Welcome to our dedicated page for Redfin Corporation news (Ticker: $RDFN), a resource for investors and traders seeking the latest updates and insights on Redfin Corporation stock.
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 Corporation'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 Corporation's position in the market.
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports the median U.S. home-sale price is up 3.2% year over year, with mortgage rates remaining elevated. The typical U.S. homebuyer’s monthly mortgage payment was $2,605, up 19% from a year earlier. Home prices are increasing due to the mismatch between supply and demand, with high mortgage rates deterring sellers. The total number of homes for sale is down 19%, and new listings are down 21%. Redfin’s Homebuyer Demand Index is down just 4% from a year ago.
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Rhea-AI Sentiment
End-of-Day
-24.39%
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Rhea-AI Summary
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Rhea-AI Sentiment
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-24.39%
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Rhea-AI Summary
Redfin (RDFN) Publishes Wind Risk Data for Nearly Every Property Listed on Redfin.com, Partnering with First Street Foundation to Educate Homebuyers on Climate Risks
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Rhea-AI Sentiment
End-of-Day
5.72%
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Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports that the income needed to afford a starter home has risen over 20% in Fort Lauderdale, FL, and Miami, more than anywhere else in the country. The typical starter home sold for a record $243,000 in June, up 2.1% from a year earlier and up more than 45% from before the pandemic. Average mortgage rates hit 6.7% in June, up from 5.5% the year before and just under 4% before the pandemic. New listings of starter homes for sale dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic. Sales of starter homes dropped 17% year over year in June.
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1.58%
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-7.31%
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NASDAQ: RDFN - Redfin reports a 2.6% increase in the typical U.S. home price to $382,000, the biggest rise since November. Despite a 3% decrease in homebuyer demand, mortgage rates have slightly decreased, providing some relief to buyers.
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Rhea-AI Sentiment
End-of-Day
-7.31%
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Redfin (NASDAQ: RDFN) reports significant drops in luxury home prices in the Bay Area and Seattle, with San Francisco experiencing the largest decline at 12.7% year over year. The nationwide luxury prices rose 4.6% year over year to a record $1.2 million in the second quarter.
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End-of-Day
-0.59%
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NASDAQ: RDFN - Redfin Report Shows 103% Increase in People Moving to Flood-Prone Counties in 2021-2022
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8.76%
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Rhea-AI Summary
Redfin Corporation (NASDAQ: RDFN) will release second-quarter 2023 results after the stock market closes on Thursday, August 3, 2023. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com.
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-6.4%
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Rhea-AI Summary
The typical U.S. home sold for $382,500 during the four weeks ending July 16, up 2.1% from a year earlier. This is the biggest increase since December 2022 and the second straight price uptick after nearly five months of declines. Prices are rising substantially in some metro areas, including Milwaukee, but they're declining in other parts of the country, such as Austin and Phoenix. High home prices and mortgage rates have pushed the typical homebuyer's monthly payment to a record $2,656. Redfin's Homebuyer Demand Index is up 2% from a year ago, indicating more demand than supply in the housing market.
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Rhea-AI Sentiment
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0.13%
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Redfin Corporation
Nasdaq:RDFN
RDFN Rankings
RDFN Stock Data
740.72M
114.17M
4.18%
61.67%
17.21%
Other Activities Related to Real Estate
Real Estate and Rental and Leasing
United States of America
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.