Redfin Corporation (RDFN)
| Market Cap | 843.02M |
| Revenue (ttm) | 1.04B |
| Net Income (ttm) | -165.87M |
| Shares Out | 126.39M |
| EPS (ttm) | -1.36 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 17,773,626 |
| Open | 6.94 |
| Previous Close | 7.64 |
| Day's Range | 6.41 - 7.00 |
| 52-Week Range | 5.10 - 15.29 |
| Beta | 2.65 |
| Analysts | Hold |
| Price Target | 9.43 (+41.38%) |
| Earnings Date | Feb 27, 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 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 $9.43, which is an increase of 41.38% from the latest price.
News
Redfin Reports 1 in 7 Pending Home Sales Are Getting Canceled, the Highest Share During This Time of Year on Record
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over 41,000 U.S. home-purchase agreements fell through in January, equal to 14.3% of homes that went under contract that month, according to a new repor...
Redfin Corporation (RDFN) Q4 2024 Earnings Call Transcript
Redfin Corporation (NASDAQ:RDFN) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Corporate Participants Meg Nunnally - Head, IR Glenn Kelman - Chief Executive Officer Chris Nielsen - Ch...
Redfin CEO addresses ‘painful' restructuring; stock dips 11% after Q4 earnings miss expectations
This story originally appeared on Real Estate News.
Redfin Reports Fourth Quarter and Full Year 2024 Financial Results
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Fourth quarter revenue was $244.3 ...
Redfin Reports Home-Price Growth Slows as Mortgage Rates Dip to Lowest Level in Over 2 Months
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23, the smallest increase since September. That's accordi...
Redfin Reports Florida Has More Homes for Sale Than Ever Before
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Florida ended January with 172,209 homes for sale—the highest inventory of any month on record, according to a new report from Redfin (redfin.com), the techn...
Redfin Reports the Typical Buyer's Down Payment is 16% of the Home's Price
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homebuyer's down payment was equal to 16.3% of the purchase price in December, up from 15% a year earlier, according to a new report from Re...
Could Zillow buy Redfin? New rentals partnership brings real estate rivals closer together
Zillow Group and Redfin are long-time competitors.
Redfin Reports Florida Condo Prices Are Holding Up Best Away From the Coast
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median condo sale price in Inland Florida rose 5.4% year over year on average in January, compared with a 4.8% decrease on Florida's Gulf Coast and a 3% ...
Redfin Report: A Minimum-Wage Worker Would Have to Work 106 Hours a Week to Afford the Typical U.S. Apartment
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The average minimum-wage earner in the U.S. would have to work 106 hours per week to afford the $1,599 median-priced apartment. That's accord...
Redfin Report: The 10 Most Expensive Home Listings in the U.S.
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Half of the nation's 10 most expensive home listings are in coastal Florida, three are in Southern California, one is in New York City and o...
U.S. Housing Market Gained $2.5 Trillion in Value in 2024
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The combined value of U.S. homes gained $2.5 trillion in 2024 to reach $49.7 trillion, according to a new report from Redfin (redfin.com), the technology-pow...
Redfin Reports Some Good News For Homebuyers: Slower Price Growth, More Supply and More Bargaining Power
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home-sale price rose 3.7% year over year during the four weeks ending February 16, the smallest increase since September. That's according to...
It's a Buyer's Market. For Many Homebuyers, It Doesn't Feel Like It
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The U.S. housing market has tilted in favor of buyers for the first time this decade, with 3.7 months of for-sale supply sitting on the mark...
Redfin Reports U.S. Home Prices Grew 0.6% in January
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices rose 0.6% from a month earlier in January on a seasonally adjusted basis, a tick faster than the 0.5% growth experienced each of the three m...
Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021. That's accord...
Redfin Reports Housing Supply Hits Highest Level Since 2020, But Demand Falls to Lowest Level Since 2020
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. That is according t...
Redfin Reports Housing Supply Is Piling Up As Home Sellers Enter the Market But Buyers Stay on Sidelines
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — There are five months of for-sale supply on the market nationwide, up from 4.4 months a year earlier and the most since early 2019. That's according to a new...
Redfin to lay off 450 employees after inking new rentals partnership with Zillow Group
While a new listings partnership between Redfin and Zillow is expected to benefit both companies in the long run, it comes at a cost for some Redfin employees.
The Typical Homebuyer Pays Roughly 2% Less than the List Price–The Biggest Discount in 2 Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today's average home listing is selling for under its asking price, and taking a long time to sell, according to a new report from Redfin (redfin.com), the t...
Zillow reports Q4 revenue of $554M, up 17%; inks deal with Redfin to boost growing rentals business
Zillow Group reported $554 million in revenue for its fourth quarter, up 17% year-over-year, topping analyst estimates.
Zillow and Redfin partner to make apartment hunting easier and give listings more exposure
Agreement adds the Redfin sites to the Zillow Rentals Network, enhancing the rental search experience for renters while helping property marketers reach a broader audience SEATTLE , Feb. 11, 2025 /PRN...
Redfin to Announce Fourth-Quarter 2024 Results on February 27, 2025
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release fourth-quarter 2024 results after the stock market closes on Thursday, February 27, 2025. The company will host a live webcast ...
Redfin Reports the Top 10 Most-Viewed Online Home Listings of January
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Seven of Redfin.com's 10 most-viewed home listings in January were in the Bay Area, specifically the East Bay and neighborhoods near San Jose, and two were i...
Austin Asking Rents Drop 16% in January—More Than Any Other Major Metro—And Are Now $400 Below Their Record High
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent was $1,599 in January, little changed (-0.1%) from a year earlier and up 0.5% from a month earlier. That's accor...