Here’s What Kept Redfin (NASDAQ:RDFN) & Other Real Estate Stocks Under Pressure Yesterday
Friday, 22 September 2023, 10:56:12
Shares of real estate broker Redfin (NASDAQ:RDFN) fell about 12% on Thursday. Interestingly, the broader real estate sector witnessed downward pres…
Sell These 7 Stocks NOW Before the Next Housing Market Crash
Thursday, 7 September 2023, 01:47:58
Housing market crash fears are on the rise again. Sure, despite the big jump in interest rates, housing has stayed fairly resilient, thanks to scarce inventory. In fact, housing prices were actually up year after year in July , even as existing home sales dropped to a six-month low. And due to the lack of housing inventory, homebuilders like KB Home (NYSE: KBH ) also remain confident that a slowdown, much less a crash, isn’t just around the corner . However, as InvestorPlace’s Samuel O’Brient discussed last month, numerous economic indicators suggest that a crash could happen pretty soon. For instance, the resumption of student loan repayments this month could curb consumer discretionary spending. And it. may just be the straw that breaks the camel’s back. Less discretionary spending could hurt the overall economy, which in turn may cause unemployment to rise, leading to increased mortgage defaults/increased forced selling of homes, putting pressure on prices. Ahead of what could be the long-awaited beginning of the end for the early-2020s housing bubble, these are top stocks to sell before a possible housing market crash.
Monthly Mortgage Payments Just Hit All-Time High — And Prices Jumped The Most In 10 Months
Thursday, 31 August 2023, 21:51:21
The siren song of homeownership has hit a sour note for many prospective buyers . The nationwide median home-sale price has surged to an eye-watering $380,000, according to a Thursday Redfin Corp (NASDAQ: RDFN ) report, reflecting a 5% year-over-year increase — the most substantial uptick in almost a year. The rising tide of home prices, propelled by a severe lack of inventory, swelled the typical monthly mortgage payment to an all-time high of $2,649, Redfin said. Here’s a look into the data and its implications for the housing market and key players like Rocket Companies Inc (NYSE: RKT ), Lennar Corp (NYSE: LEN ) and Wells Fargo & Co (NYSE: WFC ). The Redfin Data: A severe inventory shortage is driving the price surge, Redfin … Full story available on Benzinga.com
Redfin to Present at Citi’s 2023 Global Technology Conference
Thursday, 31 August 2023, 06:03:38
SEATTLE–(BUSINESS WIRE)–Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: Citi’s 2023 Global Technology Conference Wednesday, September 6, at 2:30 p.m. ET A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is […] L”articolo Redfin to Present at Citi’s 2023 Global Technology Conference è un contenuto originale di 01net .
— 01net Italy
Redfin to Present at Citi”s 2023 Global Technology Conference
Wednesday, 30 August 2023, 22:00:00
Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: Citi”s 2023 Global Technology Conference Wednesday, September 6, at 2:30 p.m. ET A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered
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