News
RDFN
5.18
-2.81%
-0.15
Home Prices in Florida, Texas Stagnate As Supply Soars -- Market Talk
Home sales in Florida and Texas are stagnating as supply increases. The time it takes to sell a home in Florida is soaring faster than anywhere else in the U.S. Sellers are cutting their asking prices and builders are offering big concessions to attract buyers. Of the 10 metro areas with the largest increases in supply, six are in Florida.
Dow Jones · 16h ago
Buying a Home in the U.S. Costs More Than Ever -- Market Talk
The median U.S. Home-sale price hit a record $383,725 during the four weeks ending April 21. The average weekly mortgage rate hit 7.1% this week. The median monthly housing payment is up 13% year over year. Prices are soaring despite more inventory than last year.
Dow Jones · 17h ago
Press Release: Redfin to Announce First-Quarter 2024 Results on May 7, 2024
Redfin to Announce First-Quarter 2024 Results on May 7, 2024. The company will host a live webcast of its conference call to discuss the results. Redfin is a technology-powered real estate company. The first-quarter 2024 results will be released after the stock market closes on Tuesday, May 7.
Dow Jones · 2d ago
U.S. Home Price Growth Stabilizes in March -- Market Talk
U.S. Home prices climb 0.6% from a month earlier in March, matching February's gain. On a year-over-year basis, prices rose 7.3%. High mortgage rates are putting a cap on price growth, Redfin says. Prices remain at historic highs due to shortage of homes for sale.
Dow Jones · 2d ago
Many Homeowners Couldn't Afford Their Homes If They Bought Today -- Market Talk
Survey says 38% of homeowners don't believe they could afford to buy their own home today. The median U.S. Home-sale price has doubled in the last 10 years. Rising mortgage rates are another reason many homeowners can't afford to purchase a home. The typical person purchasing today's median-priced home has a record-high monthly payment.
Dow Jones · 2d ago
REDFIN CORP <RDFN.O>: JEFFERIES CUTS TARGET PRICE TO $5.5 FROM $8
Reuters · 3d ago
UPDATE 3-CoStar to buy Matterport in $1.6 bln deal to boost digital real estate services
CoStar to buy Matterport in $1.6 bln deal to boost digital real estate services. Shares of Matterport more than doubled to $4.72; CoStar Group up 0.8%. Matterport makes 3D cameras for virtual tours of real estate. CoStar is looking to win listings by enhancing 3D virtual tours.
Reuters · 3d ago
Redfin Insider Ups Holding During Year
Redfin Corporation's (NASDAQ:RDFN) insider transactions over the last year show that the company has been net buyers. The President Glenn Kelman made the biggest insider purchase in the last 12 months of Redfin shares at a price of US$6.41 each. Redfin owns 4.2% of the company. It is good to see an insider purchase at above current prices. But the company made a loss during the same period. You can see the insider transactions for Redfin Corporation over the past year.
Simply Wall St · 3d ago
Weekly Report: what happened at RDFN last week (0415-0419)?
Weekly Report · 4d ago
Luxury Home Prices in U.S. Keep Rising -- Market Talk
The median-priced U.S. Luxury home sold for a record $1.2 million in 1Q, up 8.7% from a year earlier. Prices of non-luxury homes rose at almost half that pace. Luxury prices are rising largely because demand for high-end homes has held up.
Dow Jones · 6d ago
Why Redfin Stock Was Plummeting This Week
Redfin's stock was down 12% week to date. The Federal Reserve is expected to hold interest rates steady. Investors were reacting to a higher-than-expected inflation readout for March. The median U.S. Home price is still rising, but not as fast as expected.
The Motley Fool · 6d ago
Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever Before
The median-priced U.S. Luxury home sold for a record $1,225,000 in the first quarter, up 8.7% from a year earlier. Prices of non-luxury homes rose 4.6% to a median of $345,000. Sales of luxury homes are rising for the first time since August 2021. Luxury inventory is on the rise, but still far below pre-pandemic levels.
Barchart · 04/19 07:00
Cost of Buying a New Home Hits Record As Mortgages Rise -- Market Talk
Median U.S. Home-sale price increased 5% from a year earlier, Redfin says. European Central Bank will cut interest rate in June, France's central bank governor says. SEI sees room for U.s. Bond yields to move even higher. The Swedish krona is expected to strengthen against the euro, SEB survey says. The auto industry expected to record lower default stress and fewer bankruptcies, Fitch says.
Dow Jones · 04/18 16:38
Redfin Report: Nearly Half of Biden Voters Want to Live in Place Where Weed Is Legal, Compared to Only 12% of Trump Voters
Nearly half of U.S. Homeowners and renters who plan to vote for Joe Biden want to live in a place where recreational weed is legal. Gen Zers and LGBTQ+ Respondents are more likely to say they want legal weed. High Earners, College Grads and Remote Workers are more Likely to Want to Live in a Place Where Weed Is Legal. Recreational cannabis is legal in 24 states and Washington, D.C.
Barchart · 04/18 06:20
Majority of Homeowners In Florida, California See Insurance Rise Or Change -- Market Talk
Nearly three-quarters of Florida homeowners and just over half of California homeowners say they have been affected by rising home insurance costs or changes in coverage in the past year. That compares with less than half of homeowners nationwide. Florida and California are epicenters of the insurance housing crisis.
Dow Jones · 04/17 16:23
Redfin Survey: 70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in Coverage
Nearly three-quarters of Florida homeowners and over half of California homeowners say they have been affected by rising home insurance costs or changes in coverage in the past year. In Florida, 11.9% of those who plan to move cite rising insurance costs as a reason. Many homeowners in Florida and California are worried they will be dropped by their insurers.
Barchart · 04/17 08:51
How to find off-market real-estate listings, according to real-estate pros
MarketWatch · 04/16 12:43
Weekly Report: what happened at RDFN last week (0408-0412)?
Weekly Report · 04/15 09:25
Mortgage Rates Expected to Remain High For Some Time, Redfin Says -- Market Talk
Daily average mortgage rates hit their highest level in nearly five months after a hotter-than-expected inflation report. Real-estate company Redfin expects mortgage rates to remain high for the foreseeable future. The Fed is unlikely to cut interest rates in the next few months, Redfin says.
Dow Jones · 04/11 16:42
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About RDFN
Redfin Corporation is a technology-powered real estate company. The Company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sale of their home. The Company's segments include real estate services, rentals and mortgage. The Company uses digital platforms to connect consumers with rental properties. It helps people find a place to live with brokerage, rentals, lending, title insurance and renovations services. The Company's home-buying customers see homes first with on-demand tours, and its lending and title services help them close the transaction. It uses the same combination of technology and local service to originate, service, and subsequently sell mortgage loans and offer title and settlement services. The Company offers digital platforms to connect consumers with available apartments and houses for rent and for other advertising. It serves more than 100 markets across the United States and Canada.