Redfin Reports The Number of Renter Households Is Growing Three Times Faster Than Homeowner Households
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
San Jose, CA, Los Angeles and San Diego have the highest shares of renter households, while Cape Coral, FL, Charleston, SC and Columbia, SC have the lowest SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That rate of growth is three times faster than the 0.9% increase in homeowner households, which now total a record 86.9 million.The 2.7% increase—representing 1.18 million additional renter households—was the second fastest pace since 2015, only trailing the first quarter’s 2.8% rate.Renter households have formed faster than homeowner households for the past four quarters as the cost of buying a home rose faster than the cost of renting.The median asking rent was up 0.6% year over year in September, but rents have remained largely flat for the past two years—becoming more afforda
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RDFN
News
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- Redfin Reports Housing Market Stays Surprisingly Active As Election Looms and Mortgage Rates Hit 7%Business 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