Redfin Reports Low-Income Americans Have Lost the Homebuying Progress They Made During the Pandemic
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
Roughly 1 in 5 new mortgages went to low-income homebuyers in 2023, down from 23% in 2020. Meanwhile, high-income buyers have gained share because they’re more prepared to weather the storm of high home prices and mortgage rates SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly one in five (20.6%) new mortgages issued last year went to low-income Americans, bringing that group’s piece of the homebuying pie back down to where it was in 2018. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.Low-income earners gained ground at the start of the pandemic, taking out 23.2% of all new mortgages in 2020, but that progress has since been erased because high home prices and elevated mortgage rates have eroded affordability.The small bit of progress that Americans earning very low incomes made on taking out mortgages at the start of the pandemic has also been erased. Just under 6% of new mortgages issued last year went to very low incom
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News
- Redfin Reports the Median U.S. Home Price Hit an All-Time High of $434,000 in AprilBusiness Wire
- Redfin Expands Redfin Next Agent Pay Plan to 25 Additional MarketsBusiness Wire
- Redfin Report: The Sun Belt Is Seeing Some of the Biggest Rent Declines in AmericaBusiness Wire
- 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
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