Redfin Corporation (RDFN)
| Market Cap | 670.14M |
| Revenue (ttm) | 976.67M |
| Net Income (ttm) | -131.10M |
| Shares Out | 119.24M |
| EPS (ttm) | -1.16 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,928,129 |
| Open | 5.26 |
| Previous Close | 5.18 |
| Day's Range | 5.18 - 5.71 |
| 52-Week Range | 4.26 - 17.68 |
| Beta | 2.67 |
| Analysts | Hold |
| Price Target | 8.13 (+44.66%) |
| Earnings Date | May 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 $8.13, which is an increase of 44.66% from the latest price.
News
Redfin Reports Home Prices Stagnate in Florida and Texas as Supply Soars
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — On the west coast of Florida, housing supply is surging, sellers are cutting their asking prices and the time it takes to sell a home is soaring—all at a fas...
Redfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price hit a record $383,725 during the four weeks ending April 21, up 5.2% from a year earlier—one of the biggest j...
Redfin to Announce First-Quarter 2024 Results on May 7, 2024
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2024 results after the stock market closes on Tuesday, May 7, 2024. The company will host a live webcast of its c...
Nearly 40% of Homeowners Couldn't Afford Their Home If They Were to Buy It Today
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly two of every five (38%) homeowners don't believe they could afford to buy their own home if they were purchasing it today, according to a new report f...
Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — U.S. home prices climbed 0.6% from a month earlier on a seasonally-adjusted basis in March, matching February's 0.6% month-over-month gain, ...
Redfin, Offerpad, Zillow, Compass stocks are falling: here's why
Proptech stocks are having a bad year. Redfin (RDFN) stock price has crashed by over 62% this year while Offerpad (OPAD), Compass (COMP, and Zillow (Z) have plunged by over 26% and 27% this year.
Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever Before
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median-priced U.S. luxury home sold for a record $1,225,000 in the first quarter, up 8.7% from a year earlier, according to a new report from Redfin (red...
Redfin Reports the Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price increased 5% from a year earlier during the four weeks ending April 14, bringing it to $380,250—just $3,095 s...
Redfin Survey: 70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in Coverage
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Nearly three-quarters (70.3%) of Florida homeowners and over half (51%) of California homeowners say they or the area they live in has been a...
Redfin Reports Nearly 40% of Renters Think They'll Never Own a Home, Up From 27% Last Year
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly two in five (38%) U.S. renters don't believe they'll ever own a home, up from roughly one-quarter (27%) less than a year ago, according to a new repor...
Redfin Report: Monthly Payments Set New Record–And Buyers' Costs Will Likely Stay High on Inflation News
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median monthly U.S. housing payment hit an all-time high of $2,747 during the four weeks ending April 7, up 11% from a year earlier. That...
Redfin Survey: Over One-Quarter of Recent Homebuyers Have No Idea How Much Their Agent Was Paid
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than one-quarter of recent homebuyers (28%) have no idea how much their agent was paid, and 17% have no idea how the amount was determined, according to...
Redfin Reports Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale, More Than Four Times the National Share
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one of five (17.8%) homes that sold in San Francisco during the three months ending February 29 sold at a loss, according to a new report from Redfin ...
Redfin Reports Asking Rents Rose for the Third-Straight Month in March, Driven By the Midwest
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 0.8% year over year to $1,987 in March, marking the third consecutive increase following three months of dec...
Redfin Survey: Half of U.S. Homeowners and Renters Struggle to Afford Their Housing Payments
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin ...
NeuroStreet To Transform Trading Technology With Tickblaze Acquisition
OTTAWA, Ontario--(BUSINESS WIRE)--NeuroStreet acquires TickBlaze to elevate trading tech, promising transformative solutions in the industry.
Redfin Reports Listings and Sales Stumble as Sellers and Buyers Take Easter Break
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings of U.S. homes for sale rose 8.4% from a year earlier during the four weeks ending March 31, the smallest increase in about seven...
Redfin Survey: More Than Three-Quarters of Baby Boomers Plan to Stay In Their Home As They Grow Older
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than three-quarters (78%) of older American homeowners plan to stay in their current home as they age, according to a new report from Redfin (redfin.com...
The Typical Homebuyer's Down Payment Is $56,000, Up 24% From a Year Ago
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median down payment for U.S. homebuyers was $55,640 in February, according to a new report from Redfin (redfin.com), the technology-powered real estate b...
Rising Supply Draws in Some Buyers, Even as Housing Payments Soar 10% to All-Time High
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical U.S. monthly housing payment hit an all-time high of $2,721 during the four weeks ending March 24, up 10% from a year earlier, ac...
First-Time Buyers Must Make $76,000 to Afford the Typical U.S. Starter Home–Up 8% From a Year Ago
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers must earn $75,849 annually to afford the typical U.S. starter home as of February, up 8.2% ($5,767) from a year earlier, according to a new report...
Redfin CEO Says Gen Z Hit by Lack of Sub-$500,000 Homes
Younger Americans are desperate to stop renting but face a "pinch point'' in the US housing market because of a lack of homes selling for less than $500,000, Redfin Corp. Chief Executive Officer Glenn...
Redfin Reports The Typical Household Earns Roughly $30,000 Less Than Needed to Afford the Median-Priced Home
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. household earns $29,448 less than it needs to afford the median-priced home, according to a new report from Redfin (redfin.com), the technol...
Redfin CEO: How to fix America's housing shortage
Redfin Chief Executive Glenn Kelman argued that the housing supply crisis can be addressed as states focus on deregulation, which would help boost inventory.
Redfin Reports Supply Climbs 5%, Biggest Increase in Nearly a Year
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The total number of U.S. homes for sale climbed 5% during the four weeks ending March 17, the biggest year-over-year uptick since May 2023, according to a new...