Redfin Reports Renters on a $2,000 Budget Can Afford 70 More Square Feet Than They Could During the Pandemic—Enough for a Small Office
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
Renters are getting more bang for their buck thanks to the recent apartment construction boom, which has led to asking rents stabilizing below their pandemic peak SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A U.S. renter on a $2,000-a-month budget can afford an apartment that is more than 70 square feet larger today than it was when rents peaked in mid-2022. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.The median U.S. apartment asking rent in October was $1,615. That equates to a median price per square foot of $1.81, meaning the projected apartment size for a $2,000 budget would be 1,103 square feet.The median asking rent peaked at $1,700 in August 2022 when the typical apartment was listed at an all-time high of $1.94 per square foot, equating to a 1,029 square foot apartment for a $2,000 budget—74 square feet smaller than today. That’s the equivalent size of a small home office.Rental Budget(Monthly)ProjectedApartment Siz
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News
- Homebuyers With Kids Are Twice as Likely to Get Family Help for Down Payments Than Those Without KidsBusiness Wire
- Redfin Reports More Sellers Are Listing Their Homes, Hoping to Cash in on High Prices and Demand From BuyersBusiness Wire
- Existing Home Sales Rise to Highest Level in Over a Year and a HalfBusiness Wire
- Redfin Reports Older Americans Are More Likely to Buy Disaster-Prone Homes Than Younger AmericansBusiness Wire
- Redfin Reports Asking Rents for Newly Built Apartments Rise 1.5%, the Biggest Spike in 18 MonthsBusiness Wire
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