News from redfin A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle.
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Jul 08, 2020, 20:00 ET Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low
(NASDAQ: RDFN) — The housing market closed out the month of June on somewhat uneven footing as pending sales pulled back slightly despite another...
Jul 06, 2020, 12:28 ET Milwaukee, San Francisco and Detroit Top the List of Places Where Black Homebuyers Are More Likely to Be Denied a Home Loan
(NASDAQ: RDFN) — 15.9% of Black Americans who apply for mortgages are rejected nationwide, compared with just 7% of white Americans, according to a...
Jul 02, 2020, 12:17 ET Luxury Home Prices Dropped 2.3% This Spring, Reversing Course From Pre-Pandemic Growth
(NASDAQ: RDFN) — The median sale price for luxury homes nationwide dropped 2.3% year over year to $1,099,521 in the 12 weeks ending June 14,...
Jun 30, 2020, 16:01 ET Redfin: Pending Home Sales Approach 2019 Levels, Powered by Record-Low Mortgage Rates
(NASDAQ: RDFN) — Pending sales the week ending June 21 have nearly returned to 2019 levels, down just 3% year-over-year, according to the latest...
Jun 29, 2020, 09:15 ET Minneapolis, Milwaukee and Salt Lake City Have the Lowest Black Homeownership Rates in the U.S., With Just One-Quarter of Black Families Owning Their Home
(NASDAQ: RDFN) -- Just 44% of Black families own the home they live in as of the first quarter of 2020, up from 41.1% in the first quarter of 2019,...
Jun 26, 2020, 12:00 ET Prices of Affordable Homes Jumped 5.5% During the Pandemic
(NASDAQ: RDFN) -- Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the 12 weeks ending May 31, while...
Jun 26, 2020, 09:00 ET RedfinNow Resumes iBuying in Four Additional Metros as Housing Market Continues to Recover
(NASDAQ: RDFN) -- Redfin, the technology-powered real estate brokerage, has resumed buying homes through RedfinNow in four additional markets:...
Jun 25, 2020, 12:01 ET Record 27% of Homebuyers Look to Relocate as Pandemic Accelerates Trend Toward Affordable, Less Dense Areas
(NASDAQ: RDFN) -- A record 27.0% of home searchers looked to move to another metro area in April and May 2020, according to a new report from Redfin...
Jun 24, 2020, 13:00 ET Redfin Expands Real Estate Brokerage and Search Site to Anchorage
(NASDAQ: RDFN) -- Redfin (www.redfin.com), the tech-powered real estate brokerage, launched today in Anchorage, the company's first market in Alaska. ...
Jun 22, 2020, 13:41 ET Coronavirus Housing Rebound Highlights Wealth Divide
(NASDAQ: RDFN) — The impact of coronavirus shutdowns on homebuyer demand has been short and muted, but the economic recovery will disproportionately...
Jun 19, 2020, 12:30 ET Housing Market Shows Signs of Rebounding from Coronavirus Shutdowns
(NASDAQ: RDFN) — The housing market showed some early signs of recovery in May as the addition of homes for sale and contracts to buy homes both...
Jun 15, 2020, 12:00 ET Bidding Wars Climb in May as Coronavirus Intensifies Housing Shortage
(NASDAQ: RDFN) — 49.4% of Redfin offers faced competition in May, up from 43.9% during the prior month, according to a new report from Redfin...
Jun 12, 2020, 18:00 ET Homebuying Demand is 25% Higher Than Before the Pandemic
(NASDAQ: RDFN) — Seasonally adjusted homebuying demand for the week of June 1-7 is now 25% higher than it was pre-pandemic in January and February,...
Jun 11, 2020, 12:00 ET Redlining's Legacy of Inequality: $212,000 Less Home Equity, Low Homeownership Rates for Black Families
(NASDAQ: RDFN) -- The typical homeowner in a neighborhood that was redlined for mortgage lending by the federal government has gained 52% less—or...
May 29, 2020, 12:26 ET Redfin Mortgage Expands to Arizona, Delaware and New Hampshire
(NASDAQ: RDFN) — Redfin Mortgage, LLC is now offering loans to homebuyers in Arizona, Delaware and New Hampshire. A subsidiary of Redfin...
May 26, 2020, 16:01 ET Redfin to Present at Stifel 2020 Virtual Cross Sector Insight Conference
Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following investor conference:...
May 22, 2020, 14:13 ET Bay Area Homebuyers Seek Out Oakland and Suburban Areas as Remote Work Grows, Redfin Analysis Finds
(NASDAQ: RDFN) — The housing market in Oakland and suburban parts of the Bay Area is recovering at a faster rate than in San Francisco or San Jose,...
May 21, 2020, 18:00 ET Homebuying Demand is Higher Than Before the Pandemic
(NASDAQ: RDFN) — This past week, Redfin's homebuying demand moved out of recovery mode and into growth mode, reaching a new peak. For the seven days...
May 21, 2020, 15:29 ET Newly Built Homes Make Up Largest Share of Market Since at Least 2012
(NASDAQ: RDFN) — The number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date,...
May 20, 2020, 12:00 ET 41% of Redfin Offers Faced Bidding Wars in Late April, Early May Amid Coronavirus Pandemic
(NASDAQ: RDFN) — 41.1% of Redfin offers nationwide faced competition in the four weeks ending on May 10, according to a new report from Redfin...
May 18, 2020, 12:00 ET April Homebuyer Demand Outpaced Home Supply Mid-Pandemic
(NASDAQ: RDFN) — The effects of the coronavirus pandemic and subsequent shutdowns hit the housing market in full force in April—according to a new...
May 15, 2020, 12:00 ET Remote Work Policies Likely To Propel Post-Pandemic Migration From Expensive Cities
(NASDAQ: RDFN) — The sudden shift to remote work, brought on by the coronavirus shutdowns will likely accelerate a major migration away from...
May 14, 2020, 12:00 ET House Hunters' Hunger for Small Towns Continues to Soar, Even as Interest in Big Cities Begins to Recover
(NASDAQ: RDFN) — Pageviews of homes in small towns surged 105% year over year during the seven-day period ending May 1, an acceleration from the 85%...
May 12, 2020, 16:05 ET Redfin to Present at 15th Annual Needham Virtual Technology & Media Conference
Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following investor conference: 15th...
May 08, 2020, 12:00 ET Housing Market Shows Early Signs of Recovery, Even Where COVID-19 Has Not Peaked
(NASDAQ: RDFN) — New listings and home sales are seeing early signs of recovery in the U.S. housing market, even as some cities struggle to flatten...
