Redfin Report: Monthly Payments Set New Record–And Buyers’ Costs Will Likely Stay High on Inflation News
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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investors.redfin.com/investor-relations
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Source: Business Wire
Daily average mortgage rates reached their highest level in nearly five months following Wednesday’s hotter-than-expected inflation report, which will likely keep mortgage rates elevated for the foreseeable future SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The median monthly U.S. housing payment hit an all-time high of $2,747 during the four weeks ending April 7, up 11% from a year earlier. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.Housing payments are soaring because home prices and mortgage rates are high. The median home-sale price is $378,250, up 4.5% year over year and just about $5,000 shy of the record high hit in June 2022. The average 30-year fixed mortgage rate is 6.82%, below the near-8% rates hit last October but still more than double pandemic-era lows.Prices are staying stubbornly high because there’s enough homebuying demand to prop them up. Redfin’s Homebuyer Demand Index—a measure of requests for tours an
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News
- Redfin Reports Nearly 1 in 5 People Who Plan To Vote for Trump Want to Live in a Place Where Abortion Is LegalBusiness Wire
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- Redfin Reports Home Prices Stagnate in Florida and Texas as Supply SoarsBusiness Wire
- Redfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates RisingBusiness Wire
- Redfin to Announce First-Quarter 2024 Results on May 7, 2024Business Wire
RDFN
Earnings
- 2/27/24 - Beat
RDFN
Sec Filings
- 4/26/24 - Form 3
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- RDFN's page on the SEC website