| This City Has the Newest Homes in America |
The median age of homes bought between 2012 and 2024 hit 36 years last year. That is up from 27 years in 2012. The primary reason for the aging housing inventory, according to Redfin, was the sharp drop in construction due primarily to the financial crisis and Great Recession in 2008. The data includes townhouses, condos, and single-family houses. 24/7 Wall St. Key Points: A recent analysis shows that fewer homes have built in the past two decades than in earlier ones. Provo, Utah, is the city with the newest homes. Take this quiz to see if you’re on track to retire. (sponsored) Redfin described the issue in more detail: “There have been fewer homes built in the past two decades in comparison to earlier decades. This is particularly true on the East Coast and in the Rust Belt, where the median age of sold homes can be more than 60 years.” It added that older houses tend to be less expensive than newer ones. The median cost of a home that was built over 30 years ago or more is 15% less expensive than the median price of all houses available today. One notable problem with older houses undermines their value. They tend to have older heating and cooling systems, as well as higher maintenance costs in general. “Older homes may cost less upfront, but the cost of repairing or replacing big ticket items can be a huge burden for buyers,” said Jerry Quade, a Redfin Premier agent in Cleveland. There is a wide gulf between the prices in cities with the oldest homes and those with the newest ones. In Provo, Utah, the city with the newest houses, the median age of a home is six years. For houses built in the past five years, the median price is $490,000. For houses over 30 years old, that price is $479,000. The gulf between newer and older houses in the American city with the oldest homes is significant. Those in Buffalo have a median age of 69 years. A home that is less than five years old has a median price of $527,500. For houses over 30 years old, the price is $249,000. The difference shows the erosion of price among homes that likely need extensive repairs. The Cities With the Newest Houses These are the cities with the newest houses, along with how much newer ones cost: City Median age Median price <5 years old Provo, Utah 6 years $490,000 Austin, Texas 8 years $420,000 Boise City, Idaho 8 years $499,516 San Antonio, Texas 8 years $310,000 Raleigh, N.C. 9 years $434,700 Traffic Congestion Is Holding Back the Economy in These Massive Cities The post This City Has the Newest Homes in America appeared first on 24/7 Wall St.. |
https://247wallst.com |
2025-05-16 14:31:52 |
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| Redfin Reports the 10 Most Expensive Home Sales of April |
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —A trio of neighboring properties in Naples, FL, made up three of April's most expensive home sales, including the most expensive: a beachfront estate that went for $133 million. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. All in all, six of last month's most expensive home sales were in coastal Florida, and two were in Beverly Hills, CA. A pair of luxury Manhattan condos, both on Billionaires'. |
businesswire.com |
2025-05-16 12:30:00 |
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| Redfin Reports Real Estate Agent Commissions Haven't Changed Much Since the NAR Settlement Took Effect |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The average buyer's agent commission was 2.40% for homes sold in the first quarter, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up slightly from 2.37% in the fourth quarter of 2024 and 2.36% in the third quarter of 2024—when the new National Association of Realtors (NAR) commissions rules went into effect—but down slightly from 2.43% in the first quarter of 2024, when the new rules were a. |
businesswire.com |
2025-05-16 12:00:00 |
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| Redfin Reports Economic Jitters, High Costs Stifle Spring Home Sales |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending U.S. home sales fell 3.4% year over year during the four weeks ending May 11 to their lowest level on record for this time of year aside from 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Would-be homebuyers are backing off for two main reasons. One, rising home-sale prices and elevated mortgage rates pushed this week's median monthly housing payment to $2,860, just $6 shy of the record. |
businesswire.com |
2025-05-15 12:00:00 |
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| Redfin and Magnite Join Forces to Give Advertisers Priority Access to Audience Targeting Across the Homebuying Journey |
NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- Redfin (NASDAQ: RDFN), the technology-powered real estate brokerage, has selected Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, as its preferred SSP to power data-driven deals. Leveraging Magnite's programmatic technology, Redfin can connect advertisers with exclusive real estate audiences at key moments in their home-buying journey. |
globenewswire.com |
2025-05-14 12:00:00 |
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| Redfin Report: 10 Places Where You Can Buy a Home For Under $300,000 |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Detroit, Cleveland, and Dayton, OH—all places where the median home-sale price is under $230,000—are the least expensive metro areas in the U.S. to buy a home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Four more places in the Rust Belt—Rochester, NY, Pittsburgh, Buffalo, NY and St. Louis—and three in the South—McAllen, TX, Baton Rouge, LA and El Paso, TX—round out Redfin's ranking of the 10 U.S. m. |
businesswire.com |
2025-05-13 12:00:00 |
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| Redfin Reports U.S. Asking Rents Fell 1% Year Over Year in April—Biggest Drop in 14 Months |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. asking rent fell 1% year over year to $1,625 in April, marking the biggest decline since February 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's $80 below the August 2022 record high of $1,705. On a month-over-month basis, the median U.S. asking rent rose 1.2% in April—typical for this time of year. “Asking rents are sluggish because there are more apartments for rent than. |
businesswire.com |
2025-05-12 12:30:00 |
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| The Homes Americans Are Buying Are Older Than Ever |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical home bought in the U.S. hit a record age of 36 years in 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's nine years older than the median age of homes purchased in 2012, highlighting how a lack of new construction over the past 15 years has fast-tracked the aging of America's housing stock. This is according to a Redfin analysis of MLS data on the age of homes bought between 2012. |
businesswire.com |
2025-05-12 12:00:00 |
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| Redfin Reports Demand For Vacation Homes Drops to Lowest Level Since at Least 2018 |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. homebuyers took out 86,604 mortgages for second homes in 2024, the lowest level in records dating back to 2018 and down 5% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is according to a Redfin analysis of Home Mortgage Disclosure Act (HMDA) data covering purchases of second homes, primary homes and investment properties from 2018 to 2024. The term “vacation home” is use. |
businesswire.com |
2025-05-08 12:30:00 |
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| Redfin Reports Record-High Costs, Economic Unease Are Stunting This Spring's Homebuying Season |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. monthly housing payment hit an all-time high of $2,868 during the four weeks ending May 4, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's due to two key factors: Home-sale prices are up 1.8% year over year, and the weekly average mortgage rate is 6.76%, down slightly from mid-April but elevated well above pandemic-era lows. Those record-high housing costs, along with widespread e. |
businesswire.com |
2025-05-08 12:00:00 |
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| Washington, D.C. Housing Inventory Jumps Record 25% Amid Federal Layoffs |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Active listings of homes for sale in Washington, D.C. jumped 25.1% year over year to the highest level since 2022 during the four weeks ending April 27—the largest gain on record. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, active listings nationwide rose 14.2%—the smallest increase since March 2024. New listings in Washington, D.C. increased 11.4% year over year to the highes. |
businesswire.com |
2025-05-07 12:30:00 |
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| Compared to Estimates, Redfin (RDFN) Q1 Earnings: A Look at Key Metrics |
The headline numbers for Redfin (RDFN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2025-05-07 00:00:41 |
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| Redfin (RDFN) Reports Q1 Loss, Tops Revenue Estimates |
Redfin (RDFN) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $0.69. This compares to loss of $0.57 per share a year ago. |
zacks.com |
2025-05-06 22:15:33 |
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| RDFN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Redfin Corporation Is Fair to Shareholders |
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Redfin Corporation (NASDAQ: RDFN) to Rocket Companies for 0.7926 shares of Rocket Companies Class A common stock for each share of Redfin common stock is fair to Redfin shareholders. Halper Sadeh encourages Redfin shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@. |
businesswire.com |
2025-05-06 12:03:00 |
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| Permits to Build U.S. Apartments Drop Below Pre-Pandemic Levels |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in the U.S. over the past year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down 27.1% from 17 units per 10,000 people during the pandemic building boom, and down 5.5% from 13.1 units in the years leading up to the pandemic. This is according to a Redfin analysis of U.S. Census Bureau data covering bui. |
businesswire.com |
2025-05-02 12:00:00 |
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| The Typical Home Seller Wants $39,000 More Than the Typical Buyer Is Willing to Pay |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The prices home sellers are asking for and the prices homebuyers are paying haven't been this out of whack since the start of the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The typical home for sale is listed for 9% more (or $38,672) than the typical home is selling for—the biggest gap since May 2020. Redfin's report is based on home listing and sale price data in March, when the typical. |
businesswire.com |
2025-04-29 12:30:00 |
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| Redfin to Announce First-Quarter 2025 Results on May 6, 2025 |
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2025 results after the stock market closes on Tuesday, May 6, 2025. Given the pending acquisition of Redfin by Rocket Companies (NYSE: RKT) that was announced on March 10, 2025, Redfin will not be holding a conference call or live webcast to discuss Redfin's quarterly financial results. The financial results press release will be accessible on Redfin's Investor Relations website at http://investors.redfin.com. |
businesswire.com |
2025-04-22 20:00:00 |
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| Redfin Reports U.S. Home Prices Ticked Up 0.2% in March, the Slowest Pace Since 2022 |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices ticked up 0.2% from a month earlier in March on a seasonally adjusted basis, the slowest pace since December 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices were up 4.6% on a year-over-year basis, down from 5.1% growth in February. That's the 11th consecutive month that annual growth has slowed and the first time it dipped below 5% since August 2023. This is according. |
businesswire.com |
2025-04-22 12:00:00 |
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| 44% of Home Sellers Are Giving Concessions to Buyers—Just Shy of the Highest Level on Record |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sellers gave concessions to buyers in 44.4% of U.S. home-sale transactions in the first quarter, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up from 39.3% a year earlier, and is just shy of the 45.1% record high at the start of 2023. This is based on an analysis of data submitted by Redfin buyers' agents across the country, covering rolling three-month periods from 2019 to present. A. |
businesswire.com |
2025-04-21 12:00:00 |
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| 24% of Americans are Scrapping Plans to Make a Major Purchase Like a Home or Car Due to Tariffs: Redfin Survey |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in four (24%) U.S. residents are canceling plans to make a major purchase, such as a home or a car, because of President Trump's new tariff policies, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. An additional one in three (32%) are delaying plans to make a major purchase. That's according to a Redfin-commissioned survey conducted by Ipsos between April 10-14, 2025. The nationally repre. |
businesswire.com |
2025-04-17 12:30:00 |
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| Redfin CEO addresses ‘painful' restructuring; stock dips 11% after Q4 earnings miss expectations |
This story originally appeared on Real Estate News. |
geekwire.com |
2025-02-27 22:06:53 |
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| Redfin (RDFN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates |
While the top- and bottom-line numbers for Redfin (RDFN) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2025-02-27 21:30:21 |
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| Redfin (RDFN) Reports Q4 Loss, Tops Revenue Estimates |
Redfin (RDFN) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.20 per share a year ago. |
zacks.com |
2025-02-27 20:15:28 |
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| Redfin Revenue Rises, EPS Lags Behind |
Redfin (RDFN -8.83%), a technology-centered real estate brokerage, released its earnings for the fourth quarter of 2024 on Feb. 27, 2025. Significant revenue growth was the highlight, reaching $244.3 million, which outpaced analyst expectations of $242 million, and marked a 12.0% increase compared to the same quarter the previous year. |
fool.com |
2025-02-27 18:48:47 |
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| Redfin Reports Home-Price Growth Slows as Mortgage Rates Dip to Lowest Level in Over 2 Months |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23, the smallest increase since September. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Mortgage rates have declined to their lowest level in more than two months, dipping from 7.13% to 6.78% in the last two weeks alone and upping buyers' purchasing power by thousands of dollars. Mortgage rates. |
businesswire.com |
2025-02-27 10:30:00 |
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| Redfin Reports the Typical Buyer's Down Payment is 16% of the Home's Price |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homebuyer's down payment was equal to 16.3% of the purchase price in December, up from 15% a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In dollar terms, the typical homebuyer's down payment was $63,188. That's up 7.5% from a year earlier, the biggest increase in five months. The data in Redfin's report is from the company's analysis of county records across 40 of the. |
businesswire.com |
2025-02-25 10:30:00 |
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| Could Zillow buy Redfin? New rentals partnership brings real estate rivals closer together |
Zillow Group and Redfin are long-time competitors. |
geekwire.com |
2025-02-24 19:37:50 |
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| Unlocking Q4 Potential of Redfin (RDFN): Exploring Wall Street Estimates for Key Metrics |
Evaluate the expected performance of Redfin (RDFN) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight. |
zacks.com |
2025-02-24 12:22:15 |
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| Redfin Reports Florida Condo Prices Are Holding Up Best Away From the Coast |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median condo sale price in Inland Florida rose 5.4% year over year on average in January, compared with a 4.8% decrease on Florida's Gulf Coast and a 3% drop on the Atlantic Coast, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Inland Florida's condo prices rose even more than its single-family home prices, which climbed 3.7%. This is based on a Redfin analysis of MLS data in Florida metro areas wh. |
businesswire.com |
2025-02-24 10:30:00 |
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| Redfin Report: A Minimum-Wage Worker Would Have to Work 106 Hours a Week to Afford the Typical U.S. Apartment |
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The average minimum-wage earner in the U.S. would have to work 106 hours per week to afford the $1,599 median-priced apartment. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's report is based on an analysis of median asking rents as of the three months ending Jan. 31, 2025, and 2024 annual wage data. We define an apartment as affordable if a renter making minimum wage spends 30% of their. |
businesswire.com |
2025-02-24 10:00:00 |
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| Redfin Corporation VPPA Violation - Levi & Korsinsky, LLP Launches Investigation |
NEW YORK, NY / ACCESS Newswire / February 21, 2025 / Levi & Korsinsky, LLP is investigating potential claims on behalf of individual account holders who subscribed to Redfin Corporation's Website (https://www.redfin.com/) and watched pre-recorded video content through the Redfin Corporation Website. Levi & Korsinsky, LLP's investigation indicates that legally protected data may have been unlawfully intercepted during visits to the Redfin Corporation Website, particularly affecting customers who subscribed and watched pre-recorded video content on the Redfin Corporation Website. |
accessnewswire.com |
2025-02-21 14:15:00 |
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| Redfin Report: The 10 Most Expensive Home Listings in the U.S. |
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Half of the nation's 10 most expensive home listings are in coastal Florida, three are in Southern California, one is in New York City and one is in Lake Tahoe. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. All 10 listings are asking more than $100 million—and two are asking more than $200 million. Though many Florida residents are grappling with the increasing frequency of natural disasters an. |
businesswire.com |
2025-02-21 10:00:00 |
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| Redfin Corporation VPPA Violation - Levi & Korsinsky, LLP Launches Investigation |
NEW YORK CITY, NY / ACCESS Newswire / February 20, 2025 / Levi & Korsinsky, LLP is investigating potential claims on behalf of individual account holders who subscribed to Redfin Corporation's Website(https://www.redfin.com/) and watched pre-recorded video content through the Redfin Corporation Website. Levi & Korsinsky, LLP's investigation indicatesthat legally protected data may have been unlawfully intercepted during visits to the Redfin Corporation Website, particularly affecting customers who subscribed and watched pre-recorded video content on the Redfin Corporation Website. |
accessnewswire.com |
2025-02-20 14:30:00 |
Czytaj oryginał (ang.) |
| Earnings Preview: Redfin (RDFN) Q4 Earnings Expected to Decline |
Redfin (RDFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-02-20 13:06:16 |
Czytaj oryginał (ang.) |
| Levi & Korsinsky, LLP Investigates Redfin Corporation VPPA Violation |
NEW YORK, NY / ACCESS Newswire / February 19, 2025 / Levi & Korsinsky, LLP is investigating potential claims on behalf of individual account holders who subscribed to Redfin Corporation's Website (https://www.redfin.com/) and watched pre-recorded video content through the Redfin Corporation Website. Levi &Korsinsky, LLP's investigation indicates that legally protected data may have been unlawfully intercepted during visits to the Redfin Corporation Website, particularly affecting customers who subscribed and watched pre-recorded video content on the Redfin Corporation Website. |
accessnewswire.com |
2025-02-19 14:45:00 |
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| It's a Buyer's Market. For Many Homebuyers, It Doesn't Feel Like It |
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The U.S. housing market has tilted in favor of buyers for the first time this decade, with 3.7 months of for-sale supply sitting on the market in January. That's the most since February 2019 and up from 3.3 months a year ago, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It's worth noting that the picture looks different across different areas of the country, with buyers favored across Sun Belt metros. |
businesswire.com |
2025-02-19 10:00:00 |
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| Redfin Reports U.S. Home Prices Grew 0.6% in January |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices rose 0.6% from a month earlier in January on a seasonally adjusted basis, a tick faster than the 0.5% growth experienced each of the three months prior. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The last month that home prices grew at a quicker pace was November 2023 (0.7%). This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method. |
businesswire.com |
2025-02-18 15:13:00 |
Czytaj oryginał (ang.) |
| Redfin Corporation VPPA Violation under Investigation by Levi & Korsinsky, LLP |
NEW YORK, NY / ACCESS Newswire / February 18, 2025 / Levi & Korsinsky, LLP is investigating potential claims on behalf of individual account holders who subscribed to Redfin Corporation'sWebsite(https://www.redfin.com/) and watched pre-recorded video content through the Redfin CorporationWebsite. Levi & Korsinsky, LLP's investigation indicates that legally protected data may have been unlawfully intercepted during visits to the Redfin Corporation Website, particularly affecting customers who subscribed and watched pre-recorded video content on the Redfin Corporation Website. |
accessnewswire.com |
2025-02-18 14:30:00 |
Czytaj oryginał (ang.) |
| Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Still, all-cash sales made up a bigger piece of the homebuying pie than before the pandemic, when the share ranged from 25% to 30%. Redfin's report is based on its analysis of county-level home purchase reco. |
businesswire.com |
2025-02-18 10:00:00 |
Czytaj oryginał (ang.) |
| Levi & Korsinsky, LLP Announces Investigation of Redfin Corporation for VPPA Violation |
NEW YORK CITY, NY / ACCESS Newswire / February 17, 2025 / Levi & Korsinsky, LLP is investigating potential claims on behalf of individual account holders who subscribed to Redfin Corporation's Website (https://www.redfin.com/) and watched pre-recorded video content through the Redfin Corporation Website. Levi &Korsinsky, LLP's investigation indicatesthat legally protected data may have been unlawfully intercepted during visits to the Redfin Corporation Website, particularly affecting customers who subscribed and watched pre-recorded video content on the Redfin Corporation Website. |
accessnewswire.com |
2025-02-17 14:30:00 |
Czytaj oryginał (ang.) |
| Redfin Reports New Listings Rise 8%, Giving the New Year's Buyers More Homes to Choose From |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings increased 8% year over year during the four weeks ending December 29, while the total number of homes for sale rose 10%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin is taking a break from analysis this week, but please see the tables below for the latest housing-market data. Redfin will be back with full commentary next week. For Redfin economists' takes on the housing market, pl. |
businesswire.com |
2025-01-03 10:00:00 |
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| Redfin Reports Housing Supply Just Hit a Four-Year High, Partly Because So Many Homes Are Sitting on the Market Unsold |
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Active listings—the total number of homes for sale—climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month over month and 12.1% year over year. For all the talk of America's housing shortage, one would think that's great news. But the story is nuanced, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A major reason for the jump in supply is a pileup of unsold. |
businesswire.com |
2024-12-30 10:30:00 |
Czytaj oryginał (ang.) |
| America's Renters Are Moving Less Than Ever, With a Third Staying in the Same Home for at Least 5 Years |
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — A third (33.6%) of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While the majority of renters move within five years—including 25.6% moving within 12 months and 40.8% moving between 1-4 years—the soaring cost of buying a home has pushed many to stay put for longer. The high cost of moving, or paying r. |
businesswire.com |
2024-12-30 10:00:00 |
Czytaj oryginał (ang.) |
| Redfin Reports Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Active listings climbed 12% year over year during the four weeks ending December 22, though that was the smallest increase since March, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin is taking a break from analysis this week, but please see the tables below for the latest housing-market data. Redfin will be back with full commentary after the holidays. Note: Some metrics are showing weakness com. |
businesswire.com |
2024-12-27 10:00:00 |
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| Redfin Reports U.S. Home Prices Rose 0.5% in November |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.5% from a month earlier in November on a seasonally adjusted basis, the third consecutive month with a 0.5% increase. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, home prices rose 5.7%, the lowest annual increase since October 2023. November was the sixth-consecutive month where annual price growth slowed and the second-consecutive month where. |
businesswire.com |
2024-12-24 10:00:00 |
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| Redfin Reports Home Sales Surge by Double Digits in Pricey West Coast Markets |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — In Portland, OR, home sales jumped 27.6% year over year in November—the biggest increase among the 50 most populous U.S. metropolitan areas, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It was followed by five other pricey West Coast metros: San Jose, CA (26.2%), Seattle (19.5%), San Francisco (17.7%), Sacramento, CA (17.6%) and San Diego (15.2%). By comparison, nationwide home sales rose just 4.8%. |
businesswire.com |
2024-12-23 10:00:00 |
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| Redfin Reports More Sellers Are Listing Their Homes, Hoping to Cash in on High Prices and Demand From Buyers |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings of homes for sale are up 7.6%, the biggest year-over-year increase since June (except the four weeks ending November 24, when the increase was inflated due to Thanksgiving), according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is based on data from the four weeks ending December 15. There are several reasons more sellers are putting their homes on the market. One, home prices are high; the. |
businesswire.com |
2024-12-19 10:00:00 |
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| Why one of the biggest U.S. mortgage lenders expects housing demand to double in 2025 |
Home buyers are expected to see more for-sale listings and lower mortgage rates in 2025. |
marketwatch.com |
2024-12-18 16:22:00 |
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| Existing Home Sales Rise to Highest Level in Over a Year and a Half |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Existing home sales rose 0.7% month over month in November to a seasonally adjusted annual rate of 4,269,85—the highest level since March 2023. They jumped 4.5% year over year—the largest annual increase since July 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A seasonally adjusted annual rate is not a measurement of actual total sales for the year, but rather, the pace of sales at a given time. |
businesswire.com |
2024-12-18 10:00:00 |
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| Redfin Reports Older Americans Are More Likely to Buy Disaster-Prone Homes Than Younger Americans |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Older Americans are more likely than younger Americans to buy homes in places with significant climate risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Over one-third (36.9%) of home purchases made by people 65 and older last year were in counties with high risk of extreme heat, compared with less than one-third (32.3%) of home purchases made by people under 35. The trend holds true for flood and f. |
businesswire.com |
2024-12-16 10:30:00 |
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| Renters Are Less Likely Than Homeowners to Feel a Sense of Belonging in Their Neighborhood |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Less than half (46.7%) of U.S. renters feel a sense of belonging in their neighborhood, compared with almost two-thirds (63.6%) of homeowners, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. Just 38.9% of renters feel they have things in common with their neighbors, compared with 58.5% of homeowners. And renters are more likely to avoid neighbors; 41.6% try to avoid interacting with their neighbors, ver. |
businesswire.com |
2024-12-13 10:00:00 |
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| Redfin Reports Asking Rents Fall 0.7% to Lowest Level Since March 2022 |
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent fell 0.7% year over year in November to $1,595, the lowest level since March 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 1.1% on a month-over-month basis. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in August 2022. Highlighting improved rental affordability, November marked the 19th consecutive month where the. |
businesswire.com |
2024-12-11 10:00:00 |
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| Deck the Halls with Redfin Redesign |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Decking the halls just got a lot easier with a little help from Redfin Redesign. Home buyers and homeowners alike can now use Redfin's AI-powered home design tool to transform home images with holiday decor inspiration. In the time it takes to hang a stocking, you can add inviting features like lights and garlands to a home listing or identify the perfect spot to hang seasonal decor in your own living room. By leveraging Roomvo's cutting-edge AI techno. |
businesswire.com |
2024-12-05 11:41:00 |
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| Redfin Reports More Buyers Are Touring Houses, Applying For Mortgages As We Enter 2024's Home Stretch |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin's Homebuyer Demand Index is sitting near its highest level since September 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's Homebuyer Demand Index—a seasonally adjusted measure of tours and other buying services from Redfin agents—is up 7% year over year. Mortgage-purchase applications are up 17% month over month to their highest level since late January. Pending home sales rose 6.5. |
businesswire.com |
2024-12-05 10:00:00 |
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| Redfin Reports Pending Home Sales Rise After Post-Election Surge in Home Tours |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. pending home sales rose 12.1% year over year during the four weeks ending November 24, the biggest increase since May 2021. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. One reason for the outsized increase is that early-stage homebuying demand, including home tours, boomed in the two weeks following the presidential election. But another notable reason is that Redfin is comparing it to a. |
businesswire.com |
2024-11-27 15:49:00 |
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| Rents likely to come down in 2025, says Redfin CEO Glenn Kelman |
Glenn Kelman, Redfin CEO, joins 'Money Movers' to discuss home sales and the state of the housing market. |
youtube.com |
2024-11-22 14:01:35 |
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| More Than 1 in 5 Renters Say Their Entire Paycheck Goes to Rent: Redfin Survey |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over one in five (22%) U.S. renters say all of their regular income goes directly to paying their rent, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. Working a second job is also a fairly common way for renters to pay housing costs, with 20% of renters citing that method. Nearly the same share (19%) say they have worked a job they hated to afford rent. One in seven (14%) renters have used a cash. |
businesswire.com |
2024-11-22 10:30:00 |
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| Redfin Reports Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors purchased 2.3% fewer homes in the third quarter than they did a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The small size of the change is notable because it comes after four years of huge swings driven by the wild pandemic-era housing market. For instance, investor purchases surged as much as 144% year over year in 2021, then dropped as much as 47% last year. In. |
businesswire.com |
2024-11-22 10:00:00 |
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| Redfin Reports Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage Rates |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates for the second time in a row. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The number of people contacting Redfin agents for help buying and/or selling their home is up by double digits from a year ago. Redfin's Homebuyer Demand Index–a seasonally adjusted measure of those contacts–rose 1. |
businesswire.com |
2024-11-21 10:00:00 |
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| Redfin Survey: 18% of Home Hunters Say Safety/Crime is a Reason They're Moving, 14% Cite Climate Risks |
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in seven (13.7%) home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move in the next year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Even more (17.5%) say a concern for safety/crime is prompting them to move. That's according to a Redfin-commissioned survey conducted by Ipsos in September 2024. The survey was fielded to 1,802 U. |
businesswire.com |
2024-11-20 10:30:00 |
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