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The Latest Breaking News from Redfin

Redfin settles suit by fair-housing groups over ‘minimum price policy’

Online real estate brokerage Redfin Corp. agreed to stop refusing to provide service to lower-priced homes and will pay $4 million to settle a lawsuit brought by fair-housing groups who claimed the company’s “minimum price policy” disadvantaged non-White buyers and sellers.

Tribune News Service

Housing Beat: Mortgage Rates Stay Elevated, Profit Margins On Home Sales Down

Mortgage rates remained on the high side this week while pending home sales continued to decline and mortgage delinquency rates also recorded downward motion.

Benzinga

Buying a house in these metro areas is increasingly unaffordable, new report finds

The rise in prices is driven by remote workers moving in from expensive coastal cities

Axios

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Where buying a house is increasingly out of reach for locals

The rise in prices is driven by remote workers moving in from expensive coastal cities

Axios

Benzinga's Top Ratings Upgrades, Downgrades For April 26, 2022

Upgrades According to Susquehanna, the prior rating for Boyd Gaming Corp (NYSE:BYD) was changed from Neutral to Positive. At the moment, the stock has a 52-week-high of $72.72 and a 52-week-low of $50.38. Boyd Gaming closed at $64.20 at the end of the last trading period.

Benzinga

Housing Beat: Mortgage Rates Break The 5% Level; Buyers Settle On Smaller Homes

The latest U.S. housing and mortgage data points to rates continuing their dizzying rise, fewer homes being sold and prospective buyers agreeing to purchase smaller properties.

Benzinga

Where Redfin Stands With Analysts

Analysts have provided the following ratings for Redfin (NASDAQ:RDFN) within the last quarter:

Benzinga

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Housing Beat: Mortgage Rates Hit 5% Level While Property Taxes Inch Higher

The week in housing was one of great challenges, with mortgage rates cracking the 5% level while homeowners faced an uptick in property taxes and state attorneys general demanded that mortgage servicers drop their convenience fees charged to borrowers.

Benzinga

Housing Beat: Mortgage Rates Keep Climbing; Disney's Affordable Housing Project

Mortgage rates are continuing their upward motion while potential homebuyers and sellers face a shifting housing market and the affordable housing sector welcomes a well-known new participant.

Benzinga

Eager home buyers are offering Spanish lessons and cash. But signs around Philadelphia point to less competition come summer

After dozens of showings and 22 offers in one day, a Northeast Philadelphia rowhouse left the market after two days. The house was listed at $175,000 — a popular price point. The winning bidder will pay more than $210,000.

The Philadelphia Inquirer

The Crisis In Housing, Part 4: Waiting For A Crypto Future

Compared to other sectors of the wider economy, the housing and mortgage industries have traditionally been slower to embrace cutting-edge technologies and digital solutions. A myriad of reasons explain this pokey response to evolving change, ranging from the sector’s conservative risk tolerance to a lack of standardization in many evolving technologies.

Benzinga

Housing Beat: Records Broken For Single-Family And Condo Prices; The 'R' Word Gets Raised

The latest data news from the housing market included new records being achieved in single-family home and condominium sales, the 30-year fixed-rate mortgage crashing through the 4.5% level, and a warning from a prominent industry economist on the potential for a recession created by the Federal Reserve.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For March 30, 2022

Upgrades

Benzinga

Analyst Ratings For Redfin

Over the past 3 months, 4 analysts have published their opinion on Redfin (NASDAQ:RDFN) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

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Tribune News Service

Investors snatch up Florida homes like never before. What's the effect for average folks?

Investor purchases of single-family homes shot up this year, bringing more competition for the average homebuyer in an already tense housing market.

The Independent UK

Record number of US homes are now worth more than $1m

Seven out of ten most expensive metro areas are in California

Axios

A record number of homes are worth more than $1 million

7 of the top 10 cities for $1M+ homes are in California

The Independent UK

There are now nearly twice as many $1m homes in the US than before pandemic

California had seven of top ten cities in new list

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news in one place.

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StockNews.com

Forget Redfin, Buy These 3 Real Estate Services Stocks Instead

The real estate services industry has benefited from bullish trends throughout the COVID-19 pandemic, thanks to overwhelming demand for living space in an extensive and growing remote culture. Because the hybrid work culture continues to gain traction, the industry is expected to witness further demand. However, we think Redfin’s (RDFN)…

Benzinga

Looking At Redfin's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Redfin (NASDAQ:RDFN). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Where Redfin Stands With Analysts

Benzinga

Why Redfin Shares Are Falling Today

Redfin Corp (NASDAQ: RDFN) is trading lower Friday morning after the company reported fourth-quarter financial results and issued guidance for expanding losses.

Axios

Big investors are hogging American homes

Families are now increasingly facing off with cash-rich institutional investors bidding for houses.

Benzinga

Redfin: Q4 Earnings Insights

Redfin (NASDAQ:RDFN) reported its Q4 earnings results on Thursday, February 17, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Redfin beat estimated earnings by 12.9%, reporting an EPS of $-0.27 versus an estimate of $-0.31.

Benzinga

Is Elon Musk Responsible For The 40% Surge In Austin Home Values?

The value of Austin’s housing market soared by nearly 40% during 2021, nearly double the national average. But what role did a certain crypto-touting, electric vehicle-building entrepreneur play in this market’s success?

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