Redfin Reports Home Sales Sink Across Florida Amid Hurricane Recovery, Surging HOA and Insurance Costs
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
The five U.S. metro areas where pending sales are falling most are all in Florida, though the declines are easing in some metros following a destructive hurricane season SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.In Fort Lauderdale, pending sales dropped 15.2% year over year during the four weeks ending November 10—the biggest decline among the U.S. metropolitan areas Redfin analyzed. Next came Miami (-14%), West Palm Beach (-13.8%), Jacksonville (-9.5%) and Tampa (-7.2%). Nationwide, pending sales rose 4.7% over the same period.Florida’s housing market has been slowing for months as residents grapple with frequent natural disasters, along with a surge in home insurance costs and HOA fees fueled by intensifying climate risk. The latest shoe to drop was an especially devastating hurricane se
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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