Redfin Reports Buying a Home Just Got More Affordable for the First Time Since 2020
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: Business Wire
Buyers need to earn $115,000 to afford the typical U.S. home, down 1% year over year. Still, the typical household only earns $84,000—27% less than it needs. SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. homebuyers need to earn an annual income of $115,454 to afford the median priced home ($433,101), according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down 1.4% year over year—the first annual decline since June 2020, when mortgage rates set a new record low.The income needed to afford a home fell because mortgage rates posted their first annual decline in three years. The average interest rate on a 30-year mortgage dropped to 6.5% in August from 7.07% a year earlier, and has since fallen further, now sitting at 6.09%.This is based on a Redfin analysis of the estimated median U.S. household income and median monthly housing payments as of August 2024. References to the “median-priced” home in August refer to the median sale pric
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News
- Redfin Remains Troubled [Seeking Alpha]Seeking Alpha
- Redfin Reports Asking Rents for New Apartments Drop 6% to Lowest Level Since 2022, as Finished Buildings SoarBusiness Wire
- Redfin Reports Buyers Are Coming Back: Mortgage Demand Shoots Up, Home Tours Hit Highest Level Since MayBusiness Wire
- Redfin Reports Bay Area Homebuyers Stand to Save Thousands on Monthly Payments Following Mortgage-Rate DeclineBusiness Wire
- Half of All Home Listings Have Gone Extra Stale, Unsold After 60 Days on MarketBusiness Wire
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