Shares of Redfin Corp. slid 5.4% in morning trading Thursday, after the technology-powered real estate brokerage said home sales suffered a record monthly...
Shares of Redfin Corp.
slid 5.4% in morning trading Thursday, after the technology-powered real estate brokerage said home sales suffered a record monthly drop, as elevated housing costs kept buyers and sellers on the sidelines. The company said that on a seasonally adjusted basis, home sales in November fell 35.1% from the same period a year ago, the biggest year-over-year drop in Redfin’s records dating back to 2012. New listings slumped 28.4% while supply increased 4.
slid 5.4% in morning trading Thursday, after the technology-powered real estate brokerage said home sales suffered a record monthly drop, as elevated housing costs kept buyers and sellers on the sidelines. The company said that on a seasonally adjusted basis, home sales in November fell 35.1% from the same period a year ago, the biggest year-over-year drop in Redfin’s records dating back to 2012. New listings slumped 28.4% while supply increased 4.
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