Redfin Corporation (RDFN)
| Market Cap | 896.63M |
| Revenue (ttm) | 988.07M |
| Net Income (ttm) | -137.08M |
| Shares Out | 119.47M |
| EPS (ttm) | -1.19 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,505,351 |
| Open | 7.65 |
| Previous Close | 7.65 |
| Day's Range | 7.46 - 7.72 |
| 52-Week Range | 4.26 - 17.68 |
| Beta | 2.68 |
| Analysts | Hold |
| Price Target | 7.98 (+5.98%) |
| Earnings Date | May 7, 2024 |
About RDFN
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages. In addition, the company uses digital platforms to connect consumers with rental properties. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2... [Read more]
Financial Performance
In 2023, Redfin's revenue was $976.67 million, a decrease of -11.18% compared to the previous year's $1.10 billion. Losses were -$131.10 million, -59.37% less than in 2022.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for RDFN stock is "Hold." The 12-month stock price forecast is $7.98, which is an increase of 5.98% from the latest price.
News
Redfin Reports the Median U.S. Home Price Hit an All-Time High of $434,000 in April
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home sale price rose 6.2% year over year in April to $433,558—the highest level on record, according to a new report from Redfin (redfin.com)...
Redfin Expands Redfin Next Agent Pay Plan to 25 Additional Markets
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to 25 additional markets. Under Redfin Next, agents in these markets earn comp...
Redfin Report: The Sun Belt Is Seeing Some of the Biggest Rent Declines in America
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median asking rent in Seattle fell 7.3% year over year in April, according to a new report from Redfin (redfin.com), the technology-power...
Redfin Reports Mortgage Rates Dip Below 7% For First Time in 5 Weeks, Giving Buyers Some Much-Needed Relief
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Pending home sales fell 4.3% from a year earlier during the four weeks ending May 12, the biggest decline in roughly three months. That's acc...
Redfin Reports Investor Home Purchases Rise for the First Time in Nearly Two Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors bought roughly 44,000 U.S. homes in the first quarter of 2024, up 0.5% from a year earlier—the first increase since the second quarter ...
Redfin Reports Demand For Vacation-Home Mortgages Fell 40% in 2023 As Housing Costs Rose to Record High
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. homebuyers took out 90,772 mortgages for second homes in 2023, down 40% from a year earlier and down 65% from the height of the pandemic housing boom in...
Redfin Reports Record-High Monthly Payments Chill Spring Selling Season—But Declining Rates Could Boost Activity
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, up 14% from a year earlier, and ho...
Redfin to Present at 19th Annual Needham Technology & Media Conference
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: 19th Annual Needham Technology & Media Confe...
Redfin Reports First Quarter 2024 Financial Results
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its first quarter ended March 31, 2024. First Quarter 2024 First quarter revenue was $225.5 million, an increase...
Redfin shares rise after $9.25 million settlement over real-estate broker commission lawsuits
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longsta...
Redfin Reports Low-Income Americans Have Lost the Homebuying Progress They Made During the Pandemic
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly one in five (20.6%) new mortgages issued last year went to low-income Americans, bringing that group's piece of the homebuying pie back down to where...
Redfin Report: The Pool of People Taking Out Mortgages In America Is Becoming Less White
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The share of U.S. mortgages taken out by white homebuyers has declined over the last five years, while the share taken out by Hispanic, Black...
Redfin Report: For the First Time in Nearly 2 Years, There's No Major American Metro Where Home Prices Are Falling
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median home-sale price rose from a year earlier or stayed the same in all 50 of the most populous U.S. metros during the four weeks endin...
Redfin Reports Home Prices Stagnate in Florida and Texas as Supply Soars
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — On the west coast of Florida, housing supply is surging, sellers are cutting their asking prices and the time it takes to sell a home is soaring—all at a fas...
Redfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price hit a record $383,725 during the four weeks ending April 21, up 5.2% from a year earlier—one of the biggest j...
Redfin to Announce First-Quarter 2024 Results on May 7, 2024
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2024 results after the stock market closes on Tuesday, May 7, 2024. The company will host a live webcast of its c...
Nearly 40% of Homeowners Couldn't Afford Their Home If They Were to Buy It Today
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly two of every five (38%) homeowners don't believe they could afford to buy their own home if they were purchasing it today, according to a new report f...
Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — U.S. home prices climbed 0.6% from a month earlier on a seasonally-adjusted basis in March, matching February's 0.6% month-over-month gain, ...
Redfin, Offerpad, Zillow, Compass stocks are falling: here's why
Proptech stocks are having a bad year. Redfin (RDFN) stock price has crashed by over 62% this year while Offerpad (OPAD), Compass (COMP, and Zillow (Z) have plunged by over 26% and 27% this year.
Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever Before
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median-priced U.S. luxury home sold for a record $1,225,000 in the first quarter, up 8.7% from a year earlier, according to a new report from Redfin (red...
Redfin Reports the Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price increased 5% from a year earlier during the four weeks ending April 14, bringing it to $380,250—just $3,095 s...
Redfin Survey: 70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in Coverage
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Nearly three-quarters (70.3%) of Florida homeowners and over half (51%) of California homeowners say they or the area they live in has been a...
Redfin Reports Nearly 40% of Renters Think They'll Never Own a Home, Up From 27% Last Year
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly two in five (38%) U.S. renters don't believe they'll ever own a home, up from roughly one-quarter (27%) less than a year ago, according to a new repor...
Redfin Report: Monthly Payments Set New Record–And Buyers' Costs Will Likely Stay High on Inflation News
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median monthly U.S. housing payment hit an all-time high of $2,747 during the four weeks ending April 7, up 11% from a year earlier. That...
Redfin Survey: Over One-Quarter of Recent Homebuyers Have No Idea How Much Their Agent Was Paid
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than one-quarter of recent homebuyers (28%) have no idea how much their agent was paid, and 17% have no idea how the amount was determined, according to...