Redfin stock moves on fresh housing data and merger
Article excerpt
Redfin stock (ISIN US75734B1008) now sits in the middle of Rocket Companies' housing platform after the merger, while Redfin's September 3, 2026 market update showed U.S. new listings up 2.1 percent week over week to a four-year high and active listings up 0.4 percent. The same report said the median U.S. sale price was $398,632 in the four weeks ending August 30, 2026. Redfin said pending home sales were down 0.1 percent week over week and had fallen to their lowest level since February, which underlines the gap between supply and demand. The report also put the average weekly mortgage rate at 6.66 percent for the week ending August 27, 2026, while the daily average 30-year fixed rate reached 6.91 percent on September 2, 2026. For investors, the comparison matters: new listings rose 2.1 percent in one week, but pending sales were still flat at -0.1 percent, so inventory is improving faster than demand. The median asking price slipped 0.1 percent year over year to $392,828, which points to a market where sellers are adjusting faster than buyers. A second Redfin report dated September 3, 2026 showed luxury home-sale prices in Miami up 18 percent year over year in July and Tampa up 15.4 percent, versus 5.3 percent for U.S. luxury prices overall. West Palm Beach stood out with luxury sales up 43.9 percent year over year, the strongest increase in the report. The number that...
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Redfin Corporation shares were merged into Rocket Companies, and Robinhood's corporate actions tracker says RDFN shareholders receive 0.7926 RKT shares for each Redfin share.
