Redfin Reports Housing Market Stays Surprisingly Active As Election Looms and Mortgage Rates Hit 7%
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
Even with the impending presidential election and mortgage rates surpassing 7% for the first time since July, pending home sales posted their biggest increase in three years. But Redfin agents report some would-be homebuyers are pressing pause on starting their house hunt until the election passes SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Mortgage rates rose to 7% for the first time since early July this week, erasing their late-summer decline into the low-6% range. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rising rates, combined with economic uncertainty and anxiety brought on by the impending presidential election, are causing some prospective homebuyers and sellers to press pause. But the effect is smaller than expected.On the buying side, pending U.S. home sales rose 4.5% year over year during the four weeks ending October 27, the biggest increase in more than three years. On the selling side, new listings of homes
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News
- Redfin Reports The Number of Renter Households Is Growing Three Times Faster Than Homeowner HouseholdsBusiness Wire
- Redfin Survey: 38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential PickBusiness Wire
- Redfin Reports 28% of Houses For Sale Are Newly Built, the Lowest Share in 3 YearsBusiness Wire
- Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented, Redfin ReportsBusiness Wire
- Redfin Reports Roughly One-Third of Renters Have an Apartment That Costs Less Than $1,000 a Month—the Lowest Share on RecordBusiness 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