Redfin Corporation (RDFN)

NASDAQ: RDFN · IEX Real-Time Price · USD
6.85
-0.04 (-0.58%)
At close: Feb 26, 2024, 4:00 PM
6.93
+0.08 (1.17%)
Pre-market: Feb 27, 2024, 8:19 AM EST
-0.58%
Market Cap 789.41M
Revenue (ttm) 1.35B
Net Income (ttm) -170.08M
Shares Out 115.24M
EPS (ttm) -1.54
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,434,917
Open 6.84
Previous Close 6.89
Day's Range 6.71 - 7.05
52-Week Range 4.26 - 17.68
Beta 2.74
Analysts Hold
Price Target 8.78 (+28.18%)
Earnings Date Feb 27, 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. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington. [Read more]

Sector Real Estate
IPO Date Jul 28, 2017
Employees 5,572
Stock Exchange NASDAQ
Ticker Symbol RDFN
Full Company Profile

Financial Performance

In 2022, Redfin's revenue was $2.28 billion, an increase of 18.81% compared to the previous year's $1.92 billion. Losses were -$322.70 million, 176.1% more than in 2021.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for RDFN stock is "Hold." The 12-month stock price forecast is $8.78, which is an increase of 28.18% from the latest price.

Price Target
$8.78
(28.18% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Redfin Reports Florida's Condo Prices Are Falling As Cost of Insurance and HOA Fees Skyrocket

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Prices of condos in major Florida metros are dropping year over year, and sales are declining, according to a new report from Redfin (redfin.com), the techno...

1 day ago - Business Wire

Redfin Report: More Homes Hit the Market as Spring Approaches, But 7% Mortgage Rates Keep Buyers on the Sidelines

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings rose 10% year over year during the four weeks ending February 18, the biggest increase in two months, according to a new report ...

5 days ago - Business Wire

Redfin Home Price Index: Price Growth Holds Steady at Start of the Year

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —U.S. home prices climbed 0.5% from a month earlier in January, matching the 0.5% gain seen in both December and November, according to a new ...

6 days ago - Business Wire

Housing Market Activity Lost Steam in January as Mortgage Rates Stopped Falling and Prices Kept Rising

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings dropped 1.2% month over month on a seasonally adjusted basis, the first decline since June, according to a new report from Redfin (redfin.com), ...

11 days ago - Business Wire

Blame the baby boomers for the housing shortage, Redfin says

A growing number of older Americans are choosing to age in place rather than downsize their homes, which is contributing to a nationwide housing shortage.

11 days ago - Fox Business

Redfin Reports Home Prices and Mortgage Rates Rise, Pushing Would-Be Buyers to the Sidelines

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The median U.S. home-sale price rose 6.1% year over year during the four weeks ending February 11, the biggest increase since October 2022. That's according t...

12 days ago - Business Wire

Homeowners Today Stay in Their Homes Twice As Long As They Did in 2005, Driven Largely By Older Americans Aging in Place

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homeowner has spent 11.9 years in their home, up from 6.5 years two decades ago. That's according to a new report from Redfin (redfin.com), ...

12 days ago - Business Wire

Investors Bought 26% of the Country's Most Affordable Homes in the Fourth Quarter—the Highest Share on Record

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors bought 26.1% of low-priced U.S. homes that sold in the fourth quarter, according to a new report from Redfin (redfin.com), the technolo...

13 days ago - Business Wire

Redfin Publishes Air Factor Data From First Street to Show Risk of Poor Air Quality

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (redfin.com), the technology-powered real estate brokerage, is now publishing Air Factor data provided by First Street for nearly every U.S. property ...

15 days ago - Business Wire

Redfin Reports People Are Moving Out of Areas With Poor Air Quality, Often Because They're Too Expensive

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Places facing high risk from poor air quality are losing residents faster than they used to, while places with low risk are gaining residents faster than the...

15 days ago - Business Wire

Redfin Reports U.S. Asking Rents Flatten After Pandemic Rollercoaster Ride

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 1.1% year over year to $1,964 in January, the largest annual increase since March 2023, and was unchanged fr...

18 days ago - Business Wire

Redfin Reports Pending Sales Post Biggest Decline in 4 Months, Dampened By Rising Mortgage Rates

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Pending sales are down 8%, the biggest decline in four months, according to a new report from Redfin (redfin.com), the technology-powered rea...

19 days ago - Business Wire

One-Third of Real Estate Agents Have Clients Who Relocated Due to Local Laws or Politics in 2023: Redfin Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly one-third (32%) of real estate agents have at least one client who moved primarily because of local laws or politics in the last year, according to a...

21 days ago - Business Wire

Redfin to Announce Fourth-Quarter 2023 Results on February 27, 2024

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release fourth-quarter 2023 results after the stock market closes on Tuesday, February 27, 2024. The company will host a live webcast o...

25 days ago - Business Wire

Redfin Announces ‘Sign & Save' Program, Helping Homebuyers Save Thousands

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com) today announced Sign & Save, a new way for consumers to get a better deal in real estate. Homebuyers who sign up to work with a Redfi...

25 days ago - Business Wire

32% of Homes for Sale in the Fourth Quarter Were Newly Built—Just Shy of the Record High

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, 31.8% of U.S. single-family homes for sale in the fourth quarter were new construction, according to a new report from Redfin (redfin.com), the t...

25 days ago - Business Wire

Redfin Reports More People Are Touring Homes, But That Hasn't Yet Translated to More Sales

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Redfin's Homebuyer Demand Index—a measure of requests for tours and other buying services from Redfin agents—rose 6% from a week earlier dur...

26 days ago - Business Wire

Redfin Reports Luxury Home Prices Hit All-Time High As Record Share of High-End Buyers Pay Cash

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. luxury home sold for a record $1.17 million in the fourth quarter, up 8.8% from a year earlier, according to a new report from Redfin (redfi...

27 days ago - Business Wire

Homebuyers are Leaving the Bay Area at Half the Pandemic-Era Rate

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The Bay Area had a net outflow of 26,000 homebuyers in the fourth quarter, down 13% year over year, according to a new report from Redfin (redfin.com), the t...

27 days ago - Business Wire

Homebuyers on a $3,000 Monthly Budget Have Gained $40,000 in Purchasing Power Since Mortgage Rates Peaked Last Fall

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer on a $3,000 monthly budget has gained nearly $40,000 in purchasing power since mortgage rates peaked this past fall, according to a new report fr...

4 weeks ago - Business Wire

Redfin Reports Price Growth Starts the Year Strong But Harsh Weather Freezes Out Some Would-Be Homebuyers

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price rose 5.1% during the four weeks ending January 21, the biggest increase since October 2022, according to a ne...

4 weeks ago - Business Wire

Redfin Home Price Index: Prices Rose 0.4% in December—the Smallest Increase in Six Months

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices climbed 0.4% month over month in December—the smallest increase since June—according to a new report from Redfin (redfin.com), the technolog...

5 weeks ago - Business Wire

Redfin Reports Pending Home Sales Rose 4% in December—Biggest Jump in Over Two Years

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales rose 4.1% month over month in December on a seasonally adjusted basis–the biggest increase since September 2021–to the highest level in mo...

5 weeks ago - Business Wire

Redfin Report: Housing-Market Activity Is Picking Up in 2024, But Severe Winter Weather Keeps Some Buyers and Sellers on the Sidelines

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Mortgage-purchase applications are up 8% from a month ago, and Redfin agents report that lower mortgage rates are piquing buyers' interest, according to a ne...

5 weeks ago - Business Wire

Rates must fall more for home builders and buyers to be confident again, says Redfin's Fairweather

Daryl Fairweather, Redfin chief economist, joins 'Money Movers' to discuss whether January's homebuilder sentiment moves the needle for affordability, how the home supply dynamic may shift during the ...

5 weeks ago - CNBC Television