RDFN Stock Recent News

A growing number of older Americans are choosing to age in place rather than downsize their homes, which is contributing to a nationwide housing shortage.

A new survey by Redfin reveals that according to real estate agents, one-third of American homebuyers are taking states' politics into consideration when choosing where to live. Redfin Chief Economist Daryl Fairweather joins Yahoo Finance Live to break down the survey data and how this trend could impact the housing sector in some states.

A Thursday report from Redfin explained the recent drop in home sales is in part caused by severe winter weather across the country.

Daryl Fairweather, Redfin chief economist, joins 'Money Movers' to discuss whether January's homebuilder sentiment moves the needle for affordability, how the home supply dynamic may shift during the year, and more.

Having increased seemingly month on month since the back-end of 2021, it looks like mortgage rates might finally be cooling. The 30-year fixed-rate average has fallen from a high of 7.79% at the start of November to 6.62% last week, and expectations are for this downward trend to continue through 2024.

Redfin has been leading the war on real estate fees, but its most exciting period could be just ahead. Management has done a great job of recovering from pandemic-era missteps.

There's finally a glimmer of hope for the housing market, according to Redfin. Demand has picked up and mortgage payments are falling, the real-estate brokerage said.

Redfin jumped after U.S. Federal Reserve officials not only held rates steady but also indicated at least three rate cuts in 2024. Mortgage rates have already dropped significantly in response to the news.

Daily average mortgage rates have fallen to 6.82%, marking the first time daily rates have come in below 7% since July, and housing payments are at the lowest level seen since April, according to a new report from real estate firm Redfin Corp (NASDAQ:RDFN). Per the report, the daily average 30-year fixed mortgage rate is at its lowest level since May but is up from 6.39% from this time last year.

The Dow Jones Industrial Average hit a market low on March 20, 2020 as the pandemic gripped the country. Afterwards it went on an amazing bull run that, despite last year's bear market, still saw the venerable index gain 90%.