Real estate brokerage Redfin has announced that it has appointed Daryl Fairweather as its new chief economist.
In her new role, Fairweather will lead a team of Redfin economists and data scientists responsible for providing reports on the real estate market, homeownership, and the economic factors shaping where and why people are buying and selling homes.
Most recently, Fairweather was a senior behavioral economist at Amazon, where she led a team of analysts and economists focused on improving employee performance and engagement.
"The housing market is a perfect example of how psychology affects the economy," Fairweather said. "For most of us, buying a home is the biggest financial decision we'll make in our lifetime, and yet traditionally, homebuyers have little experience and limited education on the process or the market. Emotions play a large role in real estate. I'm excited to use Redfin's unique data to understand these dynamics, and ultimately, educate consumers so they can feel confident and informed in their decisions."
Earlier in her career, Fairweather served in economist and analyst roles at Intensity Corporation, Morgan Stanley, and the Federal Reserve Bank of Boston. She holds a Ph.D. in economics from the University of Chicago and received her bachelor's degree from MIT.