Redfin Report: For the First Time in Nearly 2 Years, There’s No Major American Metro Where Home Prices Are Falling
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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US:NASDAQ Investor Relations:
investors.redfin.com/investor-relations
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Source: Business Wire
Continually rising mortgage rates are further eroding affordability—and this week's Fed meeting confirmed that mortgage rates are likely to hold steady for the foreseeable future SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The median home-sale price rose from a year earlier or stayed the same in all 50 of the most populous U.S. metros during the four weeks ending April 28, the first time that has happened since July 2022. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.Nationwide, the median sale price rose to a near-record $383,188, up 4.8% year over year. Mortgage rates also continued climbing, with the weekly average hitting its highest level in five months. High prices and rates drove the median monthly housing payment to a record $2,890, up 15% year over year.Home-price increases were driven by affluent metros and a pair of more affordable places: Anaheim, CA, where prices rose over 20% year over year, took the top spot. It
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RDFN
News
- Redfin Co. (NASDAQ: RDFN) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Redfin Reports Mortgage Rates Dip Below 7% For First Time in 5 Weeks, Giving Buyers Some Much-Needed ReliefBusiness Wire
- Redfin Reports Investor Home Purchases Rise for the First Time in Nearly Two YearsBusiness Wire
- Redfin (RDFN) Recently Broke Out Above the 200-Day Moving Average [Yahoo! Finance]Yahoo! Finance
- Redfin Co. (NASDAQ: RDFN) had its price target raised by analysts at Susquehanna from $7.00 to $8.00. They now have a "neutral" rating on the stock.MarketBeat
RDFN
Earnings
- 5/7/24 - Beat
RDFN
Sec Filings
- 5/16/24 - Form 4
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- RDFN's page on the SEC website