Redfin Reports U.S. Home Prices Rose 0.4% in December
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Redfin reported a 0.4% increase in U.S. home prices in December, slightly faster than November's 0.5% growth. Annually, home prices rose 5.4% in 2024, marking the smallest increase since 2015.
January 21, 2025 | 6:30 pm
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Redfin reported a 0.4% increase in U.S. home prices for December, with a 5.4% annual rise in 2024, the smallest since 2015. This could impact Redfin's stock as it reflects the housing market's performance.
The report indicates a modest increase in home prices, which is crucial for Redfin as a real estate brokerage. The slower annual growth might suggest a cooling market, but the positive monthly increase could support Redfin's stock price.
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IMPORTANCE 80
RELEVANCE 100