Redfin Corporation (RDFN)
| Market Cap | 673.82M |
| 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 | 4,336,044 |
| Open | 5.85 |
| Previous Close | 5.85 |
| Day's Range | 5.49 - 5.89 |
| 52-Week Range | 4.26 - 17.68 |
| Beta | 2.67 |
| Analysts | Hold |
| Price Target | 7.98 (+41.49%) |
| Earnings Date | Aug 1, 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 41.49% from the latest price.
News
Redfin Reports Newly Built Apartments Are Filling Up at the Slowest Pace Since 2020
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Less than half (47%) of newly constructed apartments that were completed in the fourth quarter were rented within three months, according to...
Starter Homes Are Affordable to the Typical Black Family in Just 10 Major U.S. Metros
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The typical Black household can afford a starter home in just 10 of the 50 most populous U.S. metros, according to a new report from Redfin (redfin.com), the ...
Redfin Reports the Typical Home Is Selling for Less Than List Price, the First Time That Has Happened in Late Spring Since Start of Pandemic
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. home that sold during the four weeks ending June 23 sold for 0.3% less than its asking price, according to a new report fro...
Homeowners Can Now Use Redfin to Redesign Their Home Photos
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate company, today launched several enhancements to Redfin Redesign, its AI-powered home design tool....
Redfin Reports Only 39% of Renters Make Enough Money to Afford the Median-Priced Apartment
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical U.S. renter household earns an estimated $54,712 per year, 17.3% less ($11,408 in dollar terms) than the $66,120 needed to afford...
Redfin Reports Home Prices Hit New High, But Buyers Gain Power as Stale Listings Pile Up and Price Drops Become More Common
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Pending home sales fell 3.8%, the biggest year-over-year decline in nearly four months, during the four weeks ending June 16. That's accordi...
What Luxury Homebuyers Want: Double Vanities, Kitchen Islands Are the Most Sought-After Amenities, According to a Redfin Agent Survey
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than four in five (86%) luxury homebuyers rank double vanities as must-haves when searching for a home, making them the most asked-for kitchen and bathr...
U.S. Home Prices Are Rising at the Slowest Pace in Nearly a Year and a Half
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices rose 0.3% month over month in May—the smallest increase on a seasonally adjusted basis since January 2023, per a new report from Redfin (red...
Redfin Reports Homes Sales Fell to One of the Lowest Levels on Record in May
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Home sales fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier, according to a new report ...
Redfin Reports U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline—Which Could Give Buyers Relief
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price hit an all-time high of $394,000 during the four weeks ending June 9, up 4.4% year over year—the biggest inc...
More Than 3 in 5 Home Listings Are Now ‘Stale' As Record-High Costs Dampen Demand
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than three in five (61.9%) homes that were on the market in May had been listed for at least 30 days without going under contract, according to a new re...
Home prices will go down this summer as sellers can't postpone listing any longer, Redfin CEO says
Home prices will fall this summer as owners cave to selling pressure, according to Redfin's CEO. The real estate brokerage is anticipating a 1% price drop by the end of the year.
Damon Joshua Joins Rent. as President
ATLANTA--(BUSINESS WIRE)--(NASDAQ: RDFN) — Rent., a leading marketing platform for the multifamily rental industry, today announced that Damon Joshua has joined the company as President. With more tha...
Redfin Reports U.S. Asking Rents Ticked Up for Second Straight Month in May, Hitting Highest Level Since 2022
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 0.8% year over year in May to $1,653 — the highest level since October 2022, according to a new report from ...
Housing Markets on Florida's West Coast Are Cooling Faster Than Anywhere Else in the U.S., With Supply Rising and Demand Falling
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Housing markets in western Florida are cooling faster than anywhere else in the country as natural disasters intensify, new construction soars and the pandem...
Home Prices Are Falling in 3 Texas Metros and Portland, Oregon as High Rates Cool Demand for the Former Hotspots
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home-sale prices are declining year over year in four major U.S. metros, three of them in Texas: Austin (-2.9%), San Antonio (-1.2%), Fort Worth (-1.2%) and ...
Housing Affordability Is Gen Z's Top Voting Issue, Outweighing Abortion Rights and the Economy: Redfin Survey
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than nine in 10 (91%) adult Gen Zers say housing affordability is important when considering who they will vote for in the upcoming presidential electio...
Redfin Reports Renters Are Staying Put Longer, With 1 in 6 Now Living in The Same Home For 10 Years or More
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — One in six (16.6%) U.S. renters stayed in their home for 10 years or more in 2022, up from 13.9% a decade earlier. That's according to a new...
Redfin Reports Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN)—Nationwide, 6.4% of home sellers cut their asking price during the four weeks ending May 26, on average, the highest share since November 2022...
Redfin to Present at BofA Securities 2024 Global Technology Conference
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: BofA Securities 2024 Global Technology Confe...
No relief on the horizon for home prices, says Redfin's Chen Zhao
Chen Zhao, Redfin Senior economist, joins 'Closing Bell Overtime' to talk the state of the housing market and the rising cost of home prices.
Redfin Reports Home Prices Hit Another Record High, Pushing Pending Sales Down 4%
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price hit a record $387,600 during the four weeks ending May 19, up 4% from a year earlier. That's according to a n...
Redfin CEO: Housing market will do a little bit better through the rest of the year
Redfin CEO Glenn Kelman joins CNBC's 'Money Movers' to discuss the housing market, rental inflation, a new wave of young home buyers, and more.
Gen Z and young millennials took out 40% of mortgages in 2023: Redfin
Despite soaring housing costs and economic uncertainties, Gen Z and younger millennials remain committed to the American dream of homeownership. According to a RedFin report, a staggering 40% of new m...
U.S. Home Prices Continue Their Ascent, Even as High Costs Deter Homebuyers
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices climbed 0.5% from a month earlier in April on a seasonally adjusted basis, and rose 7.3% from a year earlier, per a new report from Redfin (...