News Releases

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May 26, 2020
SEATTLE , May 26, 2020 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following investor conference: Stifel 2020 Virtual Cross Sector Insight Conference Monday, June 8 , at 1:20 p.m.
May 22, 2020
Pending sales are recovering more quickly in Oakland than San Francisco; Oakland home prices continued to rise in early May, as San Francisco saw home price declines SEATTLE , May 22, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The housing market in Oakland and suburban parts of the Bay Area is
May 21, 2020
For the seven days ended May 17, demand was up nearly 17%, driven by record low mortgage rates SEATTLE , May 21, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — This past week, Redfin's homebuying demand moved out of recovery mode and into growth mode, reaching a new peak.
May 21, 2020
1 of every 5 homes for sale in April were new-construction SEATTLE , May 21, 2020 /PRNewswire/ -- (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, according to a new report from Redfin ( www.redfin.com ),
May 20, 2020
The lack of housing supply is partly responsible for surprisingly high competition rates SEATTLE , May 20, 2020 /PRNewswire/ -- (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 ( www.redfin.com ), the
May 18, 2020
Supply of homes for sale was down 24% from a year ago, and new listings fell by 42%, but home prices were still up 5% SEATTLE , May 18, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The effects of the coronavirus pandemic and subsequent shutdowns hit the housing market in full force in April—according to a
May 15, 2020
Redfin survey shows more than 50% of people in New York, Seattle, San Francisco and Boston would move if work-from-home became permanent SEATTLE , May 15, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The sudden shift to remote work, brought on by the coronavirus shutdowns will likely accelerate a major
May 14, 2020
Pageviews of houses in small towns are surging amid the coronavirus pandemic, while big cities are staging a more modest comeback SEATTLE , May 14, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Pageviews of homes in small towns surged 105% year over year during the seven-day period ending May 1 , an
May 12, 2020
SEATTLE , May 12, 2020 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following investor conference: 15th Annual Needham Virtual Technology & Media Conference Tuesday, May 19 , at 12:15 p.m.
May 08, 2020
Redfin Analyzes Four Metros to See How the Coronavirus is Transforming the Housing Market SEATTLE , May 8, 2020 /PRNewswire/ -- (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 the coronavirus curve,
May 07, 2020
SEATTLE , May 7, 2020 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced financial results for the first quarter ended March 31, 2020 . All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation as well as depreciation and
May 01, 2020
The coronavirus has driven listings down across the board, but even at its lowest impact point - in the affordable market - there is still not enough supply of homes for sale to meet demand SEATTLE , May 1, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Between mid-March and mid-April, the new supply of
April 30, 2020
Redfin reports home-buying demand is down only 15% from April 20-26, but total inventory is at a 5-year low SEATTLE , April 30, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Home-buying demand took another step towards recovery, gaining strength for the third week in a row, according to Redfin's latest
April 29, 2020
Both low-income and affluent house hunters are getting squeezed by tightening lending restrictions SEATTLE , April 29, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Nearly half of all Americans financed their home purchases with down payments of less than 20% last year, according to a new analysis by
April 24, 2020
Robert Mylod to Remain as a Board Director SEATTLE , April 24, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today appointed David Lissy to become the chairman of its board of directors; Robert Mylod , who served as Redfin's chairman from 2016 until now, will remain on Redfin's board and
April 23, 2020
From April 13-19, home-buying demand was down 19% after dropping 34% in early April SEATTLE , April 23, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Home-buying demand shook off more than 5 million new claims for unemployment assistance and continued to strengthen this week, according to Redfin's latest
April 23, 2020
As demand for video-chat tours soars, Redfin continues expanding technology features for safely touring homes SEATTLE , April 23, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate brokerage, announced it launched  Direct Access, a program that lets
April 21, 2020
SEATTLE , April 21, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2020 results after the stock market closes on Thursday, May 7, 2020 . The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m.
April 20, 2020
Record-setting declines include a more than 10% decrease in new listings from a year earlier and a 9% drop in total number of home sales in a single month SEATTLE , April 20, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Home sales slipped and the number of homes listed for sale plunged as the U.S.
April 15, 2020
Redfin reports that for the seven days ending April 13, homebuying demand was down 25% compared to the prior year SEATTLE , April 15, 2020 /PRNewswire/ -- (NASDAQ: RDFN) —Spring started more than three weeks ago, but this week felt more like a new beginning.
April 14, 2020
Two-thirds of homeowners in Indianapolis could cover most or all of their monthly mortgage payment with a $1,200 check, compared to just 8% of homeowners in San Francisco SEATTLE , April 14, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — More than three-quarters of U.S.
April 09, 2020
Redfin reports homebuying demand down 26% year-over-year from April 1-7, compared to a 33% decline the previous seven days SEATTLE , April 9, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The U.S. is confronting what is likely to be the deadliest week so far in the coronavirus outbreak, and with over 10
April 09, 2020
More Homebuyers Now Making Offers on Homes They Toured Virtually SEATTLE , April 9, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — One-third of home-tour requests made by customers last week were for agent-led video-chat tours, according to Redfin ( www.redfin.com ), the technology-powered real estate
March 30, 2020
SEATTLE , March 30, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that it has reached an agreement to sell $110 million of capital stock to Durable Capital Partners LP ("Durable"). The proposed sale consists of $70 million of common stock at $15.61 per share and $40 million
March 23, 2020
As a Leading Technology-Powered Brokerage, Redfin Uses Virtual Tools and Local Agents to Allow Customers Nationwide to Safely Move Forward with Home Hunting Plans SEATTLE , March 23, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate brokerage, saw a
March 20, 2020
Amid stock market crash and coronavirus fears, just 32% of consumers expect home prices to increase, down from 56% in December SEATTLE , March 20, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Nearly one-third of homebuyers and sellers expect home prices to increase when the next recession hits, according
March 12, 2020
A buyer who could afford a $457,000 home in March 2019 could afford a $508,000 home today In Dallas and Portland, Oregon the share of homes affordable for a $2,500 monthly payment increased, while Phoenix and Las Vegas have fewer affordable homes even with lower rates SEATTLE , March 12, 2020
March 02, 2020
For 25% of Americans, telecommuting increases after a move SEATTLE , March 2, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — One in four U.S. residents work remotely more frequently after moving to a new metro area, according to a new survey conducted by Redfin ( www.redfin.com ), the technology-powered
February 26, 2020
iBuyers Purchased 1 in 100 Homes that Sold in the U.S. in 2019 SEATTLE , Feb. 26, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The nation's top iBuyers purchased 1 of every 100 homes that sold in 2019, according to the latest iBuyer analysis from Redfin ( www.redfin.com ), the technology-powered real
February 25, 2020
According to a Redfin survey, an increase in natural disasters is especially concerning to young minorities in the South and Northeast SEATTLE , Feb. 25, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — A majority of homebuyers and sellers are concerned about climate change, according to a new report from
February 24, 2020
Survey of more than 500 Redfin agents shows increase in bidding wars across U.S. markets SEATTLE , Feb. 24, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — A majority of offers submitted by Redfin agents faced competition in January, according to a survey of more than 500 agents across the nation in a new
February 20, 2020
Redfin Premier Offers Premium Marketing Program for Million-Dollar Homes SEATTLE , Feb. 20, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate brokerage, has launched a new offering for homes listed at $1 million and above.
February 14, 2020
Homebuyers and Sellers Can Now Work with Full-Service Redfin Agents and Search for Homes on Redfin Website and App SEATTLE , Feb. 14, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Redfin ( www.redfin.com ), the tech-powered real estate brokerage, announced its launch today in Flagstaff, Arizona .
February 14, 2020
Las Vegas, Charlotte and Orlando will also be among the most attractive metros for affordability-seeking homebuyers in the coming decade SEATTLE , Feb. 14, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Spokane , Las Vegas , Charlotte and Orlando are the metros most primed for growth over the next decade,
February 13, 2020
Imbalance between demand from homebuyers and supply of homes for sale is heating up many markets across the U.S. SEATTLE , Feb. 13, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — U.S. home-sale prices increased 6.7% year over year in January to a median of $306,400 , according to a new report from Redfin (
February 12, 2020
SEATTLE , Feb. 12, 2020 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced financial results for the fourth quarter and full year ended December 31, 2019. All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation as well as
February 11, 2020
Sales of new homes are up the most since 2017, but new home construction lags in expensive cities SEATTLE , Feb. 11, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — New-home sales rose 8.8% year over year in the fourth quarter, the biggest gain in more than two years and the third-consecutive quarter of
February 10, 2020
SEATTLE , Feb. 10, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — New York , San Francisco and Boston are the most walkable cities in the U.S. in 2020, according to a new ranking from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. Those three cities, along with Philadelphia , Miami
February 07, 2020
Affordable stalwarts Phoenix, Sacramento, Las Vegas and Atlanta continued to dominate the list of top migration destinations SEATTLE , Feb. 7, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Twenty-six percent of home searchers looked to move to another metro area in the fourth quarter of 2019, compared to
February 06, 2020
The 1.6% climb leaves market better off than it was at the start of 2019, but sale prices still have room to grow SEATTLE , Feb. 6, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- The average sale price for luxury homes nationwide climbed 1.6% year over year to $1.63 million in the fourth quarter of 2019, a
January 31, 2020
Swing voters make up the largest portion of state's voter pool at nearly 40% as Iowans shun political parties and millennials migrate from neighboring Midwestern cities SEATTLE , Jan. 31, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Ahead of Monday's Iowa caucuses, Redfin ( www.redfin.com ) reports that
January 30, 2020
Homebuyers pay nearly a quarter for more walkable homes, but that's less than in the past SEATTLE , Jan. 30, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — In U.S. cities, homes within walking distance of schools, shopping, parks and other urban amenities sell for an average of 23.5%, or $77,668 , more than
January 29, 2020
SEATTLE , Jan. 29, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) will release fourth-quarter and full-year 2019 results after the stock market closes on Wednesday, February 12, 2020 . The company will host a live webcast of its conference call to discuss the results at 1:30 p.m.
January 29, 2020
The direction of this year's housing market is clear ahead of the weekend football game SEATTLE , Jan. 29, 2020 /PRNewswire/ -- NASDAQ: RDFN — The U.S. housing market is off to a strong start in 2020 as a deepening shortage of homes for sale and surging homebuyer demand are set to push prices up at
January 28, 2020
With a housing affordability crisis in full swing, neighborhoods with lower home prices surge in popularity SEATTLE , Jan. 28, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The southeast states of Virginia , Florida , North Carolina and Tennessee are home to half of this year's top neighborhoods to watch,
January 23, 2020
Tech-powered lender offers fully underwritten pre-approvals and 25 day closing guarantee SEATTLE , Jan. 23, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Redfin Mortgage , LLC is now offering loans to homebuyers in New Jersey and South Carolina . Redfin Mortgage is a subsidiary of Redfin ( www.redfin.com
January 17, 2020
A record shortage of homes for sale drove prices up on a monthly and annual basis SEATTLE , Jan. 17, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- U.S. home-sale prices increased 6.9% year over year in December to a median of $312,500 , according to a new report from Redfin ( www.redfin.com ), the
January 08, 2020
Fewer than 1 in 10 homebuying offers faced competition SEATTLE , Jan. 8, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Just 9% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war nationwide in December, down from 12% a year earlier and setting another new 10-year