REDFIN CORP. overview

(NASDAQ: RDFN) — Older Americans are more likely than younger Americans to buy homes in places with significant climate risk, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. Over one-third (36.9%) of home purchases made by people 65 and older last year were in counties with high risk of extreme heat, compared with less than one-third (32.3%) of home purchases made by people under 35. The trend holds true for flood and fire risk; 13.3% of...

(NASDAQ: RDFN) — Asking rents for newly constructed apartments rose 1.5%—the biggest year-over-year increase in 18 months—to a median $1,802 in the third quarter. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The rise in rents came after two consecutive quarters where rents for new apartments fell by more than 7%. The median rent for newly constructed apartments bounced back above $1,800 in the third quarter for the first time...

(NASDAQ: RDFN) — Less than half (46.7%) of U.S. renters feel a sense of belonging in their neighborhood, compared with almost two-thirds (63.6%) of homeowners, according to a new survey from Redfin ( redfin.com ), the technology-powered real estate brokerage. Just 38.9% of renters feel they have things in common with their neighbors, compared with 58.5% of homeowners. And renters are more likely to avoid neighbors; 41.6% try to avoid interacting with their neighbors, versus 33.1% of...

(NASDAQ: RDFN) — Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in late November, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. Mortgage rates are declining after last week’s cooler-than-expected jobs report made it clear the Fed will cut interest rates again this month. The average weekly rate is 6.69%, down from a four-month high of 6.84% two weeks earlier. That...

(NASDAQ: RDFN) — The median U.S. asking rent fell 0.7% year over year in November to $1,595, the lowest level since March 2022. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 1.1% on a month-over-month basis. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in August 2022. Highlighting improved rental affordability, November marked the 19th consecutive month where the median asking rent...

(NASDAQ: RDFN) — A U.S. renter on a $2,000-a-month budget can afford an apartment that is more than 70 square feet larger today than it was when rents peaked in mid-2022. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median U.S. apartment asking rent in October was $1,615. That equates to a median price per square foot of $1.81, meaning the projected apartment size for a $2,000 budget would be 1,103 square feet. The median asking...

(NASDAQ: RDFN) — Decking the halls just got a lot easier with a little help from Redfin Redesign. Home buyers and homeowners alike can now use Redfin’s AI-powered home design tool to transform home images with holiday decor inspiration. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241205841429/en/ Redfin Redesign helps you deck the halls with holiday-inspired decor (Photo: Business Wire) In the time it takes to hang a stocking,...

(NASDAQ: RDFN) — Redfin’s Homebuyer Demand Index is sitting near its highest level since September 2023, 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—is up 7% year over year. Mortgage-purchase applications are up 17% month over month to their highest level since late January. Pending home sales rose 6.5% from a year...