Redfin sheds office space amid national layoffs, volatile housing market - Dallas Business Journal

Digital mortgage lender Better.com, based in New York City, has

of workers since interest rates began rising last fall, according to TechCrunch, an industry publication.of its workforce in June, citing over-expansion and market volatility as reasons for the cuts, according to The Real Deal.Dallas-Fort Worth is one of the nation’s most rapidly, according to a recent report from Redfin that analyzed how many homes on the market are seeing price drops. The analysis found that 45.8% of homes in the Dallas area and 44.

The sublease space in Hall Park that Redfin is putting on the market has an asking lease rate of $21 per square foot a year, or about $466,000 if a new tenant leases the entire suite. Office furniture is available as part of the deal, according to the marketing materials. The sublease expires in May 2028.of the space, which is being marketed by Cresa.

The only other office space Redfin appears to occupy in DFW is a much older, smaller co-working quarters in Spryrocket Station at 3723 Greenville Ave. in Dallas. It was not immediately clear whether Redfin continues to use the space.Ebby Halliday Real Estate Inc.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Redfin sheds office space amid national layoffs, volatile housing market - Dallas Business JournalSeattle-based residential real estate brokerage Redfin is downsizing its office space in Dallas-Fort Worth, shedding more than 22,000 square feet at Hall Park in Frisco after hundreds of layoffs nationally amid a volatile housing market.
Source: DallasBizNews - 🏆 525. / 51 Read more »

As housing market cools, homebuyers regain leverageYears of soaring home prices and sharply higher mortgage rates remain hurdles for many would-be homebuyers, but new data shows that they're regaining some leverage at the negotiating table as the housing market slows.
Source: wjxt4 - 🏆 246. / 63 Read more »

Redfin sheds office space amid national layoffs, volatile housing market - Dallas Business JournalSeattle-based residential real estate brokerage Redfin is downsizing its office space in Dallas-Fort Worth, shedding more than 22,000 square feet at Hall Park in Frisco after hundreds of layoffs nationally amid a volatile housing market.
Source: DallasBizNews - 🏆 525. / 51 Read more »

Plano commission green-lights contested Huffines Communities housing development - Dallas Business JournalA contested plan for a 200-plus home development by Huffines Communities in Plano got the go-ahead from the city’s Planning and Zoning Commission.
Source: DallasBizNews - 🏆 525. / 51 Read more »