Redfin Corporation (RDFN)
| Market Cap | 967.12M |
| 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 | 3,711,132 |
| Open | 7.98 |
| Previous Close | 7.70 |
| Day's Range | 7.72 - 8.14 |
| 52-Week Range | 4.26 - 15.50 |
| Beta | 2.65 |
| Analysts | Hold |
| Price Target | 7.98 (-1.42%) |
| Earnings Date | Aug 5, 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 a decrease of -1.42% from the latest price.
News
Redfin CEO says housing market is in a 'funk' as homebuyers weigh election uncertainty
Redfin CEO Glenn Kelman pulled the curtain back on the U.S.'s 'somewhat slow' real estate market during an appearance on 'Cavuto: Coast to Coast.'
Luxury Home Prices Spike 9% to All-Time High
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. luxury home sold for a record $1,180,000 in the second quarter, up 8.8% from a year earlier—the biggest increase in nearly two years. Non-lu...
Redfin Reports Typical Homebuyer's Monthly Payment Drops to Lowest Level in 4 Months
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly housing payment was $2,671 during the four weeks ending July 21, the lowest level in four months and do...
Redfin Reports 65% of Home Listings Have Been Sitting on the Market Longer Than a Month, Up From 60% a Year Ago
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract, accord...
Redfin to Announce Second-Quarter 2024 Results on August 6, 2024
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release second-quarter 2024 results after the stock market closes on Tuesday, August 6, 2024. The company will host a live webcast of i...
Cold Feet: Homebuyers Backed Out of Deals at a Record Rate in June
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Deals to purchase homes are falling through at a record rate as high housing costs give buyers cold feet, according to a new report from Redfin (redfin.com),...
Redfin Reports Home Prices Keep Climbing, But at Slowest Pace Since Early 2023
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices rose 0.2% in June, the smallest month over month increase since January 2023 on a seasonally adjusted basis, according to a new report from ...
Redfin Reports Typical Monthly Housing Payment Drops to $115 Below Record As Mortgage Rates Decline, But House Hunters Are Still Waiting on the Sidelines
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April's all-time high,...
In Swing States, Typical Homebuyer's Monthly Payment Has Nearly Doubled Since The Last Presidential Election
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median monthly housing payment for homebuyers in swing states has nearly doubled since the 2020 presidential election, rising 92% to an all-time high of ...
Falling Mortgage Rates, Rising Supply Create Opportunity for Homebuyers This Summer, Even Amid Record-High Prices
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11, according to a new report from...
Redfin Reports Home-Sale Prices Hit a Record High For the 9th Straight Week
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price hit an all-time high of $397,482 during the four weeks ending July 7, up 4.7% year over year—the biggest inc...
Redfin Reports Rent Prices Are Dropping Across Florida's Most Populous Metros
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median apartment asking rent in America rose 0.7% year over year in June to $1,654, the biggest gain in over a year and the highest media...
Redfin Reports Permits to Build U.S. Apartments Have Dropped Nearly 30% Since the Pandemic
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. so far this year, down nearly 30% fro...
Intenseye's Latest AI-Powered Innovations Set New Benchmark for Workplace Safety Management at Scale
NEW YORK--(BUSINESS WIRE)--Intenseye, the leader in AI-powered workplace safety software, has introduced product enhancements that further empower safety and operations leaders to proactively measure ...
Small Business Hiring in June Reveals a Flat Reading
CLEVELAND--(BUSINESS WIRE)--The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted decrease of 0.08% in June, a month that typically sees positive hiring momentum due to seas...
Redfin Reports U.S. Home Prices Hit New All-Time High, Pushing Pending Sales Down 5%
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Pending home sales posted their biggest decline since February during the four weeks ending June 30, according to a new report from Redfin (...
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 ...