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RDFN
StockNews.AI
82 days

The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall.

1. There are 1.9 million sellers versus 1.5 million buyers in the U.S. market. 2. This historic imbalance may affect RDFN's market positioning and operations.

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FAQ

Why Bullish?

The buyer-seller imbalance suggests a favorable market for sellers, potentially boosting RDFN's revenue through increased transaction volume. Historical data shows that increased seller activity can lead to heightened brokerage revenues, as seen in previous market cycles.

How important is it?

The disparity between sellers and buyers directly impacts market dynamics, influencing RDFN's strategies and financial performance, making it a critical factor for stakeholders.

Why Short Term?

The current seller-buyer ratio will likely impact RDFN’s operations immediately, influencing transaction volumes and commission income in the upcoming quarters, as the trends in real estate can change quickly.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — There are an estimated 1.9 million home sellers in the U.S. housing market and an estimated 1.5 million homebuyers, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In other words, there are 33.7% more sellers than buyers (or 490,041 more, to be exact). At no other point in records dating back to 2013 have sellers outnumbered buyers by this large of a number or percentage. A year ago, sellers outnumbered.

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