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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 and Mortgage Rates Rise, Pushing Would-Be Buyers to the Sidelines
Rhea-AI Summary
Home prices surged with a 6.1% increase year over year, marking the highest rise in 15 months. Mortgage rates climbed above 7%, impacting homebuyers and sellers. Pending home sales dropped by 7.3%, influenced by various factors like high costs and seasonal events. Redfin predicts a potential increase in activity in the spring as mortgage rates may decline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
Tags
none
-
News
Homeowners Today Stay in Their Homes Twice As Long As They Did in 2005, Driven Largely By Older Americans Aging in Place
Rhea-AI Summary
Redfin's report highlights a decline in homeowner tenure from its 2020 peak due to the pandemic-induced moving frenzy. The typical U.S. homeowner now spends 11.9 years in their home, up from 6.5 years two decades ago. Baby boomers and Gen Xers have a significant impact on housing market trends, with older Americans driving longer homeowner tenure. Factors like financial incentives, state tax policies, and personal preferences contribute to the trend. The report indicates a decline of 1.5 years from the 2020 peak, with homeowner tenure expected to remain stable or slightly increase in the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.33%
Tags
none
-
News
Investors Bought 26% of the Country’s Most Affordable Homes in the Fourth Quarter—the Highest Share on Record
Rhea-AI Summary
Real estate investors purchased a record share of low-priced U.S. homes in the fourth quarter, with a 26.1% share, up from 24% a year earlier. Overall investor home purchases dropped 11% year over year, reaching $32.3 billion in value. The total supply of homes for sale in the U.S. fell 5.1% year over year in December.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.33%
Tags
none
News
Redfin Publishes Air Factor Data From First Street to Show Risk of Poor Air Quality
Rhea-AI Summary
Redfin (RDFN) partners with First Street to provide Air Factor data for U.S. properties, highlighting climate risks. The surge in poor air quality days in the Western U.S. due to wildfire smoke is a key concern.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.25%
Tags
none
-
News
Redfin Reports People Are Moving Out of Areas With Poor Air Quality, Often Because They’re Too Expensive
Rhea-AI Summary
Real Estate Company Redfin (RDFN) Reports Increased Demand in Safe Housing Amidst Uncertain Times
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.25%
Tags
none
-
News
Redfin Reports U.S. Asking Rents Flatten After Pandemic Rollercoaster Ride
Rhea-AI Summary
The median U.S. asking rent rose 1.1% year over year to $1,964 in January, marking the largest annual increase since March 2023. Rent growth is stabilizing after the pandemic surge, with growth rates ranging between -2.1% and +2.4% over the past year. The rental vacancy rate is at 6.6%, the highest since early 2021, due to increased apartment supply. While rents have not significantly declined, landlords are offering concessions to attract renters amidst high mortgage rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
Tags
none
News
Redfin Reports Pending Sales Post Biggest Decline in 4 Months, Dampened By Rising Mortgage Rates
Rhea-AI Summary
Redfin (RDFN) reports an 8% decline in pending home sales, attributed to high mortgage rates and harsh weather. The company notes that daily average mortgage rates saw a significant increase after a strong January jobs report and the Fed's indication of no interest rate cuts in the near future. Rising home prices are compounding the impact of elevated mortgage rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
Tags
none
-
News
One-Third of Real Estate Agents Have Clients Who Relocated Due to Local Laws or Politics in 2023: Redfin Survey
Rhea-AI Summary
A survey commissioned by Redfin revealed that 32% of real estate agents had at least one client who moved primarily because of local laws or politics in the last year. The pandemic-driven rise in remote work has given Americans more flexibility to factor in political preferences and local laws when choosing where to live. Some common migration routes for homebuyers last year were from blue states to red or purple states, largely due to housing affordability. State and local laws and politics have become increasingly important as the nation gets more politically divided, with Democrats and Republicans drifting further apart on issues like climate, immigration, and education.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.85%
Tags
none
-
News
Redfin to Announce Fourth-Quarter 2023 Results on February 27, 2024
Rhea-AI Summary
Redfin Corporation (RDFN) is set to release its fourth-quarter 2023 results on February 27, 2024, after the stock market closes. The company will host a live webcast to discuss the results, accessible on Redfin's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6%
Tags
earnings
News
Redfin Announces ‘Sign & Save’ Program, Helping Homebuyers Save Thousands
Rhea-AI Summary
Redfin (RDFN) announced the Sign & Save program, offering homebuyers a refund of 0.25 - 0.5% of the purchase price at closing when they sign up to work with a Redfin agent before the second home tour. This initiative aims to put money back in homebuyers' pockets, especially during a time of high prices and mortgage rates. For example, a $500,000 homebuyer can save $1,250, and a $2 million homebuyer can get a $10,000 refund.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6%
Tags
none
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
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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.