Were Hedge Funds Right About Dumping Redfin Corporation (RDFN)?
Tuesday, 27 July 2021, 02:16:51
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Redfin Reports Low Mortgage Rates Buoy Prices as Competition Eases
Friday, 23 July 2021, 14:00:00
SEATTLE , July 23, 2021 /PRNewswire/ — (NASDAQ: RDFN ) The housing market”s supply side is gradually gaining momentum as homes for sale begin to pile and pending sales continue a steady and seasonal decline, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. As both of these trends continue in the weeks ahead, prices will stop rising as rapidly as they have been and an increasing number of homes for sale will see price drops. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending July 18 . Redfin”s housing market data goes back through 2012. Data based on homes listed and/or sold during the period: The median home-sale price increased 20% year over year to $364,160 , a record high. Asking prices of newly listed homes were up 12% from the same time a year ago to a median of $360,975 . This is shy of the all-time high set during the four-week period ending June 27 , and asking prices have been basically flat since late May.
Redfin Reports Investor Home Purchases Hit Record, Surpassing Pre-Pandemic Levels
Thursday, 22 July 2021, 14:00:00
SEATTLE , July 22, 2021 /PRNewswire/ — (NASDAQ: RDFN ) Real estate investors purchased 67,943 U.S. homes in the second quarter of 2021, the highest quarterly figure on record, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. That”s up 15.1% from the prior quarter, and up 106.7% from the second quarter of 2020, when activity in the housing market was stalled due to pandemic restrictions. In dollar terms, investors bought a record $48.5 billion worth of homes in the second quarter, up from $38.9 billion in the prior quarter and $20.9 billion a year earlier. The typical home they purchased cost $439 ,60023.7% higher than a year earlieramid surging housing prices. Redfin defines an investor as any institution or business that purchases residential real estate. Any “records” referenced in this release date back to the year 2000. Investor market share has nearly returned to pre-pandemic levels. Investors bought about one of every six homes (15.9%) that were purchased in the second quarter of 2021just shy of the 16.1% record market share they held in the first quarter of
Redfin to Announce Second-Quarter 2021 Results on August 5, 2021
Wednesday, 21 July 2021, 22:01:00
SEATTLE , July 21, 2021 /PRNewswire/ — Redfin Corporation (NASDAQ: RDFN ) will release second-quarter 2021 results after the stock market closes on Thursday, August 5, 2021 . 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 . Full story available on Benzinga.com
Homebuyers Are Turning Back to Condos After Pandemic-Driven Slump
Wednesday, 21 July 2021, 14:00:00
SEATTLE , July 21, 2021 /PRNewswire/ — (NASDAQ: RDFN ) The typical condo in the U.S. sold above its asking price in June for just the second time since at least 2012, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. The first time was in May, signaling renewed homebuyer competition for condos after a pandemic-fueled slump. Nationwide, the typical condo sold for 0.7% above its asking price in June, following a premium of 0.4% in May. In dollar terms, the typical condo sold for $304,000 in June. If it sold for 0.7% above its asking price, that means it was listed for $301,872 . The pattern is somewhat seasonal, as average sale-to-list ratios for condos typically peak in May or June, but this is the first year condos are selling above asking price rather than below. The data in this report is from a Redfin analysis of MLS data and public county records. The national median sale price for condos rose a record 20.3% year over year in June to an all-time high of $304,000 .
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