Redfin Corp

NASDAQ:RDFNUnited States

Nov 8, 2024

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• DJ Redfin Is Maintained at Neutral by Wedbush, from 11:08AM ET on Friday Nov 08, 2024 by Dow Jones

  11:08AM ET on Friday Nov 08, 2024 by Dow Jones
  Companies Mentioned: RDFN
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/RDFN/analyst-ratings
  
  (END) Dow Jones Newswires
  
  November 08, 2024 11:08 ET (16:08 GMT)
  

• DJ Redfin CEO Thinks Prospective Homebuyers May Be Out Of Reasons To Wait -- Market Talk, from 10:24AM ET on Friday Nov 08, 2024 by Dow Jones

  10:24AM ET on Friday Nov 08, 2024 by Dow Jones
  Companies Mentioned: RDFN
  
  1023 ET - Redfin isn't sure what to expect from the housing market in 2025. "With the election now over, many people who put off plans to buy or sell a home over the last two years may have run out of reasons to wait," says CEO Glenn Kelman on a 3Q analyst call. The real-estate brokerage company notes that higher mortgages as well as the presidential election were a common source of anxiety among buyers in September and October, a sentiment that's been echoed by numerous companies tied to the housing market. Many home builders expect the housing market to grow next year, but factors affecting mortgage rates and any possible tariffs may alter the pace of a recovery. (denny.jacob@wsj.com; @pennedbyden)
  

• DJ Redfin CEO Sees Abnormal Behavior Among Homebuyers Recently -- Market Talk, from 10:14AM ET on Friday Nov 08, 2024 by Dow Jones

  10:14AM ET on Friday Nov 08, 2024 by Dow Jones
  Companies Mentioned: RDFN
  
  1013 ET - Redfin is seeing some bizarre conditions in the market. The real-estate brokerage company says since September 18 and even through last weekend, homebuyers haven't been deterred by increasing mortgage rates, tariffs possibly increasing and government deficits that make debt investors anxious. "In my 19 years of running Redfin, I've never seen homebuyers react so slowly to a rate drop that lowered monthly payments by hundreds of dollars, then so unflinching as those savings disappeared," says CEO Glenn Kelman on a 3Q analyst call. (denny.jacob@wsj.com; @pennedbyden)