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Stock impact report

'I Live in Hell': Anti-Growth Fervor Grips US South After Pandemic Boom [BNN Bloomberg (Canada)]

Redfin Corporation (RDFN) 
Last redfin corporation earnings: 2/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.redfin.com/investor-relations
Company Research Source: BNN Bloomberg
homebuilding said she “lives in hell.” So many Californians have moved to the booming state that locals fear their lefty politics migrated with them, and lawn signs target the “greedy developers” they say are swallowing up farmland. Tennessee and several of its neighbors in the US South are facing an anti-growth backlash, after turbocharged migration helped boost the region's population by 2.7 million people — the size of Chicago. As traffic snarls in once-sleepy downtowns, apartment complexes replace meadows and municipal water systems strain under new demand, passions are running high in a way that goes beyond regular nimbyism. In Sumner County, where the Cumberland River snakes through the verdant hills northeast of Nashville, the economy grew by 8.5% a year from 2020 to 2022, putting it in the top 7% of all US counties for growth. The number of apartments in the county seat of Gallatin almost doubled in the four years through 2022, according to property marketplace RentCafe. Show less Read more
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