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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 Asking Rents Flattened in September Amid Growing Apartment Supply
Rhea-AI Summary
Median U.S. asking rent remains unchanged for sixth straight month, supply of rentals increases
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
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none
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News
Redfin Reports New Listings Hold Up As Mortgage Rates Soar Toward 8%
Rhea-AI Summary
Mortgage rates reach highest level in over 20 years, impacting homebuyers' purchasing power. New listings show a slight increase, offering hope for the housing market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
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none
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News
Redfin Survey: 59% of Recent Homebuyers Say Purchasing a House Is More Stressful Than Dating
Rhea-AI Summary
Nearly two-thirds of recent U.S. homebuyers think purchasing a house is more stressful than dating, according to a report from Redfin. High mortgage rates and low inventory are contributing to the anxiety. Divorce and finding a new job were the only events considered more stressful than buying a home. Baby Boomers are most likely to think dating is more stressful, while Millennials and Gen Xers find homebuying more stressful. White homebuyers find buying a home more stressful than getting into college, while Black buyers say the opposite. Mortgage rates at the highest level in two decades are causing financial barriers for Black Americans. No specific numbers or percentages were mentioned in the PR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.54%
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none
News
Redfin Survey: Roughly One-Third of Black, Hispanic Respondents Faced Discrimination During Recent House Hunt
Rhea-AI Summary
32% of Black Americans and 36% of Hispanic Americans recently moved believe they were discriminated against based on their ethnicity or race during their home search, according to a survey from Redfin. An additional 22% of Black Americans and 22% of Hispanic Americans believe they may have been discriminated against. Asian respondents were less likely to report discrimination, with 20% believing they were discriminated against and an additional 27% believing they may have faced discrimination. Discrimination in the housing market is still common despite laws against it.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
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none
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News
Redfin Reports More Home Sellers Drop Their Asking Price As Mortgage Rates Hit Two-Decade High
Rhea-AI Summary
Record-high monthly mortgage payments are motivating sellers to drop asking prices to attract buyers, who are unwilling to pay a dollar more than necessary for their new home. Roughly one in 15 (6.5%) U.S. homes for sale had a price drop during the four weeks ending September 24, on average, up from 5.8% a month earlier–a sharp monthly increase compared to the same period in years past. The median home-sale price is up 3% year over year and the typical homebuyer’s monthly payment is at a record high as mortgage rates stay stubbornly elevated, with daily average rates hitting a two-decade high on September 27.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
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none
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News
A Record Share of Homebuyers Are Relocating, Many to Places Endangered By Climate Change
Rhea-AI Summary
A record 26% of homebuyers are looking to move to a different part of the country, with Sacramento and Las Vegas being the most popular destinations. Relocations are holding up better than in-metro moves due to affordability and remote work. The median home-sale price in Sacramento is $575,000, compared to $1,480,000 in San Francisco. Homebuyers are leaving expensive cities like San Francisco, New York, and Los Angeles. The most common destination for those leaving Los Angeles is Las Vegas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
none
News
Redfin Reports Pending Home Sales Drop 13% Year Over Year As Mortgage Rates Stay Stubbornly High
Rhea-AI Summary
Monthly housing payments reach all-time high, new listings show slight increase
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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none
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News
Redfin Survey: Most Respondents Support More Homebuilding, But Many Don’t Want a Complex in Their Neighborhood
Rhea-AI Summary
Nearly 80% of respondents support policies that promote homebuilding, but only one-third would feel positive about a large new apartment complex near their home.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
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none
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News
Redfin Reports Home Purchases Fell Through at the Highest Rate in Nearly a Year in August
Rhea-AI Summary
Residential real estate deals are falling through at the highest rate in almost a year due to high mortgage rates, with nearly 60,000 home-purchase agreements canceled in August, equal to 15.7% of homes that went under contract that month. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. The median U.S. home sale price rose 3% year over year to $420,846 in August. Buyer demand is below pre-pandemic levels, but pending sales have stabilized. New listings ticked up slightly, but overall housing supply remains at a record low.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.25%
Tags
none
News
Redfin Reports Demand for Vacation Homes Sits Near 7-Year Low Due to High Housing Costs, Return-to-Office Mandates
Rhea-AI Summary
Mortgage-rate locks for second homes down 47% from pre-pandemic levels in August, compared to 33% decline for primary homes. Second-home demand remains 30% below pre-pandemic levels. Mortgage-rate locks for second homes down 19% YoY. Affluent Americans' demand for second homes decreased due to high prices, loan fees, and return to the office. Short-term rental regulations and cooling long-term rental market also impacting demand. Some slight increase in demand due to lower prices in certain areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
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none
Stock RDFN logo
Redfin Corp

Nasdaq:RDFN

RDFN Rankings

#2738 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
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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.