Redfin Reports Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride
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
U.S. investor home purchases fell 2% year over year in the third quarter, a much smaller change than the swings of the last several years. Purchases are now back near pre-pandemic levels. In Florida, investor purchases posted double-digit declines amid an ongoing climate and insurance crisis. SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors purchased 2.3% fewer homes in the third quarter than they did a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The small size of the change is notable because it comes after four years of huge swings driven by the wild pandemic-era housing market. For instance, investor purchases surged as much as 144% year over year in 2021, then dropped as much as 47% last year.Investor home purchases have settled near pre-pandemic levels of around 50,000 per quarter, with typical seasonal ups and downs. Investors bought 49,380 homes in the third quarter, compared with 50,535 last
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News
- More Than 1 in 5 Renters Say Their Entire Paycheck Goes to Rent: Redfin SurveyBusiness Wire
- 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
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- 11/7/24 - Miss
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- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/22/24 - Form 4
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