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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 Report: The New Year Brings an Uptick in Early-Stage Demand As Mortgage Payments Fall and More Homes Hit the Market
Rhea-AI Summary
Redfin (RDFN) reports a 3% year-over-year decline in pending U.S. home sales, with mortgage-purchase applications up 3% and Redfin's Homebuyer Demand Index up 5%. The median U.S. housing payment is down $327 (-12%) from the all-time high in October. There are 9% more new listings than a year ago, and Google searches for 'home for sale' are up 10% from a month earlier.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.16%
Tags
none
-
News
Redfin Report: Renters Catch a Break as Costs Drop for Third Straight Month in December
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports a 0.8% year-over-year decrease in median U.S. asking rent in December to $1,964, marking the third consecutive decline. The rental market is affected by rising supply, leading to a 6.6% rental vacancy rate, the highest in nearly two years. Rents have fallen in the West and South but risen in the Midwest and Northeast, indicating regional disparities in the rental market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.97%
Tags
none
-
News
Redfin Reports Homebuyers’ Monthly Payments Drop to Lowest Level in Nearly a Year, Bringing Back Some House Hunters
Rhea-AI Summary
Redfin (RDFN) reports a significant decrease in the median U.S. mortgage payment, down $372 (-14%) from its October peak to its lowest level in nearly a year. Early-stage homebuying demand is on the rise, with a 10% increase in new listings year over year and a 10% increase in Redfin's Homebuyer Demand Index from a month ago to its highest level since August.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
none
News
The Pandemic-Driven Migration Boom Is Waning, With the Share of Homebuyers Relocating at Lowest Level in 18 Months
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports a decline in the share of U.S. homebuyers looking to move to a different metro area for the third straight month in November, dropping to 23.9%, the lowest share in a year and a half. The decline is attributed to the decreased feasibility of remote work and the overall slowdown in homebuying due to record-high unaffordability and severe supply shortage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
none
-
News
Redfin Reports Homebuying Demand Shows Early Signs of Rebound Following Weeks of Declining Mortgage Rates and Increasing Listings
Rhea-AI Summary
Real Estate Company X (Ticker: REC) sees increased house hunting activity amidst declining mortgage rates and a double-digit rise in new listings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
Tags
none
-
News
Redfin Reports Only 16% of Home Listings Were Affordable for the Typical Household in 2023
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports that housing affordability is expected to improve in 2024 as mortgage rates fall and more homes go up for sale. The share of affordable homes for sale in 2023 dropped to 15.5%, down from 20.7% in 2022 and over 40% before the pandemic. The number of affordable listings fell to 352,500 in 2023, down 40.9% from 2022. Mortgage rates have fallen from their October peak but remain higher than in 2022. Housing affordability was three times worse for Black households than White households in 2023, and affordable markets became much less affordable in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.14%
Tags
none
News
Redfin Reports Declining Mortgage Rates Lure Sellers Off Sidelines, Paving the Way For 2024 Buyers
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports significant rise in listing consults and new listings, with falling mortgage rates and increased housing starts hinting at a thawing housing market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.14%
Tags
none
-
News
Redfin Home Price Index: November Marked Third Straight Month of Slowing Price Growth as Supply Crunch Eased
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports a 0.6% rise in U.S. home prices from October, the smallest increase since June, with a 6.4% increase from a year earlier. The Redfin Home Price Index indicates a slowing home-price growth for the third straight month in November. New listings climbed 1.3% month over month to the highest level in over a year, and pending sales also rose by 2%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.62%
Tags
none
-
News
Falling Mortgage Rates Breathe New Life Into Housing Market as Listings, Pending Sales and Price Growth Hit Highest Level in Roughly a Year
Rhea-AI Summary
Redfin (RDFN) reports that new listings and pending home sales have increased, while home prices have jumped, posting the biggest year-over-year increase since late 2022. However, deals are falling through at the highest rate on record due to lingering economic uncertainty, and some metros continue to see price declines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
Tags
none
News
Redfin Reports Mortgage Rates and Housing Payments Drop to Lowest Level Since Spring
Rhea-AI Summary
Redfin (RDFN) reports a significant rise in new listings and mortgage-purchase applications, with mortgage rates falling to 6.82% and housing payments at their lowest level since April. The median U.S. home-sale price is up 4.5% year over year, reflecting a growing demand outpacing supply. Redfin's Homebuyer Demand Index is up 3% from a month ago, indicating a surge in homebuying services requests. The report also includes a detailed analysis of key housing-market data and metro-level highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.91%
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.