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Stock impact report

Rexford Industrial Realty, Inc. (REXR): This High Growth Real Estate Stock Is Profitable In 2024 [Yahoo! Finance]

Rexford Industrial Realty, Inc. (REXR) 
Last rexford industrial realty, inc. earnings: 2/11 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.rexfordindustrial.com
Company Research Source: Yahoo! Finance
Real Estate Sector at a Glance: Recent Updates In the week ended October 4, the average contract rate on a 30-year fixed-rate mortgage rose 22 basis points as stated by the Mortgage Bankers Association which marks the highest weekly increase in more than a year. As the 30-year fixed rate hit 6.36%, applications to refinance a home loan dropped 9% for the week while applications for a mortgage to purchase a home were reported to be flat, declining by 0.1% from the prior week. Relative to 1 year ago, refinance applications were up 159% and purchase applications were up 8%. With the Fed cutting rates, many homebuyers who were on the sidelines for long are returning to the market with a rise in homebuying demand and purchase applications. Glenn Kelman, Redfin CEO, believes the Fed rate cut was late for the current season to have a major impact but would help many homebuyers in 2025. He told CNBC that only 2.5% of American homes changed hands within the last 12 months which indicates Show less Read more
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