Redfin Shares Surge: New Home Listings Boom!
Friday, Jun 6, 2025 4:24 am ET1min read
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Redfin Corporation rose 1.20% in premarket trading, with the company reporting a 6.3% year-over-year increase in new U.S. home listings for the four weeks ending June 1. However, new listings declined year over year in 11 of the 50 most populous U.S. metros, with significant drops in San Jose, CA, and four Florida metros. Additionally, Rocket CompaniesRKT--, Inc. announced a private offering of $4 billion in senior notes, which will be guaranteed by RedfinRDFN-- upon the completion of the proposed acquisition.
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