Redfin Reports Rents Flat Nationally in October, But Rising in East Coast and Midwest Metros
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
Virginia Beach, VA recorded the biggest rent increase, while Raleigh, NC posted the biggest decrease SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. asking rent barely moved in October, nudging up 0.2% year over year to $1,619. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 0.6% on a month-over-month basis.Rents have remained largely flat over the past two years, after a surge in demand during the pandemic led to a construction boom across a number of Sun Belt states.Depending on where you live in the country, however, you could be seeing very different rental markets—with some metros seeing asking rents rising by double digits, while others are seeing similar-sized falls.“New apartments are being completed at the fastest pace on record and that’s leading to rents falling in places like Tampa or Jacksonville, where supply now outweighs demand,” said Redfin Senior Economist Sheharyar Bokhari. “Const
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News
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RDFN
Earnings
- 11/7/24 - Miss
RDFN
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- RDFN's page on the SEC website