Redfin Corp

NASDAQ:RDFNUnited States

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• Over 1 in 5 US Renters Spend Entire Regular Income on Rent, Redfin Says, from 9 hours ago by MT Newswires

  9 hours ago by MT Newswires
  Companies Mentioned: RDFN
  11:00 AM EST, 11/22/2024 (MT Newswires) -- Roughly 22% of renters in the US spend their entire regular income to pay rent, according to a survey commissioned by Redfin (RDFN). The survey, conducted in September by Ipsos, was fielded to 1,802 adults....

• DJ Real Estate Investor Buying Levels Out After Frantic Pandemic Era -- Market Talk, from 9 hours ago by Dow Jones

  9 hours ago by Dow Jones
  Companies Mentioned: RDFN
  
  1048 ET - Real estate investors bought 2.3% fewer homes in 3Q than a year earlier, according to Redfin. The small size of the change is notable because it comes after four years of huge swings driven by the pandemic-era housing market, the real estate broker says. Investor purchases surged as much as 144% year- over-year in 2021, then dropped as much as 47% last year. Investor home purchases have settled near pre-pandemic levels of around 50,000 per quarter, with typical seasonal ups and downs. Investors bought 49,380 homes in 3Q, compared with 50,535 last year. Investors were buying nearly 100,000 homes per quarter during the 2021 homebuying frenzy. In dollar terms, investors purchased $38.8 billion worth of homes in 3Q, up 3.4% from a year earlier, similar to the increase in home-sale prices over the same period, Redfin says.(chris.wack@wsj.com)
  

• DJ Second Jobs, Retirements Funds Helping to Pay Rent -- Market Talk, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: RDFN
  
  1002 ET - Just over one in five--22%--of U.S. renters say all of their regular income goes directly to paying their rent, Redfin says. Working a second job is also a fairly common way for renters to pay housing costs, with 20% of renters citing that method. Nearly the same share--19%--say they have worked a job they hated to afford rent. Renters also use money that was earmarked for retirement to pay their housing costs, including retirement funds. About 12% contributed less to retirement savings. Rental affordability may improve in the near future, Redfin says, with prices already showing signs of losing steam as more newly constructed apartments come on the market. Renting is a popular choice because affordability has become even more strained for people looking to buy a home. (chris.wack@wsj.com)
  

• Redfin Says Investor Home Purchases Stabilizing, Nearing Pre-Pandemic Levels, from 10 hours ago by MT Newswires

  10 hours ago by MT Newswires
  Companies Mentioned: RDFN
  09:30 AM EST, 11/22/2024 (MT Newswires) -- Redfin (RDFN) said Friday that investors purchased 2.3% fewer homes in Q3 than a year earlier, a "much smaller" change compared with the huge swings in the past four years driven by the pandemic-era housing...

• More Than 1 in 5 Renters Say Their Entire Paycheck Goes to Rent: Redfin Survey, from 11 hours ago by Dow Jones

  11 hours ago by Dow Jones
  Companies Mentioned: RDFN
  
  More Than 1 in 5 Renters Say Their Entire Paycheck Goes to Rent: Redfin Survey
  
  22% of U.S. renters say all their regular income goes toward rent payments. 19% of renters report they have worked a job they hated to afford rent.