|Bid||0.00 x 1800|
|Ask||0.00 x 1400|
|Day's Range||5.20 - 5.60|
|52 Week Range||3.08 - 42.99|
|Beta (5Y Monthly)||1.96|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 15, 2023 - Feb 20, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.58|
SEATTLE, December 01, 2022--(NASDAQ: RDFN) —Homebuying demand has started ticking up as mortgage rates continue their steady decline, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Homebuyers who were fortunate enough to purchase in 2021 and earlier this year were able to lock in incredibly low mortgage rates. However, given the sharp rise in rates since then, individuals who currently have lower rates may be feeling the "lock-in effect," which some experts characterize as homeowners who locked in a lower rate being unwilling to sell their home and buy a new one with higher interest rates. The Data: Nearly 85% of American homeowners who have mortgages have interest rates t
Luxury buyers' tastes have changed since the onset of the pandemic. Prior to the arrival of Covid-19, open floor plans were all the rage. Luxury buyers aren't interested in messing around with renovations.