Redfin Reports 1 in 7 Pending Home Sales Are Getting Canceled, the Highest Share During This Time of Year on Record
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NASDAQRDFN) — Just over 41,000 U.S. home-purchase agreements fell through in January, equal to 14.3% of homes that went under contract that month, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up from 13.4% a year earlier and is the highest cancellation rate for this time of year since at least 2017.
Redfin Reports Fourth Quarter and Full Year 2024 Financial Results
Redfin Corporation (
NASDAQRDFN) today announced results for its fourth quarter and full year ended December 31, 2024.
Redfin Reports Home-Price Growth Slows as Mortgage Rates Dip to Lowest Level in Over 2 Months
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NASDAQRDFN) — 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 are coming down due to signals that the U.S. economy is slowing, and heightened recession fears.
Redfin Reports Florida Has More Homes for Sale Than Ever Before
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NASDAQRDFN) — Florida ended January with 172,209 homes for sale—the highest inventory of any month on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up 22.7% from a year earlier.
Redfin Reports the Typical Buyer’s Down Payment is 16% of the Home’s Price
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NASDAQRDFN) — 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.
Redfin Reports Florida Condo Prices Are Holding Up Best Away From the Coast
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NASDAQRDFN) — 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%.
Redfin Report: A Minimum-Wage Worker Would Have to Work 106 Hours a Week to Afford the Typical U.S. Apartment
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NASDAQRDFN) —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 Report: The 10 Most Expensive Home Listings in the U.S.
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NASDAQRDFN) — 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.
U.S. Housing Market Gained $2.5 Trillion in Value in 2024
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NASDAQRDFN) — The combined value of U.S. homes gained $2.5 trillion in 2024 to reach $49.7 trillion, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In percentage terms, the total value of the U.S. housing market grew 5.2% year over year. That was the slowest growth in a calendar year since 2019 and the second-slowest since 2011.
Redfin Reports Some Good News For Homebuyers: Slower Price Growth, More Supply and More Bargaining Power
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NASDAQRDFN) — The median U.S. home-sale price rose 3.7% year over year during the four weeks ending February 16, the smallest increase since September. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Additionally, the weekly average mortgage rate dipped to 6.87%, its lowest level of the year.
It’s a Buyer’s Market. For Many Homebuyers, It Doesn’t Feel Like It
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NASDAQRDFN) — 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.
Redfin Reports U.S. Home Prices Grew 0.6% in January
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NASDAQRDFN) — 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.
Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low
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NASDAQRDFN) — 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 Reports Housing Supply Hits Highest Level Since 2020, But Demand Falls to Lowest Level Since 2020
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NASDAQRDFN) — Homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Redfin Reports Housing Supply Is Piling Up As Home Sellers Enter the Market But Buyers Stay on Sidelines
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NASDAQRDFN) — There are five months of for-sale supply on the market nationwide, up from 4.4 months a year earlier and the most since early 2019. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Inventory is piling up because more sellers are listing their homes while fewer buyers are wading into the market.
The Typical Homebuyer Pays Roughly 2% Less than the List Price–The Biggest Discount in 2 Years
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NASDAQRDFN) — Today’s average home listing is selling for under its asking price, and taking a long time to sell, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While that’s not ideal for sellers, it’s good news for homebuyers who have been grappling with high housing costs and a shortage of inventory.
Redfin to Announce Fourth-Quarter 2024 Results on February 27, 2025
Redfin Corporation (
NASDAQRDFN) will release fourth-quarter 2024 results after the stock market closes on Thursday, February 27, 2025. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com.
Redfin Reports the Top 10 Most-Viewed Online Home Listings of January
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NASDAQRDFN) — Seven of Redfin.com’s 10 most-viewed home listings in January were in the Bay Area, specifically the East Bay and neighborhoods near San Jose, and two were in Seattle’s eastside suburbs. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Austin Asking Rents Drop 16% in January—More Than Any Other Major Metro—And Are Now $400 Below Their Record High
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NASDAQRDFN) — The median U.S. asking rent was $1,599 in January, little changed (-0.1%) from a year earlier and up 0.5% from a month earlier. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Redfin Reports 17% of Homeowners With Mortgages Have an Interest Rate of at Least 6%, the Highest Share in Nearly a Decade
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NASDAQRDFN) — Nationwide, 17.2% of U.S. homeowners with mortgages have an interest rate greater than or equal to 6%, the highest share since 2016, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up nearly five percentage points from 12.3% in the third quarter of 2023. If this growth rate were to continue, which is feasible, the share of homeowners with a rate of at least 6% would nearly double in the next three years.
Redfin Reports New Listings Post Biggest Increase of the Year While Homebuying Demand Declines, Leading to Big Pool of Supply
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NASDAQRDFN) — New listings of U.S. homes for sale rose 7.9% from a year earlier during the four weeks ending February 2, the biggest increase since the end of last year. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Nearly 70% of Single People Struggle to Afford Housing Payments, Compared to 52% of Married People
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NASDAQRDFN) — Nearly 70% of single, divorced or separated people struggle to afford their regular rent or mortgage payments, compared to just over half (52%) of married people, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. More than three-quarters (76%) of respondents who live with their partner but aren’t married struggle with housing payments, making them the group most likely to struggle.
Redfin Reports Commissions Have Risen Slightly For Affordable Homes, Fallen Slightly For Expensive Homes, Since NAR Settlement Took Effect
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NASDAQRDFN) — The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s essentially unchanged from 2.36% in the third quarter, during which the new National Association of Realtors (NAR) commission rules went into effect, but down slightly from 2.45% a year earlier, before the new rules were announced.
Redfin Reports The Typical Home Is Taking Nearly 2 Months to Sell. That’s The Slowest Pace in 5 Years.
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NASDAQRDFN) — Homes are selling at their slowest pace since the start of the pandemic as mortgage rates and home prices remain elevated, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Downtown Seattle Rents Rise for the First Time in 17 Months as Amazon Workers Go Back to the Office Full Time
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NASDAQRDFN) — Downtown Seattle apartment rents grew for the first time in 17 months in December, rising 2.5% year over year to a median $2,000. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
