News Releases

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October 20, 2020
Competition in the housing market remains fierce, but has cooled slightly amid a seasonal slowdown and surging home prices SEATTLE , Oct. 20, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — 56.3% of Redfin offers on homes faced competition nationwide in September, down from a revised rate of 59.1% in August,
October 20, 2020
Movement from costly West Coast cities has likely factored into the uptick in registered Democrats in Arizona and Nevada, while wealthy retirees moving to Florida and North Carolina could be contributing to the increase in registered Republicans in those states. SEATTLE , Oct.
October 19, 2020
Home prices skyrocketed more than 14% year over year in September, the biggest increase on record   The real estate market also experienced historically high sales growth and the fastest pace Redfin has ever recorded SEATTLE , Oct. 19, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home
October 16, 2020
SEATTLE , Oct. 16, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The median sale price of homes in zip codes with a low wildfire risk has increased 101% since 2012, compared with an 88% increase for homes in high-wildfire-risk zip codes, according to a new report  from Redfin ( www.redfin.com ), the
October 16, 2020
SEATTLE , Oct. 15, 2020 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that it has priced $575 million aggregate principal amount of 0% convertible senior notes due 2025 (the "notes"). The aggregate principal amount of the offering was increased from the previously announced
October 15, 2020
The Redfin analysis, which excludes New York City, also finds that 57% of condos in Trump-branded buildings mention "Trump" in the online listing description, down from 78% four years ago SEATTLE , Oct. 15, 2020 /PRNewswire/ -- (NASDAQ: RDFN) —The typical "Trump" branded condo sold for a median of
October 14, 2020
SEATTLE , Oct. 14, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that it proposes to offer $525 million aggregate principal amount of convertible senior notes due 2025 (the "notes"), subject to market conditions and other factors.
October 13, 2020
Meanwhile, sales of affordable homes falter, highlighting the pandemic's uneven impact on Americans with less wealth SEATTLE , Oct. 13, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- U.S. luxury home sales increased 41.5% year over year in the third quarter, according to a new report from Redfin (
October 09, 2020
RedfinNow gives homeowners a convenient, flexible and safe new home-selling option SACRAMENTO, Calif., Oct. 9, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Homeowners in the Sacramento area can now get a cash offer for their home from RedfinNow, the iBuying service of Redfin, the technology-powered real
October 08, 2020
National median home price hit a new record of $320,625 SEATTLE , Oct. 8, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 15% year over year to $320 ,625—the highest on record, according to a new report from Redfin ( redfin.com ), the technology-powered real estate
October 08, 2020
Migration to Arizona could play a part in flipping the swing state blue in this year's presidential election SEATTLE , Oct. 8, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — More people moved from blue (Democratic) to red (Republican) counties than from red to blue counties in the spring, according to a new
October 06, 2020
Analysis Finds Past Presidential Elections Had Little Impact on Home Sales   Redfin Forecasts $6.2M Homes Sales in 2020, the Most Since 2006 SEATTLE , Oct. 6, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Twenty-two percent of homebuyers and sellers said the upcoming presidential election is impacting
October 05, 2020
SEATTLE , Oct. 5, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 14% year over year to $319 ,769—the highest on record, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. The 14% jump was the largest since August 2013 .
October 02, 2020
Remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge. SEATTLE , Oct. 2, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Condo sale prices in
September 25, 2020
SEATTLE , Sept. 25, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 14% from 2019 to $319 ,978—the highest on record—according to a new repor t from Redfin ( redfin.com ), the technology-powered real estate brokerage. The 14% year-over-year increase was the largest since
September 25, 2020
The new-homes market is recovering--with sales on the rise--but hurdles including a lumber shortage are still hampering builders SEATTLE , Sept. 25, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — New listings of newly-built homes dropped 4.1% year over year to a seasonally-adjusted rate of 74,000 in August,
September 24, 2020
Sacramento, Austin and Phoenix Are the Most Popular Destinations SEATTLE , Sept. 24, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Nationwide, 28.7% of Redfin.com users looked to move to another metro area in July and August, according to the latest migration report from Redfin ( www.redfin.com ), the
September 22, 2020
Relatively inexpensive areas outside major cities--like El Dorado County, just east of Sacramento, and Camden County, across the river from Philadelphia--are gaining ground with homebuyers as New York City and San Francisco lose steam SEATTLE , Sept. 22, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Nine
September 18, 2020
Homes are selling the fastest in swing counties, a reflection of rising interest in the suburbs as the pandemic drives homebuyers to prioritize space SEATTLE , Sept. 18, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- The median home price in blue counties nationwide rose 13.1% from a year earlier to
September 17, 2020
New listings climbed 5% in August, fueling a 30% increase in pending sales SEATTLE , Sept. 17, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home price rose 11.0% year over year to $328,400 in August—the largest annual increase since February 2014 .
September 16, 2020
People moving in from expensive cities and locals with changing needs are contributing to rising home prices and fast sales even as tourism industry takes the brunt of the pandemic's economic impact SEATTLE , Sept. 16, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The typical home-sale price in the Las
September 15, 2020
RedfinNow buys homes directly, giving homeowners liquidity, certainty and safety PALM SPRINGS, Calif. , Sept. 15, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Redfin, the technology-powered real estate brokerage, announced that homeowners in the Palm Springs area can now get a cash offer for their home
September 14, 2020
Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face steeper home price increases as white homebuyers move to more affordable suburbs SEATTLE , Sept. 14, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Home prices in neighborhoods where Black people
September 11, 2020
Buyers seem undeterred, as pending sales soar 28% and a 9% increase in new listings brings little relief SEATTLE , Sept. 11, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The U.S. median home sale price increased 13% from 2019 to $319 ,178—the highest on record, according to a new report from Redfin (
September 11, 2020
An appealing option for homeowners seeking liquidity, certainty and safety, iBuyers are now making a comeback after purchasing the fewest homes in more than three years in the second quarter SEATTLE , Sept. 11, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The nation's top iBuyers bought 880 homes in the
September 04, 2020
Nearly 55% of Redfin offers faced bidding wars in August. Competition is still fierce in coastal California and in more affordable places like Sacramento and Phoenix. SEATTLE , Sept. 4, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 54.5% of Redfin offers on homes faced competition in August,
September 03, 2020
San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities SEATTLE , Sept. 3, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The number of homes for sale dropped for the twelfth-straight month in July, plummeting nearly 20% to just 1.9 million homes—the lowest level of
September 03, 2020
Historically low rates are motivating homebuyers even though prices were up 8.2% year over year in July, effectively cancelling out the 6.9% increase in purchasing power SEATTLE , Sept. 3, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — A homebuyer with a $2,500 monthly housing budget can afford a home
September 01, 2020
SEATTLE , Sept. 1, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The U.S. housing market heated up even more during the four-week period ending August 23 with strong sales and price growth unfazed by seasonality, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate
August 28, 2020
The coronavirus pandemic is exacerbating the trend of moving from expensive coastal areas like San Francisco and New York to affordable inland places like Sacramento, Phoenix and Las Vegas SEATTLE , Aug. 28, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — 27.8% of all Redfin.com users looked to move to
August 27, 2020
San Francisco has seen a greater increase in price drops than any other U.S. metro, with the share of sellers slashing prices more than doubling from a year ago as the pandemic drives homebuyers out of the Bay Area SEATTLE , Aug. 27, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — A quarter (24.5%) of San
August 27, 2020
But Price Increases for Small Homes Were Higher in July than for Large Homes, as Buyers Chase Affordability SEATTLE , Aug. 27, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The typical home that sold in the four weeks ending August 16 was 3.7% larger (1,772 square feet) than the typical home that sold a
August 26, 2020
SEATTLE , Aug. 26, 2020 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following investor conference:     D.A. Davidson 19th Annual Software and Internet Virtual Conference Wednesday, September 9 , at 4:00 p.m.
August 25, 2020
SEATTLE , Aug. 25, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Home prices and year-over-year price gains hit another high as prices continued to rise during a time of year that they usually decline, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage.
August 25, 2020
A surge in homebuilding before the pandemic is now driving growth in new-home sales. A shift to the suburbs and record-low mortgage rates are also contributing factors. SEATTLE , Aug. 25, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Sales of newly-built homes climbed 10.1% year over year in July,
August 19, 2020
Tech-Powered Real Estate Brokerage Welcomes Experienced Human Resources Executive SEATTLE , Aug. 19, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate brokerage, today announced Kerry D. Chandler has joined its board of directors. Ms.
August 19, 2020
High-end home prices are showing strength during a recession, as the coronavirus pandemic drives demand for extra bedrooms, home offices, big backyards and pools SEATTLE , Aug. 19, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The median sale price for luxury homes in the U.S.
August 18, 2020
46% of homes had an accepted offer within the first two weeks on the market, the highest level since at least 2012 SEATTLE , Aug. 18, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The median price of homes that sold during the four-week period ending August 9 was up 10% year over year—the largest increase
August 17, 2020
As Real Estate Goes Virtual Amid Pandemic, Open Houses May Never Make a Full Recovery, Redfin Economist Predicts SEATTLE , Aug. 17, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 6% of homes that were put up for sale in July held an open house in their first seven days on the market, according
August 17, 2020
There's more demand--and less supply--for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Still, prices are up 6.7% in urban areas. SEATTLE , Aug. 17, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The median sale price for homes in rural areas nationwide
August 14, 2020
New listings surpassed 2019 levels for the first time since the pandemic began, up 3%, but failed to keep up with the rate of sales, up 5% year over year SEATTLE , Aug. 14, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home price rose 8.2% year over year to $323,800 in July, according
August 11, 2020
For the four-week period ending August 2, home sale prices were up 9% year over year to an all-time high of over $311,000 SEATTLE , Aug. 11, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — 46% of homes that went under contract during the four-week period ending August 2 found a buyer within two weeks of
August 10, 2020
54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale   Salt Lake City was the most competitive market, with 75% of offers encountering competition SEATTLE , Aug. 10, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — 54% of Redfin offers
August 05, 2020
1 in 5 Buyers Are Looking for a Designated Space to Work from Home SEATTLE , Aug. 5, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Three-quarters of homebuyers who plan to buy a home within the next 12 months say the coronavirus pandemic has impacted their homebuying plans, according to a survey conducted
August 03, 2020
Pending Home Sales Are Up 12% as Homebuyer Demand is 27% Above Pre-Pandemic Levels SEATTLE , Aug. 3, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price climbed 11% year over year for the week ending July 26 to a record-high $315,000 , according to the latest market report from Redfin
July 31, 2020
Homebuyer demand for condos is recovering more slowly than demand for single-family homes since the pandemic began, but buyers seeking affordability are starting to return SEATTLE , July 31, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Condo sale prices nationwide dropped 1.4% year over year to a median
July 30, 2020
SEATTLE , July 30, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the second quarter ended June 30, 2020 . All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation, depreciation and amortization,
July 30, 2020
Redfin survey finds 45% of recent homebuyers bid on a home without seeing it first in-person SEATTLE , July 30, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Almost half (45%) of people who bought a home in the past year made an offer on a property that they hadn't seen in person, the highest share since
July 28, 2020
More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates SEATTLE , July 28, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — 19.9% of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency in June,
July 23, 2020
SEATTLE , July 23, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Listing prices of homes for sale were up 13%, to an all-time high of $328,500 during the four-week period ending July 12 , according to a new report  from Redfin ( www.redfin.com ), the technology-powered real estate brokerage.      Closed
July 23, 2020
The coronavirus pandemic is causing homebuyers to rethink what they want in a home, with more people relocating to places where they can afford more outdoor space and room for home offices, according to Redfin agents SEATTLE , July 23, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- A record 27.4% of
July 17, 2020
Buyers, powered by record-low mortgage rates and untethered by the pandemic, continue to outnumber sellers, resulting in intense competition and rising prices SEATTLE , July 17, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home price rose 2.8% year over year to an all-time high of
July 16, 2020
SEATTLE , July 16, 2020 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) will release second-quarter 2020 results after the stock market closes on Thursday, July 30, 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.
July 15, 2020
Completed sales were 2% higher at the beginning of July than in January in February, pending sales up 10% SEATTLE , July 15, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Home sales surpassed pre-pandemic levels for the first time the week ending July 5 , up 2% on a seasonally adjusted basis compared to
July 10, 2020
54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall SEATTLE , July 10, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — More than half of Redfin offers for homes faced competition in June for the second month in a row, according to a new report from
July 08, 2020
Sellers are slowly returning to the market as new listings are down 8.3% for the week ending June 28, up from a 9.2% decline the previous week SEATTLE , July 8, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The housing market closed out the month of June on somewhat uneven footing as pending sales pulled
July 06, 2020
1 in 6 Black mortgage applicants is denied nationwide, compared to 1 in 14 white applicants - and the gap is even wider in the most segregated parts of the country   Banks most frequently cite debt and credit history when denying Black applicants, but bias in lending also plays a role SEATTLE ,
July 02, 2020
The latest data shows luxury home prices are starting to rebound SEATTLE , July 2, 2020 /PRNewswire/ -- (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 , according to a new report from Redfin (
June 30, 2020
Strong demand and tight supply fuel competition with a record-high 47% of listings finding a buyer in under two weeks SEATTLE , June 30, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Pending sales the week ending June 21 have nearly returned to 2019 levels, down just 3% year-over-year, according to the
June 29, 2020
Nationwide, 44% of Black families own their home versus 74% of white families SEATTLE , June 29, 2020 /PRNewswire/ -- (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, an increase that may reverse as
June 26, 2020
Low mortgage rates have attracted more buyers, especially first-timers, amid ongoing supply shortage SEATTLE , June 26, 2020 /PRNewswire/ -- (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 prices of the
June 26, 2020
Homeowners in Dallas, San Antonio, Los Angeles and Orange County, CA can once again get a cash offer from RedfinNow SEATTLE , June 26, 2020 /PRNewswire/ -- (NASDAQ: RDFN) --  Redfin, the technology-powered real estate brokerage, has resumed buying homes through RedfinNow in four additional markets:
June 25, 2020
A growing share of Redfin users look to leave the Bay Area, Washington, DC and Seattle for places like Sacramento, Las Vegas and Nashville SEATTLE , June 25, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- A record 27.0% of home searchers looked to move to another metro area in April and May 2020 ,
June 24, 2020
Homebuyers and Sellers in Southcentral Alaska Can Now Work with Full-Service Redfin Agents and Search for Homes on Redfin Website and App SEATTLE , June 24, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- Redfin ( www.redfin.com ), the tech-powered real estate brokerage, launched today in Anchorage , the
June 22, 2020
Homebuyers with secure, high-paying jobs and access to cash and credit take advantage of low mortgage rates, as job losses disproportionately affect low-income and Black workers already excluded from homeownership SEATTLE , June 22, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The impact of coronavirus
June 19, 2020
Reports that home prices nearly flattened as pending sales were up 33% and new listings increased 36% from April to May SEATTLE , June 19, 2020 /PRNewswire/ -- (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
June 15, 2020
Half of Redfin offers faced competition, up from 44% in April SEATTLE , June 15, 2020 /PRNewswire/ -- (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 ( www.redfin.com ), the technology-powered real estate
June 12, 2020
June 1-7 marks the eighth straight week of rising demand as new listings continue to recover and mortgage purchase applications surge SEATTLE , June 12, 2020 /PRNewswire/ -- (NASDAQ: RDFN) —  Seasonally adjusted homebuying demand for the week of June 1-7 is now 25% higher than it was pre-pandemic
June 11, 2020
The racist 1930s-era housing policy continues to widen the racial wealth gap as homeowners in redlined areas have earned 52% less in home equity SEATTLE , June 11, 2020 /PRNewswire/ -- (NASDAQ: RDFN) -- The typical homeowner in a neighborhood that was redlined for mortgage lending by the federal
May 29, 2020
Tech-powered lender offers digital closings, $1,000 closing credit and 25-day closing guarantee SEATTLE , May 29, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin Mortgage , LLC is now offering loans to homebuyers in Arizona , Delaware and New Hampshire .
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