Home Prices Are Falling in 3 Texas Metros and Portland, Oregon as High Rates Cool Demand for the Former Hotspots
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home-sale prices are declining year over year in four major U.S. metros, three of them in Texas: Austin (-2.9%), San Antonio (-1.2%), Fort Worth (-1.2%) and ...
3 days ago - Business Wire
Housing Affordability Is Gen Z's Top Voting Issue, Outweighing Abortion Rights and the Economy: Redfin Survey
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than nine in 10 (91%) adult Gen Zers say housing affordability is important when considering who they will vote for in the upcoming presidential electio...
6 days ago - Business Wire
Redfin Reports Renters Are Staying Put Longer, With 1 in 6 Now Living in The Same Home For 10 Years or More
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — One in six (16.6%) U.S. renters stayed in their home for 10 years or more in 2022, up from 13.9% a decade earlier. That's according to a new...
9 days ago - Business Wire
Redfin Reports Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN)—Nationwide, 6.4% of home sellers cut their asking price during the four weeks ending May 26, on average, the highest share since November 2022...
10 days ago - Business Wire
Redfin to Present at BofA Securities 2024 Global Technology Conference
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: BofA Securities 2024 Global Technology Confe...
11 days ago - Business Wire
No relief on the horizon for home prices, says Redfin's Chen Zhao
Chen Zhao, Redfin Senior economist, joins 'Closing Bell Overtime' to talk the state of the housing market and the rising cost of home prices.
12 days ago - CNBC Television
Redfin Reports Home Prices Hit Another Record High, Pushing Pending Sales Down 4%
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price hit a record $387,600 during the four weeks ending May 19, up 4% from a year earlier. That's according to a n...
17 days ago - Business Wire
Redfin CEO: Housing market will do a little bit better through the rest of the year
Redfin CEO Glenn Kelman joins CNBC's 'Money Movers' to discuss the housing market, rental inflation, a new wave of young home buyers, and more.
18 days ago - CNBC Television
Gen Z and young millennials took out 40% of mortgages in 2023: Redfin
Despite soaring housing costs and economic uncertainties, Gen Z and younger millennials remain committed to the American dream of homeownership. According to a RedFin report, a staggering 40% of new m...
19 days ago - Yahoo Finance
U.S. Home Prices Continue Their Ascent, Even as High Costs Deter Homebuyers
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices climbed 0.5% from a month earlier in April on a seasonally adjusted basis, and rose 7.3% from a year earlier, per a new report from Redfin (...
19 days ago - Business Wire
One-Third of Houses For Sale Are Newly Built, Just Shy of the Record High
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — One-third (33.4%) of single-family homes for sale in the U.S. in the first quarter were newly built, essentially unchanged from a year earlier but down from ...
20 days ago - Business Wire
Redfin Reports Gen Zers and Young Millennials Took Out 40% of U.S. Mortgages in 2023
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Two in five (39.7%) new mortgages issued in 2023 went to homebuyers under 35, and 26.5% went to buyers aged 35-44. Next came 45-54 year olds,...
20 days ago - Business Wire
Redfin Reports the Median U.S. Home Price Hit an All-Time High of $434,000 in April
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home sale price rose 6.2% year over year in April to $433,558—the highest level on record, according to a new report from Redfin (redfin.com)...
23 days ago - Business Wire
Redfin Expands Redfin Next Agent Pay Plan to 25 Additional Markets
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to 25 additional markets. Under Redfin Next, agents in these markets earn comp...
23 days ago - Business Wire
Redfin Report: The Sun Belt Is Seeing Some of the Biggest Rent Declines in America
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median asking rent in Seattle fell 7.3% year over year in April, according to a new report from Redfin (redfin.com), the technology-power...
23 days ago - Business Wire
Redfin Reports Mortgage Rates Dip Below 7% For First Time in 5 Weeks, Giving Buyers Some Much-Needed Relief
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Pending home sales fell 4.3% from a year earlier during the four weeks ending May 12, the biggest decline in roughly three months. That's acc...
24 days ago - Business Wire
Redfin Reports Investor Home Purchases Rise for the First Time in Nearly Two Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors bought roughly 44,000 U.S. homes in the first quarter of 2024, up 0.5% from a year earlier—the first increase since the second quarter ...
25 days ago - Business Wire
Redfin Reports Demand For Vacation-Home Mortgages Fell 40% in 2023 As Housing Costs Rose to Record High
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. homebuyers took out 90,772 mortgages for second homes in 2023, down 40% from a year earlier and down 65% from the height of the pandemic housing boom in...
27 days ago - Business Wire
Redfin Reports Record-High Monthly Payments Chill Spring Selling Season—But Declining Rates Could Boost Activity
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, up 14% from a year earlier, and ho...
4 weeks ago - Business Wire
Redfin to Present at 19th Annual Needham Technology & Media Conference
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: 19th Annual Needham Technology & Media Confe...
4 weeks ago - Business Wire
Redfin Reports First Quarter 2024 Financial Results
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its first quarter ended March 31, 2024. First Quarter 2024 First quarter revenue was $225.5 million, an increase...
4 weeks ago - Business Wire
Redfin shares rise after $9.25 million settlement over real-estate broker commission lawsuits
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longsta...
4 weeks ago - Market Watch
Redfin Reports Low-Income Americans Have Lost the Homebuying Progress They Made During the Pandemic
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly one in five (20.6%) new mortgages issued last year went to low-income Americans, bringing that group's piece of the homebuying pie back down to where...
4 weeks ago - Business Wire
Redfin Report: The Pool of People Taking Out Mortgages In America Is Becoming Less White
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The share of U.S. mortgages taken out by white homebuyers has declined over the last five years, while the share taken out by Hispanic, Black...
5 weeks ago - Business Wire
Redfin Report: For the First Time in Nearly 2 Years, There's No Major American Metro Where Home Prices Are Falling
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median home-sale price rose from a year earlier or stayed the same in all 50 of the most populous U.S. metros during the four weeks endin...
5 weeks ago - Business Wire