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
- Redfin Reports Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage RatesBusiness Wire
- Redfin Survey: 18% of Home Hunters Say Safety/Crime is a Reason They’re Moving, 14% Cite Climate RisksBusiness Wire
- Homes With Low Natural Disaster Risk Are Rising in Value Faster Than Homes With High Risk for the First Time in Over a DecadeBusiness Wire
- Redfin Co. (NASDAQ: RDFN) had its "neutral" rating re-affirmed by analysts at DA Davidson. They now have a $7.25 price target on the stock.MarketBeat
- U.S. Home Prices Rose 0.5% in October, Marking a Year of Consistent GrowthBusiness Wire
RDFN
Earnings
- 11/7/24 - Miss
RDFN
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form S-3ASR
- 11/7/24 - Form 10-Q
- RDFN's page on the SEC website