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StockNews.AI
133 days

Redfin Survey: 1 in 5 Homebuyers Expect to Sell Stocks to Fund Down Payment

1. 20% of prospective homebuyers plan to sell stocks for down payments. 2. 13% of homeowners sold stocks to assist with down payments.

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Why Bullish?

Increased demand for real estate funding through stock liquidation can bolster RDFN's market. Historical trends show when homebuyer confidence rises, real estate services thrive, as seen in 2020's recovery.

How important is it?

The survey indicates shifts in buyer funding strategies that directly relate to RDFN's business model. Increased homebuyer activity affecting market dynamics is crucial for RDFN's stock performance.

Why Short Term?

Homebuyer decisions to sell stocks can quickly influence market dynamics. Similar trends occurred in previous market recoveries, which positively affected RDFN revenues.

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — One in five (20%) prospective homebuyers expect to sell stocks to help fund their next down payment, according to a new survey from Redfin (www.redfin.com), the technology-powered real estate brokerage. When it comes to people who own homes, roughly one in eight (13%) homeowners report selling stocks to help fund their down payment. One in 10 (10%) homeowners have sold stocks to help afford their mortgage payments. Renters are less likely to use stock.

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