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Redfin Reports 6% of Today's Home Sellers Are at Risk of Selling at a Loss

1. 6% of U.S. home sellers risk selling at a loss, increasing from 4.4%. 2. San Francisco faces nearly 20% risk, while Providence has virtually zero.

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$11.34506/25 03:45 PM EDTLatest Updated
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FAQ

Why Bearish?

The increase in sellers risking loss may indicate declining home values, impacting Redfin's market position. Historical market downturns often saw similar signs, leading to reduced transaction volumes and fees for real estate firms like Redfin.

How important is it?

Changes in seller risk directly affect Redfin's revenue and market competitiveness. An increase in home sellers potentially selling at a loss signals softening demand, which could alter Redfin's financial outlook significantly.

Why Short Term?

The immediate market dynamics could affect transaction volumes this quarter, given current seller conditions. Previous downturns, such as the 2008 crash, showed rapid impacts on real estate firms within months.

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly 6% of today's U.S. home sellers are at risk of selling for less than their purchase price—up from 4.4% a year ago, but still well below pre-pandemic levels—according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The story is different in different parts of the country. Virtually zero sellers in Providence, RI, for instance, are at risk of selling their home at a loss. But in San Francisco, nearly 20%.

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