RDFN - Redfin Corporation
Pre-market:
| Previous close | 10.64 |
| Open | 10.66 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 800 |
| Day's range | 10.30 - 10.68 |
| 52-week range | 3.08 - 13.03 |
| Volume | |
| Avg. volume | 3,055,216 |
| Market cap | 1.146B |
| Beta (5Y monthly) | 2.27 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Business Wire
Redfin Reports Mortgage Rates Are Up, Homes Sales Are Down, As Prices Remain Resilient
SEATTLE, June 01, 2023--(NASDAQ: RDFN) — Pending home sales fell 17% from a year earlier during the four weeks ending May 28, one of the biggest declines since the start of the year. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That year-over-year drop is especially notable because pending sales had already started falling at this time last year as mortgage rates shot up past 5%.
- Business Wire
Redfin Reports Investor Home Purchases Fell a Record 49% Year Over Year in the First Quarter
SEATTLE, May 31, 2023--(NASDAQ: RDFN) — Real estate investors purchased 48.6% fewer homes in the first quarter of 2023 than they did a year earlier as elevated interest rates along with declining rents and housing values ate into potential profits, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
- Business Wire
Redfin to Present at BofA Securities 2023 Global Technology Conference
SEATTLE, May 30, 2023--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event:
- Business Wire
Redfin Reports Out-of-Town Moves Have Fallen 6% From a Year Ago, Compared With 17% Drop For In-Town Moves
SEATTLE, May 26, 2023--(NASDAQ: RDFN) — The number of Redfin.com users looking to move to a different part of the country is down 6% from a year earlier, the biggest drop on record, as the overall U.S. housing market remains cool in the face of high mortgage rates and economic uncertainty. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s a big swing from a year ago at the tail end of the pandemic homebuying boom, when the number of
- Business Wire
Redfin Reports Mortgage Rates Surge Past 7.1% For First Time Since November; Some Buyers Back Off While Others Lower Budget
SEATTLE, May 25, 2023--(NASDAQ: RDFN) — Housing payments hit a new high this week as mortgage rates jumped due to progress on a possible debt-ceiling deal. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
- Business Wire
More Than 2 in 5 Home Sellers Are Making Concessions to Buyers, Nearly Double Last Year’s Share
SEATTLE, May 25, 2023--(NASDAQ: RDFN) — Home sellers gave concessions to buyers in 42.9% of U.S. home sales during the three months ending April 30, up from 25.5% a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s just shy of the 45.6% record-high hit in February.
- Business Wire
Redfin Reports Home-Price Growth During Pandemic Was Most Local Since the Great Recession
SEATTLE, May 23, 2023--The pandemic housing market era has made home price-growth trends more local in the last year than they have been since 2009, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
- Business Wire
Redfin Reports Homes in Austin and Boise are Selling for $80,000 Less Than a Year Ago
SEATTLE, May 22, 2023--(NASDAQ: RDFN) —The median U.S. home sale price fell 4.1% ($17,603) year over year in April to $408,031, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the biggest drop on record in dollar terms and the largest decline since January 2012 in percentage terms. April marked the third consecutive month of year-over-year declines following roughly a decade of increases.
- Business Wire
Redfin Reports There Are Only Four Major U.S. Metro Areas Where It’s Cheaper to Buy a Home Than Rent
SEATTLE, May 19, 2023--(NASDAQ: RDFN) — There are just four major U.S. metropolitan areas where it would be cheaper to buy than rent the typical home—that is, the typical home has an estimated monthly mortgage cost lower than its estimated monthly rental cost. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
- Business Wire
Redfin Reports Fewer Metros Are Seeing Home-Price Declines As Lack of Inventory Keeps Prices Afloat
SEATTLE, May 18, 2023--(NASDAQ: RDFN) — The median U.S. home-sale price fell 2.7% during the four weeks ending May 14, the smallest decline in over a month. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
- Business Wire
Redfin to Present at 18th Annual Needham Technology & Media Conference
SEATTLE, May 11, 2023--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event:
- Business Wire
Redfin Reports Asking Rents Flattened in April as Landlords Faced Rising Vacancies
SEATTLE, May 11, 2023--(NASDAQ: RDFN) — The median U.S. asking rent rose 0.3% year over year to $1,967 in April—the 11th-consecutive month of slowing growth, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That compares to a revised increase of 1.4% one month earlier and a 16% increase one year earlier.
- Business Wire
Redfin Reports Limited Listings Lead to Few But Fast Home Sales
SEATTLE, May 11, 2023--(NASDAQ: RDFN) — Limited inventory and elevated mortgage rates continue to suppress U.S. home sales as we enter the heart of spring, typically a hot homebuying season, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But buyers and sellers can at least take a little comfort in knowing the Federal Reserve probably won’t raise interest rates again anytime soon.
- Business Wire
Redfin Reports Homes Sell Quickly as Historic Drop in Listings Fuels Competition Among Buyers
SEATTLE, May 05, 2023--(NASDAQ: RDFN) — Elevated mortgage rates are prompting many homeowners to stay put, resulting in bidding wars as buyers compete for a small pool of homes, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But buyers and sellers can at least take a little comfort in knowing the Federal Reserve probably won’t raise interest rates again anytime soon.
- Business Wire
Redfin Reports First Quarter 2023 Financial Results
SEATTLE, May 04, 2023--Redfin Corporation (NASDAQ: RDFN) today announced results for its first quarter ended March 31, 2023.
- Business Wire
Redfin Launches ChatGPT Plugin to Help People Find Their Next Home
SEATTLE, May 03, 2023--(NASDAQ: RDFN) — Redfin (redfin.com), the technology-powered real estate brokerage, today launched a ChatGPT plugin to help people find homes that are a great fit for them. The Redfin ChatGPT plugin was built with OpenAI, an AI research and deployment company, and is available now for eligible ChatGPT users to install and enable from the Plugin store. Anyone can join the waitlist to get access in the future.
- Business Wire
Roughly 1 in 4 Homes for Sale in Austin and Seattle Cost Less Than They Would Have a Year Ago
SEATTLE, May 02, 2023--(NASDAQ: RDFN) — One-quarter of homes for sale in Austin, TX (25.8%) have lower estimated monthly housing payments than they would have if they had been for sale a year ago, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
- Business Wire
Out-of-Town Moves Remain Popular As High Housing Costs Push Homebuyers to Affordable Areas
SEATTLE, April 28, 2023--(NASDAQ: RDFN) — The number of Redfin.com home searchers looking to relocate to a new metro fell 4.2% from a year earlier in the first quarter, compared with a 15.6% drop for those looking to move within their current metro. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Those are the biggest drops in Redfin’s records, which go back through 2018.
- Business Wire
Redfin Reports Dearth of New Listings Keeps Home Prices From Falling Further
SEATTLE, April 28, 2023--(NASDAQ: RDFN) — New listings of homes for sale fell 22.4% nationwide from a year earlier during the four weeks ending April 23, one of the biggest declines since the start of the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
- Business Wire
The Race to Homeownership: Gen Z Tracking Ahead of Their Parents’ Generation, Millennials Behind
SEATTLE, April 21, 2023--(NASDAQ: RDFN) — Nearly one-third (30%) of 25-year-olds owned their home in 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s slightly higher than homeownership rates for millennials (28%) and Gen Xers (27%) when they were 25, and slightly lower than the rate for baby boomers (32%) when they were 25.
- Business Wire
Real Estate Investors Are Losing Money on Roughly 1 in 7 Homes They Sell—The Highest Share Since 2016
SEATTLE, April 21, 2023--(NASDAQ: RDFN) — Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s comparable with February’s 14.5% rate—the highest since 2016. It’s also nearly triple the share of a year earlier and compares with a record low of 2.8% in May. By comparison, 4.8% of overall U.S. homes that sold in March sold at a
- Business Wire
Redfin Reports Home Prices Drop 3%, But Monthly Housing Payments Hit Record High As Mortgage Rates Tick Up
SEATTLE, April 20, 2023--(NASDAQ: RDFN) — The typical U.S. homebuyer’s monthly housing payment hit an all-time high of $2,538 as average weekly mortgage rates rose to 6.39% after five consecutive weeks of declines, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The new high comes in spite of the median home-sale price dropping 2.6% from a year earlier during the four weeks ending April 16, the biggest decline in over a decade.
- Business Wire
Redfin to Announce First-Quarter 2023 Results on May 4, 2023
SEATTLE, April 20, 2023--Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2023 results after the stock market closes on Thursday, May 4, 2023. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com.
- Business Wire
Redfin Reports Home Prices Fell 3% in March–Biggest Annual Drop in Over a Decade
SEATTLE, April 19, 2023--(NASDAQ: RDFN) — The median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
- Business Wire
Redfin Report: Rents Post First Annual Decline in Three Years
SEATTLE, April 14, 2023--(NASDAQ: RDFN) — The median U.S. asking rent fell 0.4% year over year to $1,937 in March—the first annual decline since March 2020 and the lowest median asking rent in 13 months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, rents were up 17.5% one year earlier, in March 2022.
