RDFN Stock Recent News

Redfin stock surged on dovish-sounding remarks from the Federal Reserve chairman. However, the trajectory of central bank policy cannot be known with certainty.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Pending sales of starter homes climbed 10.2% year over year in July to the highest level since October 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This shows that there may be signs of life for first-time homebuyers at the lower end of an otherwise sluggish market. Pending sales of middle-price homes (where the sales price was in the 35th-65th percentile of the market) fell 6.5% in July compar.

Falling interest rates and the AI boom could drive a pair of stocks higher. Redfin should capitalize on the upcoming housing market recovery.

Fed Chair Jerome Powell made the case for lowering interest rates at a speech this morning. Real estate stocks like Redfin are likely to benefit from lower rates.

Redfin laid off employees on Wednesday, GeekWire has learned.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. monthly mortgage payment was $2,587 during the four weeks ending August 18, its lowest level since February and down 0.1% from a year earlier. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's a tiny drop, but it marks the first time in four years monthly payments have posted any decline at all. Housing payments are falling because mortgage rates are falling; weekly average m.

Lower rates could kick-start the slow real estate market, boosting companies like Redfin. With a deposit base that has grown rapidly, SoFi could be a big winner of lower funding costs.

Redfin Corporation (NASDAQ: RDFN) stock has gone through a rough patch in the past few years as concerns about the real estate industry have continued. It has dropped from a high of $98.22 in 2021 to $7.26.

Redfin's real estate businesses have struggled since 2022 because of rising interest rates. The company continues to deliver modest growth because it's taking market share in its brokering segment.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Two swing states—Arizona and Nevada—have not turned blue since the last presidential election, despite an influx of people moving in from California, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Instead, Arizona has lost more than 186,000 registered Democrats since 2020; Nevada has lost 54,000. Arizona's blue bleed was much bigger than its loss of about 74,000 registered Republicans over the past fou.