Redfin Reports Home Prices Are Falling in 11 of the 50 Most Populous U.S. Metros, the Most in 19 Months
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
Nationwide, home prices are up 2.1% year over year, the slowest growth rate in nearly two years SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median home-sale price declined year over year in 11 of the 50 most populous U.S. metro areas during the four weeks ending April 20, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The last time home prices dropped in that many metros was over a year and a half ago, in September 2023. Prices declined most in San Antonio (-3.7%), Oakland, CA (-3.5%), and Jacksonville, FL (-2.2%). The other places where prices fell were Phoenix, Austin, TX, Dallas, Orlando, Sacramento, CA, Fort Worth, TX, Portland, OR and Nashville, TN.Nationwide, the median home-sale price rose 2.1% year over year, the slowest growth rate since July 2023.Home prices are falling in many major metros—and price growth is decelerating nationally—because many house hunters are backing off, but the number of homes for sale is holdin
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