Redfin Reports Pending Home Sales Rise After Post-Election Surge in Home Tours
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Redfin reports a 12.1% year-over-year increase in U.S. pending home sales for the four weeks ending November 24, marking the largest rise since May 2021. This surge is attributed to increased homebuying demand post-election.
November 27, 2024 | 7:00 pm
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Redfin reports a significant 12.1% increase in pending home sales, the largest since May 2021, driven by post-election demand. This positive trend could boost Redfin's revenues and stock price.
The reported increase in pending home sales suggests a strong demand for Redfin's services, likely leading to higher revenues. This positive news is expected to have a favorable impact on Redfin's stock price in the short term.
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