Redfin Corporation (RDFN)
| Market Cap | 1.05B |
| Revenue (ttm) | 1.04B |
| Net Income (ttm) | -165.87M |
| Shares Out | 127.79M |
| EPS (ttm) | -1.36 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,930,753 |
| Open | 8.36 |
| Previous Close | 8.44 |
| Day's Range | 8.11 - 8.36 |
| 52-Week Range | 5.10 - 15.29 |
| Beta | 2.57 |
| Analysts | Hold |
| Price Target | 10.63 (+29.32%) |
| Earnings Date | May 6, 2025 |
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, sells, and services mortgages. In addition, the company uses digital platforms to connect consumers with rental properties and for other advertising. The company was formerly known as Appliance Computing Inc. and changed it... [Read more]
Financial Performance
In 2024, Redfin's revenue was $1.04 billion, an increase of 6.79% compared to the previous year's $976.67 million. Losses were -$165.87 million, 26.5% more than in 2023.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for RDFN stock is "Hold." The 12-month stock price forecast is $10.63, which is an increase of 29.32% from the latest price.
News
44% of Home Sellers Are Giving Concessions to Buyers—Just Shy of the Highest Level on Record
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sellers gave concessions to buyers in 44.4% of U.S. home-sale transactions in the first quarter, according to a new report from Redfin (www.redfin.com),...
24% of Americans are Scrapping Plans to Make a Major Purchase Like a Home or Car Due to Tariffs: Redfin Survey
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in four (24%) U.S. residents are canceling plans to make a major purchase, such as a home or a car, because of President Trump's new tariff polici...
Redfin Reports Home-Price Growth Is Losing Steam As Buyers Back Off Amid Economic Instability and High Costs
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, the median home-sale price rose 2.6% year over year during the four weeks ending April 13, according to a new report from Redfin (redfin.com), th...
Redfin Reports U.S. Homes Are Selling at the Slowest Pace in 6 Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. home that went under contract in March was on the market for 47 days—the longest period for any March since 2019. That's according to a new ...
Redfin Reports Florida and Texas Are Gaining Residents at a Much Slower Rate Than They Used to, Eating Into Homebuyer Demand
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The flow of U.S. residents moving into Florida, Texas and other parts of the Sun Belt slowed significantly in 2024, according to a new report from Redfin (ww...
Redfin Reports the Top 10 Most Expensive Home Sales of March
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Hawaii was home to the most expensive home sale of March, with a beachfront estate on Oahu going for $65.8 million. Next came two properties that sold for $6...
Redfin Reports U.S. Asking Rents Fell Slightly in March, But Tariffs Could Drive Up Costs for Renters
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking price fell 0.6% year over year to $1,610 in March, and rose 0.4% month over month. That's according to a new report fr...
Redfin Reports Homeowners Need to Earn Over $50,000 More Than Renters to Afford Monthly Payments—And the Gap is Widening
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Americans need to earn $116,633 per year to afford the median priced home for sale, 81.8% more than the $64,160 needed to afford the typical...
Redfin Reports Homebuyer Demand Improved Last Week, But Tariff Turmoil, Rising Rates and Economic Jitters Likely to Hamper Sales
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The housing market is under pressure as prospective homebuyers and sellers navigate a rapidly shifting economic landscape, with President Trump's tariff poli...
Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The total value of homes in majority-Hispanic neighborhoods rose 4.2% year over year to $2 trillion in 2024, according to a new report from R...
Redfin Survey: 1 in 5 Homebuyers Expect to Sell Stocks to Fund Down Payment
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — One in five (20%) prospective homebuyers expect to sell stocks to help fund their next down payment, according to a new survey from Redfin (www.redfin.com), ...
Redfin Reports 68% of Condos Sold Below List Price in February—the Highest Share in 5 Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly two-thirds (68.4%) of U.S. condos that sold in February sold for less than their original asking price, up from 63.3% a year earlier and the highest ...
Redfin Reports Spring Brings Record-High Monthly Housing Costs, Keeping Pending Home Sales at Bay
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly payment hit a record high for the second week in a row, reaching $2,802 during the four weeks ending March 30. That's ac...
Redfin Publishes 2025 Industry Survey
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin, the technology-powered real estate brokerage, today released the results of its 2025 Industry Survey, offering key insights into how real estate agen...
Big City Comeback: Homebuyer Competition Is Rising Fastest in the Bay Area, New York
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Eight of the 50 most populous U.S. metropolitan areas saw an increase in the share of homes selling for above their original list price in February, and half...
Rocket Companies CEO explains why he is buying Redfin & Mr. Cooper
Rocket Companies (RKT) is expanding its business by acquiring Mr. Cooper (COOP) for $9.4 billion to build a homeownership platform that integrates everything from home search to servicing.
New York and the Midwest Dominate Redfin's Hottest Neighborhoods of 2025
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Five of Redfin's 10 hottest neighborhoods of 2025 are in Midwest suburbs, according to a new report from Redfin (www.redfin.com), the technology-powered real...
Redfin Reports Monthly Housing Payments Hit All-Time High
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly housing payment hit an all-time high of $2,807 during the four weeks ending March 23, up 5.3% from a year earlier. That'...
Redfin On The Road To Buy Rocket, Wall Street Watches Spread
JPMorgan's Dae K Lee is raising Redfin Corp‘s RDFN stock price target from $7 to $12.50, matching Rocket Companies' RKT acquisition price.
Redfin On The Road To Rocket Deal, Wall Street Watches Spread (CORRECTED)
Editor's Note: This article was corrected to reflect that Rocket is acquiring Redfin.
Redfin Reports Home Sales Dropped Significantly in Altadena and the Pacific Palisades in Aftermath of Los Angeles Wildfires
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sales fell by double digits in the Pacific Palisades and Altadena in the wake of January's devastating Los Angeles wildfires, according to a new report ...
Redfin Reports Near-Record Housing Costs Put a Lid on Pending Sales, Even as Early-Stage Demand Picks Up
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical U.S. homebuyer's monthly housing payment is $2,793, just a few dollars shy of the all-time high, according to a new report from R...
Redfin Report: America's Renter Population Grew 1% in the Fourth Quarter
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The number of renter households in America increased 0.8% year over year to 45.4 million in the fourth quarter—the slowest growth since the f...
Redfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.4% from a month earlier in February on a seasonally adjusted basis, equal to the slowest pace since July 2024, according to a new rep...
REDFIN INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Redfin Corporation - RDFN
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of ...