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Redfin Corp - RDFN STOCK NEWS

Welcome to our dedicated news page for Redfin (Ticker: RDFN), a resource for investors and traders seeking the latest updates and insights on Redfin.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Redfin's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Redfin's position in the market.

News
Redfin Reports Home Prices Stagnate in Florida and Texas as Supply Soars
Rhea-AI Summary
Redfin's latest report highlights the surge in housing supply in Florida and Texas, with significant price drops and stagnating home prices. The market trends show increased supply, price cuts, and longer selling times in several key metro areas. The report also discusses the impact of rising home insurance costs on home purchases and the slowdown in new listings nationwide.
Rhea-AI Impact
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End-of-Day
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Redfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising
Rhea-AI Summary
Redfin reports that buying a home in the U.S. is more expensive than ever, with the median home sale price hitting a record high of $383,725, up 5.2% from the previous year. Mortgage rates have also risen to 7.1%, the highest level since November 2023, leading to a record monthly housing payment of $2,843, up 13% year over year.
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News
Redfin to Announce First-Quarter 2024 Results on May 7, 2024
Rhea-AI Summary
Redfin (NASDAQ: RDFN) will announce its first-quarter 2024 results on May 7, 2024. The company will conduct a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results, with a live webcast available on Redfin's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
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earnings
News
Nearly 40% of Homeowners Couldn’t Afford Their Home If They Were to Buy It Today
Rhea-AI Summary
Redfin's report reveals that nearly 40% of homeowners in the U.S. wouldn't be able to afford their own home if they were to purchase it today, citing the doubling of home prices over the last decade and record-high monthly housing costs. The survey, conducted by Qualtrics, highlights the impact of rising prices and mortgage rates on homeowners' affordability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
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News
Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier
Rhea-AI Summary
The Redfin Home Price Index report reveals that price growth in the US stabilized in March, with prices up 0.6% from the previous month. Despite the leveling off, prices remain at historic highs due to a shortage of homes for sale. Elevated mortgage rates are constraining buyer budgets, leading to a potential continued stagnation in price growth. Some metropolitan areas experienced price declines, while others saw significant increases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
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News
Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever Before
Rhea-AI Summary
Redfin reports that the median-priced U.S. luxury home sold for a record $1,225,000 in the first quarter of 2024, marking an 8.7% increase from the previous year. Sales of luxury homes are on the rise due to high demand, with a significant share being purchased in cash. The total supply of luxury homes is increasing, but still below pre-pandemic levels. Luxury prices are driven by buyer confidence in continued price growth and the desire to capitalize on equity. Overall, luxury home sales are increasing while non-luxury sales are declining.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
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News
Redfin Reports the Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%
Rhea-AI Summary
Redfin reports that the cost of buying a home has hit a new record as mortgage rates jump and prices rise by 5%. The median U.S. home-sale price increased to $380,250, just $3,095 shy of the all-time high. Average daily mortgage rates surpassed 7.4%, the highest level since last November. Homebuyers' median monthly housing payment reached a record $2,775, up 11% year over year. Despite rising rates, there are signals of buyers still touring homes. Mortgage-purchase applications are up 5% week over week, and Redfin's Homebuyer Demand Index is near its highest level in seven months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
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News
Redfin Report: Nearly Half of Biden Voters Want to Live in Place Where Weed Is Legal, Compared to Only 12% of Trump Voters
Rhea-AI Summary
A recent Redfin report reveals that nearly half of Biden voters and over half of LGBTQ+ respondents want to live in a place where weed is legal, compared to only 12% of Trump voters. The survey, conducted by Qualtrics in February 2024, included 2,995 U.S. homeowners and renters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
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News
Redfin Survey: 70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in Coverage
Rhea-AI Summary
A Redfin survey reveals that 70.3% of Florida homeowners and 51% of California homeowners have experienced rising home insurance costs or changes in coverage. The report highlights the impact of insurance costs on property values and relocation trends due to natural disaster risks. Redfin Chief Economist warns of potential property devaluation in high-risk areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.55%
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News
Redfin Reports Nearly 40% of Renters Think They’ll Never Own a Home, Up From 27% Last Year
Rhea-AI Summary
Redfin's latest report reveals a significant increase in the number of U.S. renters who believe they will never own a home due to lack of affordability. The survey highlights that 38% of renters share this sentiment, up from 27% a year ago. The main reasons cited for this belief include the high cost of available homes (44%), difficulty in saving for a down payment (35%), affordability of mortgage payments (33%), and high mortgage rates (32%). A notable 14% simply lack interest in homeownership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.39%
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Stock RDFN logo
Redfin Corp

Nasdaq:RDFN

RDFN Rankings

#2768 Ranked by Market Cap
#1738 Ranked by Stock Gains
N/A Ranked by Dividends

RDFN Stock Data

714.26M
114.17M
4.18%
61.67%
17.21%
Other Activities Related to Real Estate
Real Estate and Rental and Leasing
Link
US
Seattle

About RDFN

redfin got its start inventing map-based search. everyone told us the easy money was in running ads for traditional brokers, but we couldn’t stop thinking about how different real estate would be if it were designed from the ground up, using technology and totally different values, to put customers first. so we joined forces with agents who wanted to be customer advocates, not salesmen. since these were our own agents, we could survey each customer on our service and pay a bonus based on the review. we deepened our technology beyond the initial search to make the home tour, the listing debut, the escrow process, the whole process, faster, easier and worry-free. and we gave customers more value, not just by saving each thousands in fees, but by investing in every home we sell, by measuring our performance and improving constantly. this is how real estate would be if it were designed just for consumers, because, well, it was.