(NASDAQ:RDFN) SEATTLE--(BUSINESS WIRE)-- #housingmarket--The number of homes sold in seasonal towns, those where vacation demand drives the housing market, fell 3% year over year in July, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s compared to a 1% decline in non-seasonal towns. In seasonal towns, home sales have been declining on a year-over-year basis since February. For its report, Redfin analyzed housing-market data in seasonal towns versus non-seasonal towns, with seasonal
Related Questions
How will the decline in home sales and stagnant prices in seasonal towns affect Redfin's revenue forecasts and stock valuation?
What is the expected reaction of other real estate platforms and regional markets to this trend compared to Redfin's performance?
Do analysts anticipate longer‑term shifts in vacation‑home demand that could reshape Redfin's growth strategy and market share?