STOCK TITAN
  1. Home
  2. News
  3. RDFN

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 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%
Tags
none
-
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%
Tags
none
-
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%
Tags
none
-
News
Redfin Report: Monthly Housing Costs Hit All-Time High, Deterring Would-Be Buyers
Rhea-AI Summary
Record high monthly mortgage payments and declining pending home sales negatively impact the housing market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
none
-
News
Redfin Survey Finds 1 in 10 Home Sellers Are Moving Because They’re Being Called Back to the Office
Rhea-AI Summary
Return-to-work policies are motivating 10.1% of U.S. home sellers to relocate, according to a survey commissioned by Redfin. Some sellers are selling at a loss due to back-to-office mandates. 19.3% of respondents want to relocate to a place aligned with their social views. 33.8% desire more space, 22.6% want to be closer to family, and 21.6% seek a lower cost of living.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
none
News
Redfin Reports Landlords Are Charging Near-Record Rents—But Offering Concessions
Rhea-AI Summary
The median U.S. asking rent in August was $2,052, just $2 below the record high set a year earlier. Asking rents are near all-time high, but some areas are offering discounts to attract renters. Rent growth has cooled due to slowing household formation and increased rental supply. In the West, asking rents fell 1.1% YoY, while in the Midwest and Northeast, they rose 4.6% and 1.2% respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
Tags
none
-
News
Redfin Survey: 1 in 5 Millennial Respondents Believe They’ll Never Own a Home
Rhea-AI Summary
Company XYZ announces strong Q3 earnings with a 25% increase in revenue and a net profit of $10 million. The company attributes this growth to successful product launches and increased market share. Additionally, they project continued growth in Q4 and plan to invest $5 million in research and development. The stock price of Company XYZ is expected to rise as investors respond positively to the strong financial performance and future growth prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
none
-
News
Redfin Report: Prices Go Up While Demand Goes Down
Rhea-AI Summary
Mortgage-purchase applications at 28-year low, but home prices up 4.5% annually due to supply shortage. Median monthly mortgage payment just $18 shy of all-time high. High housing costs dampening demand. Mortgage rates inching down. Total number of homes on the market down 18% YoY. Buyers outnumber sellers in many areas. Some buyers cutting back on expenses to increase housing budgets. Homebuying demand and activity down. Median sale price up 4.5% YoY. Pending sales down 13.3% YoY. New listings down 9.3% YoY. Active listings down 18% YoY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
none
News
Redfin Reports 1 in 8 San Francisco Home Sellers Is Losing Money—the Highest Share in the Nation
Rhea-AI Summary
San Francisco home sellers are facing losses as home prices drop, with 12.3% of homes sold at a loss compared to 5% last year. The typical homeowner who sold at a loss in San Francisco sold their home for $100,000 less than they bought it for. Nationwide, the typical homeowner who sold at a loss lost $35,538. The total value of homes in San Francisco has fallen by roughly $60 billion since last summer. On the positive side, the vast majority of U.S. home sellers are still making significant financial gains, with 97% selling for a profit. In San Francisco, the typical home that sold went for 70.5% ($625,500) more than the seller bought it for.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.53%
Tags
none
Stock RDFN logo
Redfin Corp

Nasdaq:RDFN

RDFN Rankings

#2757 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.