RDFN Stock Recent News

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. monthly housing payment is $2,686, the highest level in nearly seven months, as of the four weeks ending January 19. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing costs are high because of rising mortgage rates and home prices: The weekly average mortgage rate is 7.04%, the highest level since May, and the median U.S. home-sale price is up 5% year over year. High housing.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Renters need to earn $63,680 to afford the median asking rent for a U.S. apartment ($1,592), the lowest amount needed since March 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down 0.4% from a year ago and a drop of 6.4% from August 2022 when the median asking rent hit an all-time high of $1,700. Back then, a renter would have had to earn $68,000 to afford the typical apartment—nearly $5,.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.4% from a month earlier in December on a seasonally adjusted basis, slightly faster than the 0.5% growth posted in November. 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 closed the 2024 calendar year up 5.4%. That was the smallest annual increase in a calendar year since 2015 and the second smallest since 2013. This is according to.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home prices rose from a year earlier in all 50 of the most populous U.S. metropolitan areas in December—the first time that has occurred since May 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, home prices rose in 41 metros in December 2023. “Places that have long been known as affordable places to live, like Cleveland and Milwaukee, are now seeing double-digit price increases—and.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Roughly one of every seven (14%) homes within the perimeters of the Palisades and Eaton fires in the Los Angeles area have been destroyed or damaged. That's a total of 6,354 homes; of those, 5,449 (86%) were destroyed, and 905 (14%) were damaged. This is according to a new analysis from Redfin (redfin.com), the technology-powered real estate brokerage. Zooming out to all of Los Angeles County, 0.17% of all homes were destroyed or damaged by the Palisad.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis—the largest decline since October 2022—and dropped 2.3% year over year. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Homebuyer demand dipped at the end of the year because mortgage rates jumped. After inching downward at the beginning of the month, mortgage rates reversed course halfway through December a.

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"LA is going to look completely different" after it is rebuilt, Redfin CEO Glenn Kelman says.

Redfin CEO Glenn Kelman joins CNBC's The Exchange to discuss the impact of California wildfires on real estate, allegations of landlords price-gouging on rents, and more.