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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US:NASDAQ Investor Relations:
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 Housing Supply Just Hit a Four-Year High, Partly Because So Many Homes Are Sitting on the Market UnsoldBusiness Wire
- America’s Renters Are Moving Less Than Ever, With a Third Staying in the Same Home for at Least 5 YearsBusiness Wire
- Redfin Reports Housing Supply Ends 2024 On the Rise, Up 12% Year Over YearBusiness Wire
- Redfin Reports U.S. Home Prices Rose 0.5% in NovemberBusiness Wire
- Redfin Reports Home Sales Surge by Double Digits in Pricey West Coast MarketsBusiness Wire
RDFN
Earnings
- 11/7/24 - Miss
RDFN
Sec Filings
- 12/27/24 - Form 4
- 12/23/24 - Form 144
- 11/26/24 - Form 4
- RDFN's page on the SEC website