Redfin Reports Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year
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Redfin reports a 12% year-over-year increase in active housing listings for the four weeks ending December 22, marking the smallest increase since March. Redfin will resume full market commentary after the holidays.
December 27, 2024 | 1:15 pm
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POSITIVE IMPACT
Redfin reported a 12% year-over-year increase in active housing listings for December, indicating a rise in housing supply. This could impact Redfin's revenues and stock price.
The increase in housing supply could lead to higher transaction volumes for Redfin, potentially boosting revenues. This positive development may lead to a short-term increase in Redfin's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100