Redfin Reports Asking Rents Fall 0.7% to Lowest Level Since March 2022
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: Business Wire
Cleveland recorded the biggest rent increase, while Austin, TX posted the biggest decrease SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. asking rent fell 0.7% year over year in November to $1,595, the lowest level since March 2022. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 1.1% on a month-over-month basis.The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in August 2022.Highlighting improved rental affordability, November marked the 19th consecutive month where the median asking rent price per square foot (PPSF) fell year over year, down 2.2% to $1.79. That’s the first time the median PPSF has been below $1.80 since November 2021.While the rental market has remained essentially flat over the past two years, rents have started to tick down slightly in recent months, thanks in part to the record number of new apartments that have been completed this year.Nationally,
Show less
Read more
Impact Snapshot
Event Time:
RDFN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RDFN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RDFN alerts
High impacting Redfin Corporation news events
Weekly update
A roundup of the hottest topics
RDFN
News
- Homebuyers With Kids Are Twice as Likely to Get Family Help for Down Payments Than Those Without KidsBusiness Wire
- Redfin Reports More Sellers Are Listing Their Homes, Hoping to Cash in on High Prices and Demand From BuyersBusiness Wire
- Existing Home Sales Rise to Highest Level in Over a Year and a HalfBusiness Wire
- Redfin Reports Older Americans Are More Likely to Buy Disaster-Prone Homes Than Younger AmericansBusiness Wire
- Redfin Reports Asking Rents for Newly Built Apartments Rise 1.5%, the Biggest Spike in 18 MonthsBusiness Wire
RDFN
Earnings
- 11/7/24 - Miss
RDFN
Sec Filings
- 11/26/24 - Form 4
- 11/25/24 - Form 144
- 11/22/24 - Form 4
- RDFN's page on the SEC website