RDFN News

Latest breaking news and updates for RDFN stock.

Track all markets on TradingView

Redfin Reports Mortgage Rates Drop to 10-Month Low, Pushing Down Monthly Housing Payments

SEATTLE--(BUSINESS WIRE)--The typical homebuyer’s monthly mortgage payment is $2,614, the lowest level since January and down $224 from May’s all-time high, according to a new report from Redfin, t...

How does the current rate environment compare to competitors (e.g., Zillow, Realtor.com) in terms of potential market‑share gains and pricing power? What immediate impact might this news have on Redfin's stock price relative to broader real estate and mortgage‑sensitive indices? How will the decline in mortgage rates and lower monthly payments affect Redfin's transaction volume and revenue outlook?
Mortgage
4 days ago
Read more businesswire

Redfin Reports Homes Are Selling at the Slowest Summer Pace in a Decade

SEATTLE--(BUSINESS WIRE)--The typical home that went under contract in July was on the market for 43 days. That’s up from 35 days a year earlier and is the longest span for any July since 2015, acc...

What strategic actions or cost‑containment measures is Redfin planning to implement to offset the impact of reduced demand and longer listing times? How does Redfin's decline in pending home sales compare to its peers like Zillow, Compass, and RE/MAX during the same period? How will the slowdown in home sales and increased days on market affect Redfin's upcoming revenue and earnings forecasts?
Housing
7 days ago
Read more businesswire

Redfin Reports U.S. Apartment Asking Rents Post Biggest Increase in 2.5 Years

SEATTLE--(BUSINESS WIRE)-- #housingmarket--The median U.S. asking rent rose 1.7% ($30) year over year to $1,790 in July—the largest increase since January 2023. That’s according to a new report fro...

How should we adjust our price target or position sizing for Redfin based on this new rent data? Will the higher asking rents affect Redfin's exposure to regional market risks, particularly in high‑growth metros like Seattle? What are the potential macroeconomic drivers behind the rent increase, and how could they affect Redfin's long‑term growth prospects?
Housing
11 days ago
Read more businesswire