RedfinNASDAQ: RDFN

For the four weeks ended June 23, the typical home sold for slightly less than its asking price. A little less than two thirds of homes, however, sold over asking price in the last month, but that is the lowest share since June 2020.

The Consumer Price Index (CPI) hit a 40-year high in June 2022. The Federal Reserve aggressively hiked interest rates to tame inflation, which put the brakes on real estate sales.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Home sales fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There have been just two months in the past decade with fewer home sales: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic brought the housing market to a halt and home sales to a record l.

Redfin (RDFN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price hit an all-time high of $394,000 during the four weeks ending June 9, up 4.4% year over year—the biggest increase in about three months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There are signs that home-price growth could ease soon. Asking prices have leveled off, and 6.5% of home sellers are cutting their asking price, on average, the highest share since N.

Real estate stocks RDFN, ZG, and COMP are on the move today. According to Redfin, 2 in 5 listing are sitting on the market for 60 days or more.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 0.8% year over year in May to $1,653 — the highest level since October 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the second consecutive increase (rents climbed 0.9% year over year in April) following 11 months of decreases. Rents rose 0.5% on a month-over-month basis. Apartment prices are closely tied to apartment supply. Multifamily construction surged.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Housing markets in western Florida are cooling faster than anywhere else in the country as natural disasters intensify, new construction soars and the pandemic-era homebuying demand boom fades further into the rearview mirror. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. North Port's housing market is cooling fastest, followed by Tampa and Cape Coral. There are three other Florida metros on th.

Home prices will fall this summer as owners cave to selling pressure, according to Redfin's CEO. The real estate brokerage is anticipating a 1% price drop by the end of the year.