clock menu more-arrow no yes

Filed under:

Redfin Commission

While housing sales are cooling, Redfin is reducing its commission for listing agents from 1.5 percent to 1 percent. Doing this, the national real estate brokerage hopes to encourage more sellers to put their homes on the market. While housing inventory is rising, many homeowners are unwilling to sell their properties because they don't want to give up their low interest-rate mortgages. [WP]