Redfin Reports Pending Home Sales Rise After Post-Election Surge in Home Tours
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
Pending sales posted a big year-over-year increase this week, partly because the boom in early-stage homebuying demand Redfin saw just after the election is translating to sales and partly because Redfin is comparing it to a period in 2023 that included Thanksgiving. SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. pending home sales rose 12.1% year over year during the four weeks ending November 24, the biggest increase since May 2021. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.One reason for the outsized increase is that early-stage homebuying demand, including home tours, boomed in the two weeks following the presidential election. But another notable reason is that Redfin is comparing it to a period in 2023 that included Thanksgiving, a time of year when home sales are typically very slow.Redfin will know in the next few weeks whether the increase in pending sales is a Thanksgiving mirage or a sign of sustained strengt
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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