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RDFN / Redfin sees pending home sales fall by a record in October, as cancellations surge

Redfin sees pending home sales fall by a record in October, as cancellations surge
Shares of Redfin Corp. RDFN, -10.61% tumbled 9.6% in midday trading Monday, after the real estate services company said pending home sales plunged 32.1% in October from a year ago, the most since it started keeping records in 2013. The drop off in pending sales comes as deal cancellations jumped to a record 17.9% of home that went under contract, and a record 23.9% of homes for sales experienced a price drop. Read More
Posted: Nov 21 2022, 12:30
Author Name: Market Watch
Views: 111453

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