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Redfin Corp. (RDFN) shares information

Redfin Corp


24h Change

1.16 %

RDFN

Live rate: Market closed

Stock data per Friday 25 Nov, 2022

RDFN
NASDAQ
5.17
5.05
5.23
0.06 (+ 1.16%)
US Market is closed

Live Stock price in graph for Redfin Corp (RDFN)

  • Latest Volume

    1,585,458 (-53 %)

  • Volume prev. day

    3,373,508

  • Avg. daily volume

    6,614,396

  • Market cap

    568,755,795

  • P/E ratio

    -1.94

  • Today high

    5.25 USD

  • Today low

    4.995 USD

  • 52 week high

    42.99 USD

  • 52 week low

    3.08 USD

  • YTD Change

    n/a

Quick links

 

Latest news about Redfin Corp

Below you can find the most recent news posts about Redfin Corp, primarily from US and UK based news sources.

This Type Of Home Took Nearly 30% Of All Home Sales In The Third Quarter

Friday, 25 November 2022, 18:34:31
According to a Redfin Corp (NASDAQ: RDFN ) analysis issued this month, newly built single-family homes made up roughly one in three U.S. home sales in the third quarter. The third-quarter share was the largest ever recorded, up 25% over the previous year. The rise in “pandemic boomtowns,” is partly to blame for the increase in new construction. This was true for places like Texas and Florida, where a few communities ranked as the top migration hotspots as a result of their reasonable cost of living. Read also: Wow, Here”s How Many Hours The Average American Must Work To Pay Rent For example, in El Paso, Texas, half of all home sales in the third quarter were newly built single-family homes. Other well-known cities where listings for freshly constructed single-family homes increased were: Oklahoma … Full story available on Benzinga.com
— Benzinga


Buying A House In The Fourth Quarter? It”s Hot Out There

Friday, 25 November 2022, 18:20:04
The real estate market is so hot that buyers are staying away . Existing home sales dropped 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, according to Redfin Corp (NASDAQ: RDFN ), and were down 28.4% year over year. That represents the largest year over year drop in existing home sales since 2007. “More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. The number of first-time homebuyers is also declining. In October, they accounted for just 28% of purchases, which is close to an all-time low. Read also: Warren Buffett”s Favorite Housing Metric Just Flashed A Major Signal: What To Watch In The Housing Market Some priced-out would-be home buyers are turning to passive investments to build wealth while they wait for the housing market to cool. Check out … Full story available on Benzinga.com
— Benzinga


Redfin Corp. PT Lowered to $5.50 at DA Davidson

Friday, 25 November 2022, 14:47:01
https://www.investing.com/news/pro/redfin-corp-pt-lowered-to-550-at-da-davidson-432SI-2951965
— Investing.com


Investors apply the brakes on home-buying as housing market cools (NASDAQ:RDFN)

Tuesday, 22 November 2022, 19:14:15
With demand for housing dropping as mortgage rates climb, some investors are stepping back from the market
— Seeking Alpha


Redfin sees pending home sales fall by a record in October, as cancellations surge

Monday, 21 November 2022, 18:30:05
Shares of Redfin Corp. tumbled 9.6% in midday trading Monday, after the real estate services company said pending home sales plunged 32.1% in October from a year ago, the most since it started keeping records in 2013. The drop off in pending sales comes as deal cancellations jumped to a record 17.9% of home that went under contract, and a record 23.9% of homes for sales experienced a price drop. “The Fed”s actions to curb inflation are causing the housing market to slow at a pace not seen since the financial crisis,” said Redfin Economics Research Lead Chen Zhao. Meanwhile, the median U.S. home sale price in October fell 1.4% from September, the biggest month-over-month drop for any October since 2012, but prices were still up 4.9% from a year ago. Redfin”s stock has plummeted 88.0% year to date, while the S&P 500 has lost 17.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
— MarketWatch


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