Redfin Corporation (RDFN)
| Market Cap | 1.04B |
| 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 | 1,829,377 |
| Open | 8.45 |
| Previous Close | 8.54 |
| Day's Range | 8.22 - 8.51 |
| 52-Week Range | 5.10 - 15.29 |
| Beta | 2.62 |
| Analysts | Hold |
| Price Target | 9.23 (+10.54%) |
| Earnings Date | Nov 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 11 analysts, the average rating for RDFN stock is "Hold." The 12-month stock price forecast is $9.23, which is an increase of 10.54% from the latest price.
News
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.
Existing Home Sales Rise to Highest Level in Over a Year and a Half
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Existing home sales rose 0.7% month over month in November to a seasonally adjusted annual rate of 4,269,85—the highest level since March 2023. They jumped 4...
Redfin Reports Older Americans Are More Likely to Buy Disaster-Prone Homes Than Younger Americans
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Older Americans are more likely than younger Americans to buy homes in places with significant climate risk, according to a new report from Redfin (redfin.co...
Redfin Reports Asking Rents for Newly Built Apartments Rise 1.5%, the Biggest Spike in 18 Months
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Asking rents for newly constructed apartments rose 1.5%—the biggest year-over-year increase in 18 months—to a median $1,802 in the third qua...
Renters Are Less Likely Than Homeowners to Feel a Sense of Belonging in Their Neighborhood
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Less than half (46.7%) of U.S. renters feel a sense of belonging in their neighborhood, compared with almost two-thirds (63.6%) of homeowners, according to a...
Redfin Reports Homebuying Demand Sitting Near Highest Level Since Early Spring As Mortgage Rates Fall
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in late November, according to a n...
Redfin Reports Asking Rents Fall 0.7% to Lowest Level Since March 2022
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent fell 0.7% year over year in November to $1,595, the lowest level since March 2022. That's according to a new rep...
Redfin Reports Renters on a $2,000 Budget Can Afford 70 More Square Feet Than They Could During the Pandemic—Enough for a Small Office
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — A U.S. renter on a $2,000-a-month budget can afford an apartment that is more than 70 square feet larger today than it was when rents peaked...
Deck the Halls with Redfin Redesign
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Decking the halls just got a lot easier with a little help from Redfin Redesign. Home buyers and homeowners alike can now use Redfin's AI-powered home design...
Redfin Reports More Buyers Are Touring Houses, Applying For Mortgages As We Enter 2024's Home Stretch
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin's Homebuyer Demand Index is sitting near its highest level since September 2023, according to a new report from Redfin (redfin.com), the technology-po...
Redfin's 2025 Predictions: Pent-Up Demand Will Lead to More Home Sales, But Many Would-Be Buyers Will Opt to Rent
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin's economists expect there will be more home sales in 2025, largely due to pent-up demand. But some would-be homebuyers will still be priced out, with ...
Redfin Reports Pending Home Sales Rise After Post-Election Surge in Home Tours
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. pending home sales rose 12.1% year over year during the four weeks ending November 24, the biggest increase since May 2021. That's according to a new re...
Rents likely to come down in 2025, says Redfin CEO Glenn Kelman
Glenn Kelman, Redfin CEO, joins 'Money Movers' to discuss home sales and the state of the housing market.
More Than 1 in 5 Renters Say Their Entire Paycheck Goes to Rent: Redfin Survey
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over one in five (22%) U.S. renters say all of their regular income goes directly to paying their rent, according to a new survey from Redfin (redfin.co...
Redfin Reports Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors purchased 2.3% fewer homes in the third quarter than they did a year earlier, according to a new report from Redfin (redfin.com), the t...
Redfin Reports Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage Rates
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates for the second time in a row. That's according to ...
Redfin Survey: 18% of Home Hunters Say Safety/Crime is a Reason They're Moving, 14% Cite Climate Risks
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in seven (13.7%) home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move in the next y...
Homes With Low Natural Disaster Risk Are Rising in Value Faster Than Homes With High Risk for the First Time in Over a Decade
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report...
Redfin Reports Home Sales Sink Across Florida Amid Hurricane Recovery, Surging HOA and Insurance Costs
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest, according to a new report from Redfin (red...
U.S. Home Prices Rose 0.5% in October, Marking a Year of Consistent Growth
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.5% from a month earlier in October on a seasonally adjusted basis, matching September's increase, according to a new report from Redf...
Redfin to Present at 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: 4th Annual Needham Consumer Tech / Ecommerce...