Redfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
Eight of the 50 most populous U.S. metros—including seven in Florida and Texas—recorded a drop in home prices year over year, led by Tampa (-6%) SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.4% from a month earlier in February on a seasonally adjusted basis, equal to the slowest pace since July 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices were up 5.1% on a year-over-year basis—the slowest pace since August 2023.Prices have grown between 0.4% and 0.6% month over month in 13 of the past 16 months.This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold.Redfin Senior Economist Sheharyar Bokhari said while home prices are rising stead
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