Redfin Reports Roughly One-Third of Renters Have an Apartment That Costs Less Than $1,000 a Month—the Lowest Share on Record
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
40% of renters that pay under $1,000 a month have lived in their apartments for five years or more—a higher share than renters in all other price brackets SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Less than one-third (32.1%) of renter households pay under $1,000 in monthly rent—the lowest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from 35.2% in 2022 and 50.4% in 2012.The lion’s share (47.9%) of renter households pay between $1,000 and $1,999, while 14.4% pay $2,000-$2,999 and 5.7% pay $3,000 or more.Redfin’s report is based on an analysis of U.S. Census Bureau data released this month, and covers U.S. apartments in buildings with five or more units. The most recent year for which the Census has data is 2023. Historical rents are inflation-adjusted to represent 2023 dollars.Rents skyrocketed during the pandemic moving frenzy and then stabilized near their record high, which is why the share of renta
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News
- Redfin Reports The Number of Renter Households Is Growing Three Times Faster Than Homeowner HouseholdsBusiness Wire
- Redfin Survey: 38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential PickBusiness Wire
- Redfin Reports 28% of Houses For Sale Are Newly Built, the Lowest Share in 3 YearsBusiness Wire
- Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented, Redfin ReportsBusiness Wire
- Redfin Reports Housing Market Stays Surprisingly Active As Election Looms and Mortgage Rates Hit 7%Business 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