Homeowners skipping meals to make monthly payments, survey finds [FOX Business Network]
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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investors.redfin.com/investor-relations
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Source: FOX Business Network
The majority of U.S. residents earning less than $50,000 a year are struggling to afford their regular mortgage or rent payments , with some resorting to skipping meals just to make ends meet, according to a Redfin survey. The survey, commissioned by the real estate firm, found that 74% of respondents earning under $50,000 either sometimes, regularly or greatly struggle with their housing costs. Around 25% of them have skipped meals to afford their monthly housing costs. According to the survey, skipping meals is one of the most commonly cited sacrifices among people in that income bracket. Among that income cohort, 43% said they were eating at restaurants less often and 36% were taking fewer vacations or nixing them altogether . About 25% said they were borrowing money from friends or family to stay afloat. About 23% also admitted that they sold some of their belongings to afford their housing payments and just more than 20% delayed or skipped medical treatments, according to
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News
- Redfin Reports Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage RatesBusiness Wire
- Redfin Survey: 18% of Home Hunters Say Safety/Crime is a Reason They’re Moving, 14% Cite Climate RisksBusiness Wire
- Homes With Low Natural Disaster Risk Are Rising in Value Faster Than Homes With High Risk for the First Time in Over a DecadeBusiness Wire
- Redfin Co. (NASDAQ: RDFN) had its "neutral" rating re-affirmed by analysts at DA Davidson. They now have a $7.25 price target on the stock.MarketBeat
- Redfin Reports Home Sales Sink Across Florida Amid Hurricane Recovery, Surging HOA and Insurance CostsBusiness Wire
RDFN
Earnings
- 11/7/24 - Miss
RDFN
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form S-3ASR
- 11/7/24 - Form 10-Q
- RDFN's page on the SEC website