$RDFN News

Last published 2mo ago

2mo agoZ RDFNZillow and Redfin settle FTC antitrust caseTechCrunch
5mo agoGOOGL NWS Z RDFNRealtor.com Launches RealAssist AI Powered by Google GeminiGoogle Cloud Press Corner
1y agoOPEN Z CVNA IREN+2The investor behind Opendoor's 190% run nearly shut down his fundCNBCEric Jackson has been posting obsessively about Opendoor as part of an effort to spark a rally in shares of the online real estate service.
1y agoRDFN26% Fewer Canadians Are Searching For Homes in the U.S. Than Last YearBusiness WireThe number of Redfin.com users based in Canada searching for U.S. homes to rent or buy fell 26.4% from a year earlier in May. That's a sign that fewer Canadians are moving south of the border or seeking vacation homes
1y agoRDFNRedfin Reports New Listings, Pending Sales Fall As Home Prices Hit Another All-Time HighBusiness WireNew listings are down 1% year over year, the first decline in nearly six months, with would-be sellers taking notice of slow demand. The weekly average mortgage rate also fell to 6.67%, its lowest level since early
1y agoRDFNCondo Prices Dropped 2% in May—the Second Largest Decline on RecordBusiness WireRedfin reports condo prices fell amid increasing HOA fees and insurance costs, while single-family home prices rose 0.5% (NASDAQ:RDFN) — The median U.S. condo sale price fell 2.2% year over year to $354,100 in May—the
1y agoRDFNRedfin Reports New Listings Lose Steam, Pending Sales Fall As Home Prices Hit Another Record HighBusiness WireWould-be sellers are pulling back as it becomes more clear the housing market is tilting in buyers' favor in much of the country (NASDAQ:RDFN) — New listings of U.S. homes for sale are up 2.5% from a year ago, the
1y agoRDFNMay's 10 Most Expensive Home SalesBusiness WireRedfin reports all of last month's most expensive home sales were in Southern California, Florida or Manhattan (NASDAQ:RDFN) —A Bel Air estate was the most expensive home sale of May, fetching $110 million, according
1y agoRDFNU.S. Home Prices Edged Down 0.1% in May, Only the Fourth Monthly Drop in the Past DecadeBusiness WireRedfin reports 32 of the 50 most populous U.S. metros recorded a drop in home prices month over month (NASDAQ:RDFN) — U.S. home prices edged down 0.1% in May on a seasonally adjusted basis, according to a new report
1y agoRDFNRedfin Reports 6% of Today's Home Sellers Are at Risk of Selling at a LossBusiness WireThis is up from 4.4% a year ago, but still historically low. The risk of selling at a loss varies significantly in different parts of the country; nearly 20% of sellers are at risk of losing money in San Francisco,
1y agoRDFNRedfin Reports Home Prices Grow at Slowest Pace in Nearly Two YearsBusiness WireIt took 38 days for the typical home to go under contract—the slowest May pace since 2020—and sales were canceled at the highest May rate on record (NASDAQ:RDFN) —The median U.S. home-sale price rose 0.7% year over
1y agoRDFNRedfin Reports U.S. Home Prices Hit All-Time HighBusiness WireWhile the median home-sale price is sitting at a record high, it's notably lower than the median asking price. That's because sellers are open to negotiating in today's cooling housing market, in which sellers outnumber
1y agoRDFNRedfin Survey: 1 in 3 Baby Boomers Say They'll Never Sell Their HomeBusiness WireAn additional 30% of baby boomers who own their home say they'll hold onto it for at least a decade (NASDAQ:RDFN) — One-third (33.5%) of baby boomers who own their home say they'll never sell, according to a new
1y agoRDFNRedfin and Thumbtack Team Up to Help Homeowners Find the Right Professional for Every ProjectBusiness WireNew partnership connects homeowners on Redfin with Thumbtack's 300,000 local service businesses amid peak home improvement season (NASDAQ:RDFN) — Redfin, the technology-powered real estate company and Thumbtack, a
1y agoRDFNHomebuyers' Down Payments Are Shrinking for the First Time in Almost Two Years as Housing Market CoolsBusiness WireRedfin reports FHA and VA loans are becoming more common: Just over 15% of mortgaged homebuyers use an FHA loan, and just over 7% use a VA loan, up from last year (NASDAQ:RDFN) —The typical U.S. homebuyer's down
1y agoRDFNRedfin Survey: Americans Are Torn on How Immigration, Tariffs Impact Housing AffordabilityBusiness Wire51% of surveyed homeowners and renters think less immigration could make homes more expensive, while 39% think it could make homes more affordable. Regarding tariffs, 68% of respondents think tariffs could fuel price
1y agoRDFNRedfin Reports Just 28% of Homes Are Selling Above Asking Price, The Lowest Springtime Level Since 2020Business WirePending home sales are down 1% year over year while new listings are still rising, giving buyers negotiating power (NASDAQ:RDFN) — Just over 28% of U.S. homes are selling above the asking price, down from 32% a year
1y agoRDFNRedfin Reports There Are 7 Major Metros Where You Can Still Buy a Luxury Home for Less Than $1 Million, Down From 30 Just Five Years AgoBusiness WireDetroit is the most affordable metro for luxury homes, with a median price of $753,851—44.1% less than the typical luxury home nationwide. San Francisco is the most expensive, with a median price above $6
1y agoRDFNRedfin Reports Some Would-Be Home Sellers Are Stepping Back as Market Tilts Toward BuyersBusiness WireMany prospective homebuyers are sidelined by near-record costs and economic uncertainty, creating a buyer's market in many parts of the country. That's deterring some would-be sellers. (NASDAQ:RDFN) — New listings of
1y agoRDFNRedfin Reports Asking Rents Are Falling in 28 Major U.S. Metros—the Most Since 2023Business WireThe median U.S. asking rent dropped 1% year over year to $1,633 in May as elevated apartment supply gave renters room to negotiate (NASDAQ:RDFN) — The median U.S. asking rent fell 1% year over year in May to $1,633,
1y agoRDFNRedfin Reports U.S. Home Sellers Are Sitting on $700 Billion Worth of Listings, an All-Time HighBusiness WireMore than $330 billion worth of listings have been sitting on the market for 60 days or longer (NASDAQ:RDFN) — There's a total of $698 billion worth of homes for sale in the U.S., up 20.3% from a year ago and the
1y agoRDFNRedfin Reports New Apartments Are Sitting Vacant for Months, Giving Renters Power to Negotiate ConcessionsBusiness WireNew apartments are being completed at near-record levels, with the increase in supply keeping rents down and providing renters with more opportunities to negotiate concessions (NASDAQ:RDFN) — Less than half (49%) of
1y agoRDFNRedfin Reports High Housing Costs Are Keeping Homebuyers at Bay—But Price Relief Is in SightBusiness WireRedfin economists expect home prices to decline by the end of the year, and a surplus of listings is motivating sellers to negotiate (NASDAQ:RDFN) — The median monthly mortgage payment nationwide was $2,860 during the
1y agoRDFNThe U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall.Business WireRedfin reports there are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered buyers this much. (NASDAQ:RDFN) — There are an estimated 1.9 million home
1y agoRDFNRedfin Reports Investor Purchases of Condos Fall to Lowest Level in 10 Years, Aside From Start of PandemicBusiness WireOverall investor purchases are increasing slightly, but investors are backing away from condos as it becomes harder to make money by renting them out—especially in Florida (NASDAQ:RDFN) —U.S. real estate investors
1y agoRDFNRedfin Reports Luxury Pending Home Sales Fall 10% to Lowest April Level in Over a Decade as Stock Market Volatility Sidelines Wealthy BuyersBusiness WireLuxury home prices grew the most in West Palm Beach (+25.8%), and fell the most in San Francisco (-2.2%)—which also saw the biggest increase in sales of the 50 most populous metros (NASDAQ:RDFN) — The typical U.S.
1y agoRDFNRedfin Predicts Home Prices Will Dip 1% by the End of the Year, and Reports That Purchases Are Getting Canceled at Near Record RateBusiness WireToday, Redfin is issuing two new reports, both of which are about the continued softening of the U.S. housing market (NASDAQ:RDFN)—Redfin economists expect the median U.S. home-sale price to fall flat in the third
1y agoRDFNRedfin Reports New Listings Hit Highest Level in Nearly 3 YearsBusiness WireWould-be buyers are sidelined by record-high housing costs and economic instability, allowing inventory to pile up (NASDAQ:RDFN) — New listings of U.S. homes for sale rose 8.4% year over year to their highest level in
1y agoRDFNRedfin Reports U.S. Home Prices Tick Down 0.1% in April, the First Monthly Drop Since 2022Business WireHalf of the 50 most populous U.S. metros recorded a drop in home prices compared to March (NASDAQ:RDFN) — U.S. home prices ticked down 0.1% in April on a seasonally adjusted basis, the first month-over-month decline
1y agoRDFNRedfin Reports Spring Homebuying Season Sputters as Supply Jumps to 5-Year High, Existing-Home Sales Drop to 6-Month LowBusiness WirePrices grew at the slowest pace in nearly two years, but still, high homebuying costs, economic uncertainty and tariff talk spooked buyers (NASDAQ:RDFN) — Sales of existing U.S. homes fell to a seasonally adjusted
1y agoRDFNRedfin Reports the 10 Most Expensive Home Sales of AprilBusiness WireMost of April's most expensive home sales were in beachfront Florida, with a pair of Beverly Hills estates and two luxury Manhattan condos rounding out the top 10 (NASDAQ:RDFN) —A trio of neighboring properties in
1y agoRDFNRedfin Reports Real Estate Agent Commissions Haven't Changed Much Since the NAR Settlement Took EffectBusiness WireBuyer's agents earned an average of 2.4% in commission in the first quarter—up slightly from when the new NAR rules took effect in August, but down slightly from a year earlier (NASDAQ:RDFN) — The average buyer's agent
1y agoRDFNRedfin Reports Economic Jitters, High Costs Stifle Spring Home SalesBusiness WireNew listings are still rising, allowing some buyers to get deals (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
1y agoMGNI RDFNRedfin and Magnite Join Forces to Give Advertisers Priority Access to Audience Targeting Across the Homebuying JourneyGlobeNewswireNEW 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
1y agoRDFNRedfin Report: 10 Places Where You Can Buy a Home For Under $300,000Business WireSeven of the 10 least expensive places in the U.S. to buy a home are in the Rust Belt, and the rest are in the South (NASDAQ:RDFN) — Detroit, Cleveland, and Dayton, OH—all places where the median home-sale price is
1y agoRDFNRedfin Reports U.S. Asking Rents Fell 1% Year Over Year in April—Biggest Drop in 14 MonthsBusiness WireThe median asking rent was $1,625, down $80 from the record high, as elevated apartment supply pushed rents lower. Asking rents fell fastest in Austin, down 10% year over year and $400 below the record
1y agoRDFNThe Homes Americans Are Buying Are Older Than EverBusiness WireRedfin reports that the typical home bought in the U.S. hit a record age of 36 years in 2024—up from 27 years in 2012 (NASDAQ:RDFN) — The typical home bought in the U.S. hit a record age of 36 years in 2024, according
1y agoRDFNRedfin Reports Demand For Vacation Homes Drops to Lowest Level Since at Least 2018Business WireAmericans are purchasing one-third as many vacation homes as they were during the pandemic buying boom (NASDAQ:RDFN) — U.S. homebuyers took out 86,604 mortgages for second homes in 2024, the lowest level in records
1y agoRDFNRedfin Reports Record-High Costs, Economic Unease Are Stunting This Spring's Homebuying SeasonBusiness WireWith new listings rising and pending sales declining, Redfin agents suggest sellers set their asking price fairly from the start to attract buyers and avoid price drops (NASDAQ:RDFN) — The median U.S. monthly housing
1y agoRDFNWashington, D.C. Housing Inventory Jumps Record 25% Amid Federal LayoffsBusiness WireRedfin reports the number of homes for sale in the nation's capital is at the highest level since 2022 amid a mass reduction in the federal workforce under the Trump Administration (NASDAQ:RDFN) — Active listings of
1y agoRDFNRedfin Reports Sending 2 Kids to Daycare Costs More Than Rent in Most Major U.S. MetrosBusiness WireSending one child to daycare costs almost as much as rent in many metro areas, too, with Denver and Seattle leading for highest monthly daycare cost relative to median rent payment (NASDAQ:RDFN) —In Denver and Seattle,
1y agoRDFNRedfin Reports First Quarter 2025 Financial ResultsBusiness WireRedfin Corporation (NASDAQ:RDFN) today announced results for its first quarter ended March 31, 2025. First Quarter 2025 First quarter revenue was $221.0 million, a decrease of 2% compared to the first quarter of 2024.
1y agoRDFNPermits to Build U.S. Apartments Drop Below Pre-Pandemic LevelsBusiness WireRedfin reports permits to build multifamily housing units are down 27% from the pandemic building boom and down 5.5% from before the pandemic (NASDAQ:RDFN) — Developers obtained permits to build 12.4 multifamily
1y agoRDFNRedfin Reports Monthly Housing Costs Hit All-Time High Amid Economic Uncertainty, Keeping Buyers on the SidelinesBusiness WireMortgage-purchase applications are declining and pending home sales are sluggish (NASDAQ:RDFN) — The 2025 spring homebuying season is lackluster, with record-high housing costs and widespread economic instability
1y agoRDFNRedfin Reports Monthly Mortgage Payments Are Falling in 12 of the 50 Most Populous U.S. MetrosBusiness WireMonthly mortgage payments are declining in some parts of the country, like the Bay Area, Florida and Texas, as homebuying demand slows amid widespread economic uncertainty (NASDAQ:RDFN) — Monthly mortgage payments are
1y agoRDFNThe Typical Home Seller Wants $39,000 More Than the Typical Buyer Is Willing to PayBusiness WireRedfin reports the $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020 (NASDAQ:RDFN) — The prices home sellers are asking for and the prices homebuyers are paying
1y agoRDFNRedfin Reports Home Prices Are Falling in 11 of the 50 Most Populous U.S. Metros, the Most in 19 MonthsBusiness WireNationwide, home prices are up 2.1% year over year, the slowest growth rate in nearly two years (NASDAQ:RDFN) — The median home-sale price declined year over year in 11 of the 50 most populous U.S. metro areas during
1y agoRDFN RKTRedfin to Announce First-Quarter 2025 Results on May 6, 2025Business WireRedfin 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
1y agoRDFNRedfin Reports U.S. Home Prices Ticked Up 0.2% in March, the Slowest Pace Since 2022Business WireTwenty of the 50 most populous U.S. metros recorded a drop in home prices month over month (NASDAQ:RDFN) — U.S. home prices ticked up 0.2% from a month earlier in March on a seasonally adjusted basis, the slowest pace
1y agoRDFN44% of Home Sellers Are Giving Concessions to Buyers—Just Shy of the Highest Level on RecordBusiness WireRedfin reports more sellers are offering concessions as rising housing costs and economic uncertainty make buyers nervous, and housing supply hits a five-year high (NASDAQ:RDFN) — Home sellers gave concessions to