Welcome to our dedicated page for Redfin news (Ticker: RDFN), a resource for investors and traders seeking the latest updates and insights on Redfin stock.
Redfin Corporation (RDFN) combines technology and local expertise to modernize residential real estate services. This news hub provides investors and industry observers with essential updates about the company’s evolving business strategy, financial performance, and market position.
Track key developments through official press releases, SEC filings, and verified news coverage. Users will find timely updates on earnings reports, strategic partnerships, technology innovations, and operational milestones that shape Redfin’s role in the proptech sector.
This centralized resource offers curated information about Redfin’s core services including brokerage operations, mortgage solutions, and title services. Content is organized to help stakeholders monitor regulatory developments, leadership changes, and competitive positioning within real estate markets nationwide.
Bookmark this page for efficient access to Redfin’s latest corporate announcements. Check back regularly to stay informed about critical updates affecting one of real estate’s most technology-forward brokerage platforms.
Redfin (RDFN) reports significant migration trends in red and purple counties in key Senate election states. In 2021, red counties saw a gain of approximately 340,000 residents, while purple counties added around 289,000. These shifts resulted in increased diversity, with a slight rise in Hispanic, Black, and Asian populations. The report highlights potential shifts in voting patterns due to demographic changes, particularly in closely contested states like Georgia and Nevada. Overall, red and purple counties became more diverse since the pandemic, posing implications for the upcoming midterm elections.
Pending home sales in the U.S. experienced a significant decline of 35% year-over-year during the four weeks ending
This marks the lowest number of homes under contract for any October since 2015. Key indicators of homebuying activity include a rise in 30-year mortgage rates to 7.08% and a 42% year-over-year drop in mortgage purchase applications. The median home sale price is
Redfin reports a significant slowdown in home sales and new listings due to rising mortgage rates, now nearing 7%. Home sales have dropped over 30% year-over-year, while new listings are down almost 20%. Redfin economists advise caution for homebuyers, suggesting those who must buy now should avoid stretching their budgets. They recommend negotiating lower offers, especially for homes on the market for extended periods. The report emphasizes that cash buyers have a better negotiating position, while those in unstable job situations should consider renting.
Redfin Corporation (NASDAQ: RDFN) will disclose its third-quarter 2022 results on November 9, 2022, post-market close. A live webcast of the results discussion will begin at 1:30 p.m. PT / 4:30 p.m. ET, accessible via Redfin's Investor Relations website. Redfin, a tech-driven real estate firm, offers various services including brokerage and iBuying, and operates in over 100 markets in the U.S. and Canada. Since 2006, it has saved customers more than $1 billion in commissions.
Redfin reports a significant decline in the U.S. housing market, with pending home sales and new listings dropping sharply year-over-year, reflecting levels similar to
Redfin reports a dramatic 58% drop in pending home sales in the Cape Coral, FL metro area for the four weeks ending October 16, substantially outpacing the national average decline of 32%. Nearby areas Naples and North Port also saw significant decreases of 52% and 51% respectively. New listings fell 59% in Cape Coral, 53% in Naples, and 40% in North Port. Despite a surge in home prices, the overall housing market in Southwest Florida is cooling, impacted heavily by Hurricane Ian.
Redfin reported significant declines in the housing market for September, with home sales dropping by 25% year-over-year and new listings falling by 22%. Approximately 60,000 deals were canceled, representing 17% of contracts—the highest rate since March 2020. The median home-sale price was $403,797, an 8% increase year-over-year, despite a 0.5% month-over-month decrease. Rising mortgage rates have curtailed buyer demand, leading to fewer competitive offers. Redfin’s Economics Research Lead expects further deterioration in the housing market amid persistent inflation and ongoing interest rate hikes from the Federal Reserve.
Redfin reports significant shifts in the housing market as rising mortgage rates and changing buyer preferences have led to a fall in urban home prices. As of September 25, suburban homes are valued at
Redfin has expanded its services to Wilmington, North Carolina and Green Bay, Wisconsin, providing homebuyers and sellers access to experienced agents and innovative technology. Customers can utilize Redfin's platform for home searches, on-demand tours, and valuations. The company has saved clients over $1 billion in real estate commissions and operates in more than 100 markets across the U.S. and Canada. Redfin agents, who are salaried employees, offer services including digital marketing, professional photography, and competitive listing fees, enhancing overall customer experience.
