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The Latest Breaking News from Redfin

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same'

Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost.

Los Angeles Times

Redfin to lay off hundreds as housing market cools

The cooling housing market is catching up with Seattle's real estate tech companies.

Tribune News Service

Cooling housing market prompts layoffs at Redfin

Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off

The Independent UK

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Redfin laying off 8% of its staff

"We could be facing years, not months, of fewer home sales, and Redfin still plans to thrive."

Axios

Housing Beat: Mortgage Rates Up Again, Homes With High Fire Risks Sell For More

This week in the housing market, mortgage rates resumed their upward movement, mortgage applications continued their downward movement and industry experts weighed in on the arrival of the next recession.

Benzinga

Revoking job offers is an increasingly common cost-cutting strategy

More leaders are seeing rescission as a feasible strategy,

Axios

Investors Are Buying Up More Than 25% Of The Available Homes In These Markets

Amongst the competitive real estate markets, it’s not just first-time home buyers or sellers looking to downsize or expand. A good chunk of the competition is investors.

Benzinga

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Housing Beat: Mortgage Rates Flatten As Sun Belt Sees New Boom In Home Building

This week in the housing market, mortgage rates were mostly flat, mortgage application volume was down and the Sun Belt is shining with new single-family home construction.

Benzinga

The real estate buying frenzy is over

"The market's shifted from irrational to more rational."

Axios

Peering Into Redfin's Recent Short Interest

Redfin's (NASDAQ:RDFN) short percent of float has risen 3.85% since its last report. The company recently reported that it has 13.62 million shares sold short, which is 13.23% of all regular shares that are available for trading.

Benzinga

Housing Beat: Mortgage Rates Dip, Home Sales Flatten, Reverse Mortgages Get New Cred

The latest news from the housing industry finds mortgage rates dipping slightly while home sales decelerate and reverse mortgages gain greater attention.

Benzinga

Better Buy: Opendoor vs. Redfin

In this article I will analyze and compare Opendoor Technologies (OPEN) and Redfin (RDFN) to determine which real estate technology stock is currently a better buy.

StockNews.com

The crazy housing market is finally slowing

But rising mortgage rates will continue to put the squeeze on buyers.

Axios

Housing Beat: Mortgage Rates Keep Climbing As Inventory Levels Slowly Expand

More homebuyers were taking out mortgages despite climbing rates while the tight housing inventory is showing signs of improving. Nonetheless, many homebuyers are not optimistic about the housing market’s near future.

Benzinga

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Benzinga

Expert Ratings for Redfin

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

Benzinga

Housing Beat: 30-Year Mortgage At 13-Year High; Major Lenders In LinkedIn Spat

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders.

The Independent UK

Redfin settles lawsuit alleging housing discrimination

Fair housing advocates have announced a settlement to resolve a lawsuit against real estate brokerage Redfin that will expand housing opportunities for consumers in communities of color

Tribune News Service

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.

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Benzinga

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.

Axios

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

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

Benzinga

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

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.

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