Redfin Corporation (RDFN)
| Market Cap | 1.06B |
| Revenue (ttm) | 1.02B |
| Net Income (ttm) | -152.26M |
| Shares Out | 123.98M |
| EPS (ttm) | -1.27 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,658,666 |
| Open | 8.39 |
| Previous Close | 8.24 |
| Day's Range | 8.25 - 8.61 |
| 52-Week Range | 5.10 - 15.29 |
| Beta | 2.64 |
| Analysts | Hold |
| Price Target | 9.43 (+10.75%) |
| Earnings Date | Feb 25, 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 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 11 analysts, the average rating for RDFN stock is "Hold." The 12-month stock price forecast is $9.43, which is an increase of 10.75% from the latest price.
News
Redfin Reports The Typical Home Is Taking Nearly 2 Months to Sell. That's The Slowest Pace in 5 Years.
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homes are selling at their slowest pace since the start of the pandemic as mortgage rates and home prices remain elevated, according to a new report from Red...
Downtown Seattle Rents Rise for the First Time in 17 Months as Amazon Workers Go Back to the Office Full Time
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Downtown Seattle apartment rents grew for the first time in 17 months in December, rising 2.5% year over year to a median $2,000. That's acc...
Redfin Reports High Housing Payments Are Slowing Home Sales, But Buyers Could Get Relief Soon
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. monthly housing payment is $2,686, the highest level in nearly seven months, as of the four weeks ending January 19. That's according to a ne...
Renters Need to Earn $63,680 to Afford the Typical U.S. Apartment—The Lowest Amount in 3 Years
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Renters need to earn $63,680 to afford the median asking rent for a U.S. apartment ($1,592), the lowest amount needed since March 2022, acco...
Redfin Reports U.S. Home Prices Rose 0.4% in December
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.4% from a month earlier in December on a seasonally adjusted basis, slightly faster than the 0.5% growth posted in November. That's a...
Redfin Reports Home Prices Are Rising in Every Major Metro for the First Time Since 2022
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home prices rose from a year earlier in all 50 of the most populous U.S. metropolitan areas in December—the first time that has occurred since May 2022, acco...
The Palisades and Eaton Fires in Los Angeles Have Destroyed 14% of Homes Within the Fire Perimeters
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Roughly one of every seven (14%) homes within the perimeters of the Palisades and Eaton fires in the Los Angeles area have been destroyed or...
Pending Home Sales Fell the Most Since 2022 in December as Mortgage Rates Jumped
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis—the largest decline since October 2022—and dropped 2.3% year over ye...
Redfin Reports Pending Home Sales Decline Due to High Housing Costs, California Wildfires and Frigid Weather in Other Parts of U.S.
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home tours and pending sales are falling as devastating wildfires burn in Southern California, extreme cold and snow hit the Northeast, Midwest and South, an...
Redfin CEO: LA is going to look completely different after it is rebuilt
"LA is going to look completely different" after it is rebuilt, Redfin CEO Glenn Kelman says.
Redfin CEO Glenn Kelman on LA fires: Rebuilding these homes will take a long time
Redfin CEO Glenn Kelman joins CNBC's The Exchange to discuss the impact of California wildfires on real estate, allegations of landlords price-gouging on rents, and more.
Redfin lays off 46 employees in latest cuts at Seattle real estate company
Redfin laid off 46 employees on Thursday, in another round of job cuts at the Seattle-based real estate company.
Redfin Reports U.S. Asking Rents Ended 2024 at the Lowest Level in Nearly Three Years
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN)—The median U.S. asking rent fell 0.3% year over year in December to $1,594—the lowest level since March 2022. That's according to a new report...
Redfin Reports Home Tours Rise Modestly to Start 2025, But That Hasn't Translated to More Sales
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN)—More house hunters are starting their home search as the new year kicks off, according to a new report from Redfin (redfin.com), the technology-powered real es...
Redfin Survey: More Than One-Third of Homeowners Say They'll Never Sell
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — More than one-third (34%) of U.S. homeowners say they'll never sell their home, and another 27% say they wouldn't consider selling for at le...
Redfin Reports Housing Affordability Didn't Worsen in 2024—The First Time in Four Years That Has Happened
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A household making the $83,782 median U.S. income in 2024 would've had to spend 41.8% of their earnings on monthly housing costs if they bought the $429,734 ...
Redfin Reports New Listings Rise 8%, Giving the New Year's Buyers More Homes to Choose From
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings increased 8% year over year during the four weeks ending December 29, while the total number of homes for sale rose 10%, according to a new repo...
Redfin Reports Housing Supply Just Hit a Four-Year High, Partly Because So Many Homes Are Sitting on the Market Unsold
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Active listings—the total number of homes for sale—climbed to the highest level since 2020 in November on a seasonally adjusted basis, risin...
America's Renters Are Moving Less Than Ever, With a Third Staying in the Same Home for at Least 5 Years
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — A third (33.6%) of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. That's according to a new r...
Redfin Reports Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Active listings climbed 12% year over year during the four weeks ending December 22, though that was the smallest increase since March, according to a new re...
Redfin Reports U.S. Home Prices Rose 0.5% in November
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.5% from a month earlier in November on a seasonally adjusted basis, the third consecutive month with a 0.5% increase. That's accordin...
Redfin Reports Home Sales Surge by Double Digits in Pricey West Coast Markets
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — In Portland, OR, home sales jumped 27.6% year over year in November—the biggest increase among the 50 most populous U.S. metropolitan areas, according to a n...
Homebuyers With Kids Are Twice as Likely to Get Family Help for Down Payments Than Those Without Kids
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — One-quarter (25%) of recent homebuyers who have kids living at home received a cash gift from family to help fund their down payment, more than double the 12...
Redfin Reports More Sellers Are Listing Their Homes, Hoping to Cash in on High Prices and Demand From Buyers
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings of homes for sale are up 7.6%, the biggest year-over-year increase since June (except the four weeks ending November 24, when the increase was i...
Why one of the biggest U.S. mortgage lenders expects housing demand to double in 2025
Home buyers are expected to see more for-sale listings and lower mortgage rates in 2025.