Redfin Corp is a technology-driven real estate brokerage that aims to revolutionize the way people buy and sell homes
By leveraging sophisticated online tools and a user-friendly platform, Redfin provides comprehensive real estate services that include property listings, home searches, and market insights. The company employs a team of real estate agents who utilize data analytics to streamline the home buying and selling process, helping clients to make informed decisions. Additionally, Redfin offers unique features such as virtual tours and innovative pricing strategies to enhance the customer experience in an increasingly digital market.
(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.
(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.
(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.
(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.
(NASDAQRDFN) — The median U.S. monthly housing payment is $2,686, the highest level in nearly seven months, as of the four weeks ending January 19. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing costs are high because of rising mortgage rates and home prices: The weekly average mortgage rate is 7.04%, the highest level since May, and the median U.S. home-sale price is up 5% year over year.
(NASDAQRDFN) — Renters need to earn $63,680 to afford the median asking rent for a U.S. apartment ($1,592), the lowest amount needed since March 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down 0.4% from a year ago and a drop of 6.4% from August 2022 when the median asking rent hit an all-time high of $1,700. Back then, a renter would have had to earn $68,000 to afford the typical apartment—nearly $5,000 more than today.
(NASDAQRDFN) — U.S. home prices grew 0.4% from a month earlier in December on a seasonally adjusted basis, slightly faster than the 0.5% growth posted in November. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — Home prices rose from a year earlier in all 50 of the most populous U.S. metropolitan areas in December—the first time that has occurred since May 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — Roughly one of every seven (14%) homes within the perimeters of the Palisades and Eaton fires in the Los Angeles area have been destroyed or damaged. That’s a total of 6,354 homes; of those, 5,449 (86%) were destroyed, and 905 (14%) were damaged. This is according to a new analysis from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis—the largest decline since October 2022—and dropped 2.3% year over year. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — Home tours and pending sales are falling as devastating wildfires burn in Southern California, extreme cold and snow hit the Northeast, Midwest and South, and housing costs rise across the country. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN)—The median U.S. asking rent fell 0.3% year over year in December to $1,594—the lowest level since March 2022. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN)—More house hunters are starting their home search as the new year kicks off, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin’s Homebuyer Demand Index—a seasonally adjusted measure of tours and other buying services from Redfin agents—posted a small 2% increase from a month earlier during the week ending January 5, and it’s also up 2% year over year.
(NASDAQRDFN) — More than one-third (34%) of U.S. homeowners say they’ll never sell their home, and another 27% say they wouldn’t consider selling for at least 10 years. That’s according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — A household making the $83,782 median U.S. income in 2024 would’ve had to spend 41.8% of their earnings on monthly housing costs if they bought the $429,734 median-priced U.S. home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s a slight improvement from 42.2% in 2023, but is considerably less affordable than the typical share of 30% or lower recorded throughout the 2010s.
(NASDAQRDFN) — New listings increased 8% year over year during the four weeks ending December 29, while the total number of homes for sale rose 10%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — Active listings—the total number of homes for sale—climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month over month and 12.1% year over year. For all the talk of America’s housing shortage, one would think that’s great news. But the story is nuanced, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — A third (33.6%) of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — Active listings climbed 12% year over year during the four weeks ending December 22, though that was the smallest increase since March, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
What a fantastic six months it’s been for Redfin. Shares of the company have skyrocketed 40.8%, hitting $8.35. This run-up might have investors contemplating their next move.
(NASDAQRDFN) — U.S. home prices grew 0.5% from a month earlier in November on a seasonally adjusted basis, the third consecutive month with a 0.5% increase. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, home prices rose 5.7%, the lowest annual increase since October 2023.
(NASDAQRDFN) — In Portland, OR, home sales jumped 27.6% year over year in November—the biggest increase among the 50 most populous U.S. metropolitan areas, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It was followed by five other pricey West Coast metros: San Jose, CA (26.2%), Seattle (19.5%), San Francisco (17.7%), Sacramento, CA (17.6%) and San Diego (15.2%). By comparison, nationwide home sales rose just 4.8%.
