Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in Over a Year and a Half
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
Redfin reports that existing home sales, which are a lagging indicator, fell to a seasonally adjusted annual rate of 4,023,067. That’s the lowest level on record aside from the start of the pandemic. SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales jumped 2.5% month over month in September on a seasonally adjusted basis, the largest increase since January 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They rose 3.1% year over year, the biggest annual increase since May 2021.Pending sales climbed last month for two reasons:Mortgage rates fell to the lowest level in two years, giving buyers more purchasing power.The Federal Reserve cut interest rates and outlined a plan for future rate cuts. Redfin agents say some house hunters jumped into the market because they assumed the Fed’s September 18 decision would cause mortgage rates to plunge. But by that point, much of the decline had already happened. Mortgage rates
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RDFN
Earnings
- 8/6/24 - Beat
RDFN
Sec Filings
- 8/28/24 - Form 4
- 8/27/24 - Form 4
- 8/23/24 - Form 144
- RDFN's page on the SEC website