Redfin Reports Housing Supply Hits Highest Level Since 2020, But Demand Falls to Lowest Level Since 2020
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Redfin reports that housing supply has reached its highest level since 2020, but demand has fallen to its lowest level since 2020 due to rising housing costs. Pending home sales in January saw a significant decline.
February 13, 2025 | 1:45 pm
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Redfin's report indicates a challenging housing market with high supply but low demand, impacting pending home sales negatively. This could affect Redfin's revenue and stock price.
The report highlights a mismatch between housing supply and demand, with pending home sales dropping significantly. This situation could negatively impact Redfin's revenue, as fewer transactions may lead to lower earnings. Consequently, Redfin's stock price might experience downward pressure in the short term.
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