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The housing market can't get much worse from here, according to Redfin CEO Glenn Kelman. High mortgage rates and high prices have crushed affordability for buyers.

Why Redfin Stock Rocketed 30% Higher This Week

05:53pm, Friday, 17'th Nov 2023
The economic news this week featured falling U.S. inflation and lower mortgage rates. Redfin is reporting an increase in mortgage applications.
Mortgage rates have soared north of 7% in recent months, driven higher by the Federal Reserve's war on inflation. Loans are so expensive that many poorer Americans have been priced out of the housing
Upstart, Redfin, and Truist have all been stymied by rising rates, which has slowed demand for housing and consumer loans and made lending more difficult. The latest data suggests that inflation is co

Redfin's Opportunity?

07:00am, Saturday, 11'th Nov 2023
Plus a look at three lessons from WeWork's bankruptcy filing.
Addressing the much discussed but controversial topic of housing stocks to sell, it's important to stick with the facts. While promoting a doom-and-gloom narrative for its own sake doesn't offer much

Why Redfin Stock Lost 34% in October

05:07pm, Tuesday, 07'th Nov 2023
Mortgage rates continued to rise, and existing home sales fell again last month. The stock fell on a $1.8 billion verdict against the National Association of Realtors.
There's one sign after another, it seems, pointing to a housing market crash in 2024 or even this year. Not long ago, the 30-year fixed mortgage interest rate hovered near 8%.
Glenn Kelman, Redfin CEO, joins 'Closing Bell Overtime' to talk quarterly earnings, the U.S. housing market, cost cutting measures and more.

Why Redfin Stock Catapulted Higher Today

12:24pm, Friday, 03'rd Nov 2023
Redfin is making progress toward revenue growth again. The company reported positive adjusted EBITDA in the quarter and market share gains.
The headline numbers for Redfin (RDFN) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estim
Real estate stocks stand to benefit if the Fed is done raising rates. Existing home sales have been crushed by rising mortgage rates.
Shares of real-estate names plunged Tuesday following a jury ruling that has the potential to shake up the way people purchase homes.

Why Redfin, Opendoor, and Zillow Plunged Today

05:38pm, Tuesday, 31'st Oct 2023
All housing brokerage firms were down today in the wake of a major court decision. It adds insult to injury during the most challenging housing environment in years.
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