Fisher
(312) 240-2951
jordan.fisher@edelman.com

Nine Out of Ten Americans and Canadians Call For Affordable Housing Solutions

Habitat for Humanity Affordable Housing Survey: Nine out of ten say it’s important to find a solution for the lack of affordable housing.

Cost is the top barrier to homeownership, followed by difficulty obtaining mortgages, and most expect costs to keep increasing over the next five years.

Eight out of ten say affordable housing has a positive impact on the community.

Atlanta, GA – June 20, 2017 (PRNewswire-USNewswire) A majority of Americans and Canadians have made it clear: we are not paying enough attention to affordable housing needs and solutions, according to Habitat for Humanity’s Affordable Housing Survey. With critical housing shortages across both countries, cost remains a top barrier preventing families from accessing decent homes with an affordable mortgage.

Habitat for Humanity Logo

“In many ways, housing is an invisible crisis. There are still too many families without access to safe, secure and affordable housing,” said Jonathan Reckford, CEO of Habitat for Humanity International. “This survey highlights the value all of us place on a decent place to call home and underscores the critical need to increase access to affordable housing. At Habitat, we are committed to continue partnering with communities, governments and the private sector to create affordable housing solutions and empower families working toward a path to homeownership.”

On behalf of Habitat for Humanity, PSB surveyed 1,000 people in the United States and Canada, examining the perceptions, challenges to and benefits of affordable housing in both countries. The survey was conducted ahead of Habitat for Humanity’s 34th Jimmy & Rosalynn Carter Work Project, which will build 150 homes in Canada this summer.

Affordable housing issues and aspirations

Homeownership remains a top achievement for most people, from renters to current homeowners. Nine out of ten of Americans (92 percent) say owning a home is one of their greatest achievements in life. Among renters, a majority of Americans (68 percent) cite owning a home as one of their top goals.

While homeownership is an aspiration for a majority, it remains out of reach for too many individuals and families. Nine out of ten Americans and Canadians recognize this, saying they believe it is important to find solutions to the lack of affordable housing. Moreover, compared with issues like safety (16 percent) and quality (11 percent) affordability is a top U.S. housing issue (59 percent), with 75 percent saying not enough attention is paid to the issue.

Affordable Housing Infographic

Barriers to homeownership

Compared with other challenges, high cost remains the top barrier to homeownership (84 percent in the U.S.), closely followed by the ability to obtain a mortgage (75 percent). Most do not expect the situation to get much better: A majority of U.S. (72 percent) and Canadian (84 percent) respondents say housing costs will go up in the next five years.

Most have struggled with housing costs at some point in their lifetime. One quarter of U.S. homeowners currently struggle to pay housing costs, while 65 percent say they have struggled with housing costs at some point in their lives:

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Benefits of homeownership

Homeownership fosters many positive personal benefits. Nine out of ten Americans (91 percent) report owning a home has made them more responsible, with four in ten reporting that it has also helped them build a nest egg (44 percent) and given them stability (41 percent).

Affordable housing is also the foundation for reducing poverty and achieving economic growth, with the potential to positively impact a wider range of larger societal issues. At least eight out of ten Americans and Canadians agree that having affordable, stable housing contributes to public health, community safety, economic growth and education.

Everyone deserve affordable housing

Habitat for Humanity partners with families and individuals to build or improve a place they can call home, working alongside volunteers paying an affordable mortgage. Through this model, Habitat homeowners achieve the strength, stability and independence they need to build a better life for themselves and their families.

There are several ways to support affordable housing: volunteer with a local Habitat for Humanity, advocate for better housing policies or donate to help more families build and improve a decent place to call home. Visit habitat.org for more information.

About Habitat for Humanity

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort on a community farm in southern Georgia. The Christian housing organization has since grown to become a leading global nonprofit working in more than 1,300 communities throughout the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.

About Habitat for Humanity Canada

Founded in 1985, Habitat for Humanity Canada is a national, nonprofit organization working toward a world where everyone has a decent and affordable place to call home. Habitat for Humanity brings communities together to help families build strength, stability and independence through affordable homeownership. With the help of volunteers, Habitat homeowners and 56 local Habitats working in every province and territory, we provide a solid foundation for better, healthier lives in Canada and around the world. For more information, please visit www.habitat.ca.

Redfin: May Housing Market Sets Records for Speed and Competition

The typical home sold in May found a buyer in 37 days

More than a quarter of homes sold for more than their asking price

Seattle, WA – June 15, 2017 (BUSINESS WIRE) U.S. home prices rose 6.8 percent to a median sale price of $288,000 in May, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home sales increased 7.5 percent over last year, despite a long-standing shortage in the supply of homes. The number of homes for sale fell 10.9 percent, leaving just 2.7 months of supply, the lowest supply Redfin has recorded since we began tracking the market in 2010. Six months is generally considered a market balanced between buyers and sellers.

Redfin

The typical home that sold in May went under contract in 37 days, breaking the previous record of 40 days set in April. More than a quarter of homes sold above their list price, the highest percentage Redfin has recorded. The median sale-to-list price ratio set another record, hitting 95.4 percent in May.

“There is still a lot of momentum in home prices in many metros, not only on the coasts but also in places like Buffalo, Grand Rapids and Omaha,” said Redfin chief economist Nela Richardson. “Strong local economic growth and burgeoning demand from older millennials are accelerating home-price growth in this very competitive, low-inventory pre-summer market. The Federal Reserve’s latest announcement to raise short-term rates will have very little effect on buyer demand or on the overall housing market. If anything, it may motivate buyers to make their purchases sooner rather than later.”

In a Redfin-commissioned survey conducted last month, more than 1,000 homebuyers responded to a question about the effect a hypothetical rate hike above 5 percent would have on their home-buying plans. A quarter said it would have no impact, while nearly as many (23%) said they would increase their urgency to buy before rates went up further. Twenty-nine percent said they would slow down their search and see if rates came back down, 18 percent said their urgency wouldn’t change, but they would look in other areas or buy a smaller home. Just 5 percent said they would cancel their home-buying plans altogether.

Regional May Highlights

Competition

  • Denver, CO, was the fastest market for the third month in a row, with nearly half of all homes pending sale in just 6 days. Seattle, WA, was the next fastest markets with 7 median days on market, followed by Grand Rapids, MI (8), Portland, OR (8), and Omaha, NE (9).
  • The most competitive market in May was San Jose, CA, where 74.1% of homes sold above list price, followed by 70.9% in Oakland, CA, 70.1% in San Francisco, CA, 64.1% in Seattle, WA, and 51.8% in Tacoma, WA.

Prices

  • Seattle, WA, had the nation’s highest price growth, rising 15.9% since last year to $510,000. Lakeland, FL, had the second-highest growth at 15.1% year-over-year price growth, followed by Tampa, FL (13.2%), Memphis, TN (13%), and Manchester, NH (12.2%).
  • Two metros saw slight price declines in May including Albany, NY (-0.9%), and Baton Rouge, LA (-0.6%).

Sales

  • In 29 out of 89 metros, sales surged by double digits from last year. Poughkeepsie, NY, led the nation in year-over-year sales growth, up 44.4%, followed by Memphis, TN, up 40.2%. Philadelphia, PA, rounded out the top three with sales up 28.3% from a year ago.
  • Rochester, NY, had the largest decline in sales since last year, falling 14.3%. Home sales in Santa Rosa, CA, and Buffalo, NY, declined by 11.2% and 10.3%, respectively.

Inventory

  • Rochester, NY, had the largest decrease in overall inventory, falling 35.7% since last May. Buffalo, NY (-31.9%), San Jose, CA (-31.0%), and Seattle, WA (-27.1%), also had far fewer homes available on the market than a year ago.
  • Ogden, UT, had the highest increase in the number of homes for sale, up 41.4% year over year, followed by Provo, UT (34.9%), and Fort Myers, FL (27.3%).

To read the full report, complete with data and charts, please click here.

About Redfin

Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry’s lowest published error rate. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $40 billion in home sales through 2016.

Contacts

Redfin Journalist Services
Alina Ptaszynski
(206) 588-6863
press@redfin.com

U.S. Needs 4.6M New Apartments by 2030 to Keep Pace with Demand

Growing Demand is Due to Aging Population, Immigration, Declining Home Purchases

Washington, D.C. – June 12, 2017 (BUSINESS WIRE) Delayed marriages, an aging population and international immigration are increasing a pressing need for new apartments, to the tune of 4.6 million by 2030, according to a new study commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA). It’s important to note that:

  • Currently, nearly 39 million people live in apartments, and the apartment industry is quickly exceeding capacity;
  • In the past five years, an average of one million new renter households were formed every year, which is a record amount; and,
  • It will take building an average of at least 325,000 new apartment homes every year to meet demand; yet, on average, just 244,000 apartments were delivered from 2012 through 2016.

Based on research conducted by Hoyt Advisory Services and commissioned by NAA and NMHC, the data includes an estimate of the future demand for apartments in the United States, the 50 states and 50 metro areas, including the District of Columbia. For the purposes of this study, apartments are defined as rental apartments in buildings with five or more units. The data are available on the website www.WeAreApartments.org.

We Are Apartments Logo

The increased demand for apartments is due in large part to:

  • Delayed house purchases. Life events such as marriage and children are the biggest drivers of home ownership. In 1960, 44 percent of all households in the U.S. were married couples with children. Today, it’s less than one in five (19 percent), and this trend is expected to continue.
  • The aging population. People ages 65-plus will account for a large part of population growth going forward across all states. The research shows older renters are helping to drive future apartment demand, particularly in the northeast, where renters ages 55-plus will account for more than 30 percent of rental households.
  • Immigration. International immigration is assumed to account for approximately half (51 percent) of all new population growth in the U.S., with higher growth expected in the nation’s border states. This population increase will contribute to the rising demand for apartments. Research has shown that immigrants have a higher propensity to rent and typically rent for longer periods of time.

“We’re experiencing fundamental shifts in our housing dynamics, as more people are moving away from buying houses and choosing apartments instead. More than 75 million people between 18 and 34 years old are entering the housing market, primarily as renters,” said Dr. Norm Miller, Principle at Hoyt Advisory Services and Professor of Real Estate at the University of San Diego. “But renting is not just for the younger generations anymore. Increasingly, Baby Boomers and other empty nesters are trading single-family houses for the convenience of rental apartments. In fact, more than half of the net increase in renter households over the past decade came from the 45-plus demographic.”

“Apartment rentals are on the rise, and this trend is expected to continue at least through 2030, which means we’ll need millions of new apartments in the U.S. to meet the increased demand. The western U.S. as well as states such as Texas, Florida and North Carolina are expected to have the greatest need for new apartment housing through 2030, although all states will need more apartment housing moving forward,” said NAA Chair Cindy Clare, CPM. “The need is for all types of apartments and at all price points.”

There will also be a growing need for renovations and improvements on existing apartment buildings, which will provide a boost in jobs (and the economy) nationwide. Hoyt’s research found that 51 percent of the apartment stock was built before 1980, which translates into 11.7 million units that could need upgrading by 2030. The older stock is highly concentrated in the northeast.

“The growing demand for apartments – combined with the need to renovate thousands of apartment buildings across the country – will make a significant and positive impact on our nation’s economy for years to come,” explained NMHC Chair Bob DeWitt. “For frame of reference, apartments and their 39 million residents contribute $1.3 trillion to the national economy. As the industry continues to grow, so will this tremendous economic contribution.”

Other highlights from the report include:

  • Demand is expected to be especially significant in Raleigh, N.C., with a 69.1 percent increase in new apartment units between now and 2030, Orlando, Fla. (56.7 percent), and Austin, Texas (48.7 percent). Also notable, the demand in the New York City metro area will call for an additional 278,634 apartment units, Dallas-Ft. Worth, Texas (266,296 new units), and Houston, Texas (214,176 new units).
  • Propensity to rent is higher in high-growth and high-cost states.
  • Hundreds of thousands of new rental units will be needed by 2030 in states such as California, Georgia, Arizona, Florida, North Carolina, Nevada, New York, Texas, Virginia and Washington.

In conjunction with the study’s release, the website www.WeAreApartments.org breaks down the data by each state and 50 key metro areas. Visitors can also use the Apartment Community Estimator – or ACE – a tool that allows users to see the trends in their state or metro area to determine the potential economic impact locally.

For more information, visit www.WeAreApartments.org.

For more than 25 years, the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) have partnered on behalf of America’s apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of 170 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. Today, more than one-third of Americans rent their housing and 39 million people live in an apartment home. For more information, please visit www.nmhc.org or www.naahq.org.

Contacts

Adrienne Walkowiak
(603) 659-9345
Adrienne@AdrienneWalkowiak.com

or

NMHC
Jim Lapides
(202) 974-2360
jlapides@nmhc.org

or

NAA
Carole Roper
(703) 797-0616
croper@naahq.org

CoreLogic Reports Mortgage Delinquencies Dropped to a 10-Year Low in March 2017

  • Delinquent Mortgages, Early-Stage Delinquencies and Foreclosure Rates All Experienced Year-Over-Year Declines
  • Positive Trends Expected to Continue as Industry Shifts Focus Toward Solving Supply Shortages and Housing Affordability

Irvine, CA – June 13, 2017 (BUSINESS WIRE) CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in March 2017. This represents a 0.8 percentage point decline in the overall delinquency rate compared with March 2016 when it was 5.2 percent.

CoreLogic Logo

As of March 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.8 percent compared with 1 percent in March 2016. The serious delinquency rate, defined as 90 days or more past due including loans in foreclosure, was 2.1 percent, down from 2.7 percent in March 2016.

Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To comprehensively monitor mortgage performance, CoreLogic examines all stages of delinquency as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next.

Early-stage delinquencies, defined as 30-59 days past due, fell to 1.7 percent in March 2017, down from 1.9 percent in March 2016 and the lowest level since January 2000. The share of mortgages that were 60-89 days past due in March 2017 was 0.59 percent, down slightly from 0.63 percent in March 2016.

“Early-stage mortgage performance continues to improve at a steady pace, especially for 30-59-day delinquencies which fell to 1.7 percent, the lowest rate for any month since January 2000,” said Dr. Frank Nothaft, chief economist for CoreLogic. “Late-stage serious delinquency rates continue to decline, falling to their lowest levels since November 2007.”

Chart

Chart 1

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Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30-days past due was 0.6 percent in March 2017, down from 0.7 percent in March 2016 and the lowest for any month since January 2000. By comparison, in January 2007, just before the start of the financial crisis, the current-to-30-day transition rate was 1.2 percent and it peaked in November 2008 at 2 percent.

“Dropping delinquency and foreclosure rates reflect the beneficial impact of stringent post-crisis underwriting standards as well as better fundamentals such as higher employment, household formation and home price gains,” said Frank Martell, president and CEO of CoreLogic. “Looking ahead, we expect these positive trends to continue as the industry shifts its focus toward solving supply shortages and looming affordability crises in an increasing number of markets.”

For ongoing housing trends and data, visit the CoreLogic Insights Blog: www.corelogic.com/blog.

Methodology

The data in this report represents foreclosure and delinquency activity reported through March 2017.

The data in this report accounts for only first liens against a property and does not include secondary liens. The delinquency, transition, and foreclosure rates are measured only against homes that have an outstanding mortgage. Generally, homes with no mortgage liens are not subject to foreclosure and are, therefore, excluded from the analysis. Approximately one-third of homes nationally are owned outright and do not have a mortgage. CoreLogic has approximately 85 percent coverage of U.S. foreclosure data.

Source: CoreLogic

The data provided is for use only by the primary recipient or the primary recipient’s publication or broadcast. This data may not be re-sold, republished or licensed to any other source, including publications and sources owned by the primary recipient’s parent company without prior written permission from CoreLogic. Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data. If the data is illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or website. For questions, analysis or interpretation of the data, contact Lori Guyton at lguyton@cvic.com or Bill Campbell at bill@campbelllewis.com. Data provided may not be modified without the prior written permission of CoreLogic. Do not use the data in any unlawful manner. This data is compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.

Contacts

CoreLogic

For real estate industry and trade media:

Bill Campbell
(212) 995-8057
bill@campbelllewis.com

or

For general news media:

Lori Guyton
(901) 277-6066
lguyton@cvic.com

Redfin to Host Seattle Event for Women in Technology on July 13

Women@Work: A Different Future for Tech Will Showcase Women Leaders from Business and Journalism Discussing their Strategies for Personal Success and Industry-wide Change

Seattle, WA – June 8th, 2017 (BUSINESS WIRE) Redfin (www.redfin.com), the next-generation real estate brokerage, today announced a first-of-its-kind event in Seattle. Women@Work: A Different Future for Tech, will take place on Thursday, July 13, from 1 p.m. to 7 p.m., at 415 Westlake in Seattle. Bridget Frey, Redfin’s chief technology officer, will deliver the keynote. As of October 2016, 30 percent of engineers, product managers and designers at Redfin were women, among the highest in the industry.

Tickets go on sale today, for $20 each. To register, visit our registration page. Space is limited.

Redfin Logo

Other prominent women business leaders will participate in a series of fireside chats led by colleagues and technology journalists on topics such as raising startup capital, getting a board position and creating and supporting a diverse culture. Speakers include:

  • Abby Adlerman, CEO and Founder, Boardspan Inc.; and Julie Bornstein, Chief Operating Officer, Stitch Fix – Speaking with Dina Bass, Seattle Bureau Chief and Technology Reporter, Bloomberg News
  • Jennifer Chao, Vice President of Engineering, Redfin – Speaking with Nela Richardson, Chief Economist, Redfin
  • Sarah Guo, Investor, Greylock Partners – Speaking with Rachel Lerman, Technology Reporter, Seattle Times
  • Selina Tobaccowala, Co-Founder, Gixo – Speaking with Monica Nickelsburg, Reporter and Producer, GeekWire

“Women@Work is designed to give women concrete, actionable steps to advance their careers and personal development,” said Bridget Frey. “At the same time, we want to offer a high-level perspective on how to go beyond the individual and change the industry as a whole to be more inclusive and equal for women and other underrepresented groups.”

As Seattle develops into a major technology center, with a business culture that draws on but also stands apart from Silicon Valley, the city has an opportunity to increase the number of women starting and running companies, and designing and developing new products here.

To sign up for Women@Work, click here. More information can be found here.

About Redfin

Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry’s lowest published error rate. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $40 billion in home sales through 2016.

Contacts

Redfin Journalist Services:
Jon Whitely, 206-876-1074
press@redfin.com