(NASDAQ:RDFN) SEATTLE--(BUSINESS WIRE)--The number of homeowner households in America fell 0.1% year over year to an estimated 86.2 million in the second quarter, according to a new report from Redfin, the real estate brokerage powered by Rocket. While that’s a marginal decline, it’s the first since 2016. By comparison, the number of renter households rose 2.6% to an estimated 46.4 million—one of the largest increases in recent years. This is based on a Redfin analysis of U.S. Census Bureau data. A renter ho
Related Questions
How might the decline in homeowner households and rise in renters affect the demand for housing market equities and REITs?
What is the underlying driver behind this shift—are higher mortgage rates, affordability constraints, or demographic changes the primary cause?
Will this trend influence Redfin's revenue outlook and valuation relative to other brokerage firms and proptech competitors?