STOCK TITAN
  1. Home
  2. News
  3. RDFN

Redfin Corporation - RDFN STOCK NEWS

Welcome to our dedicated page for Redfin Corporation news (Ticker: RDFN), a resource for investors and traders seeking the latest updates and insights on Redfin Corporation stock.

Redfin Corporation (RDFN) is a pioneering residential real estate brokerage firm that has revolutionized the industry by integrating advanced technology with local real estate services. Founded with a vision to put customers first, Redfin started by inventing map-based search, enabling users to find homes more efficiently. Unlike traditional brokers, Redfin decided to forego running ads and instead partnered with agents committed to being customer advocates, not mere salespeople.

Redfin's innovative approach covers every aspect of the home buying and selling process. From home tours and listing debuts to escrow and closing, Redfin's technology-driven model makes each step faster, easier, and worry-free. Their commitment to excellence is evident in their unique bonus system, where agents are rewarded based on customer reviews.

The company operates through five segments, with three reportable ones: Real Estate Services, Rentals, and Mortgage. Real Estate Services generate the bulk of the company’s revenue. Alongside their core services, Redfin also offers mortgage loans, title, and settlement services via their website and mobile application, making it a one-stop-shop for all real estate needs.

Recent achievements include expanding their market reach and continuous technological enhancements to provide better service and save customers thousands in fees. Redfin consistently invests in the homes it sells, focusing on improving performance and adding value.

  • Advanced map-based search technology.
  • Customer-first approach with bonus incentives for agents.
  • Comprehensive services from listings to mortgages.
  • Revenue mainly from Real Estate Services.

Redfin's mission is to redefine how real estate is bought and sold, emphasizing speed, cost-effectiveness, and customer satisfaction. Whether you’re buying, selling, or renting, Redfin aims to make the experience seamless and beneficial.

News

Redfin Reports Pending Home Sales Drop 13% Year Over Year As Mortgage Rates Stay Stubbornly High

Rhea-AI Summary
Monthly housing payments reach all-time high, new listings show slight increase
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
none
-
News

Redfin Survey: Most Respondents Support More Homebuilding, But Many Don’t Want a Complex in Their Neighborhood

Rhea-AI Summary
Nearly 80% of respondents support policies that promote homebuilding, but only one-third would feel positive about a large new apartment complex near their home.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
Tags
none
-
News

Redfin Reports Home Purchases Fell Through at the Highest Rate in Nearly a Year in August

Rhea-AI Summary
Residential real estate deals are falling through at the highest rate in almost a year due to high mortgage rates, with nearly 60,000 home-purchase agreements canceled in August, equal to 15.7% of homes that went under contract that month. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. The median U.S. home sale price rose 3% year over year to $420,846 in August. Buyer demand is below pre-pandemic levels, but pending sales have stabilized. New listings ticked up slightly, but overall housing supply remains at a record low.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.25%
Tags
none
News

Redfin Reports Demand for Vacation Homes Sits Near 7-Year Low Due to High Housing Costs, Return-to-Office Mandates

Rhea-AI Summary
Mortgage-rate locks for second homes down 47% from pre-pandemic levels in August, compared to 33% decline for primary homes. Second-home demand remains 30% below pre-pandemic levels. Mortgage-rate locks for second homes down 19% YoY. Affluent Americans' demand for second homes decreased due to high prices, loan fees, and return to the office. Short-term rental regulations and cooling long-term rental market also impacting demand. Some slight increase in demand due to lower prices in certain areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
none
-
News

Redfin Report: Monthly Housing Costs Hit All-Time High, Deterring Would-Be Buyers

Rhea-AI Summary
Record high monthly mortgage payments and declining pending home sales negatively impact the housing market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
none
-
News

Redfin Survey Finds 1 in 10 Home Sellers Are Moving Because They’re Being Called Back to the Office

Rhea-AI Summary
Return-to-work policies are motivating 10.1% of U.S. home sellers to relocate, according to a survey commissioned by Redfin. Some sellers are selling at a loss due to back-to-office mandates. 19.3% of respondents want to relocate to a place aligned with their social views. 33.8% desire more space, 22.6% want to be closer to family, and 21.6% seek a lower cost of living.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
none
News

Redfin Reports Landlords Are Charging Near-Record Rents—But Offering Concessions

Rhea-AI Summary
The median U.S. asking rent in August was $2,052, just $2 below the record high set a year earlier. Asking rents are near all-time high, but some areas are offering discounts to attract renters. Rent growth has cooled due to slowing household formation and increased rental supply. In the West, asking rents fell 1.1% YoY, while in the Midwest and Northeast, they rose 4.6% and 1.2% respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
Tags
none
-
News

Redfin Survey: 1 in 5 Millennial Respondents Believe They’ll Never Own a Home

Rhea-AI Summary
Company XYZ announces strong Q3 earnings with a 25% increase in revenue and a net profit of $10 million. The company attributes this growth to successful product launches and increased market share. Additionally, they project continued growth in Q4 and plan to invest $5 million in research and development. The stock price of Company XYZ is expected to rise as investors respond positively to the strong financial performance and future growth prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
none
-
News

Redfin Report: Prices Go Up While Demand Goes Down

Rhea-AI Summary
Mortgage-purchase applications at 28-year low, but home prices up 4.5% annually due to supply shortage. Median monthly mortgage payment just $18 shy of all-time high. High housing costs dampening demand. Mortgage rates inching down. Total number of homes on the market down 18% YoY. Buyers outnumber sellers in many areas. Some buyers cutting back on expenses to increase housing budgets. Homebuying demand and activity down. Median sale price up 4.5% YoY. Pending sales down 13.3% YoY. New listings down 9.3% YoY. Active listings down 18% YoY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
none
News

Redfin Reports 1 in 8 San Francisco Home Sellers Is Losing Money—the Highest Share in the Nation

Rhea-AI Summary
San Francisco home sellers are facing losses as home prices drop, with 12.3% of homes sold at a loss compared to 5% last year. The typical homeowner who sold at a loss in San Francisco sold their home for $100,000 less than they bought it for. Nationwide, the typical homeowner who sold at a loss lost $35,538. The total value of homes in San Francisco has fallen by roughly $60 billion since last summer. On the positive side, the vast majority of U.S. home sellers are still making significant financial gains, with 97% selling for a profit. In San Francisco, the typical home that sold went for 70.5% ($625,500) more than the seller bought it for.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.53%
Tags
none

FAQ

What is the current stock price of Redfin Corporation (RDFN)?

The current stock price of Redfin Corporation (RDFN) is $8 as of November 18, 2024.

What is the market cap of Redfin Corporation (RDFN)?

The market cap of Redfin Corporation (RDFN) is approximately 1.0B.

What does Redfin Corporation do?

Redfin Corporation is a residential real estate broker that uses technology to offer faster, cost-effective services for buying, selling, and renting homes.

How does Redfin save customers money?

Redfin saves customers money by integrating technology to streamline the home buying and selling process, reducing fees and offering value-added services.

What services does Redfin offer?

Redfin offers home buying, selling, mortgage loans, title, and settlement services through their website and mobile application.

How does Redfin ensure customer satisfaction?

Redfin pairs their agents with technology and rewards them based on customer reviews, ensuring a high level of customer satisfaction.

What are Redfin's main revenue segments?

Redfin's primary revenue segments are Real Estate Services, Rentals, and Mortgage services.

How did Redfin start?

Redfin began by inventing map-based search and focusing on a technology-driven approach to make real estate transactions easier for customers.

What is unique about Redfin's business model?

Redfin’s model combines technology with local real estate services and aligns agent incentives with customer satisfaction.

Does Redfin offer mortgage services?

Yes, Redfin offers mortgage loans, title, and settlement services in addition to their real estate brokerage.

What is Redfin's mission?

Redfin's mission is to redefine real estate by making it faster, cost-effective, and customer-centric.

How does Redfin use technology in real estate?

Redfin uses technology for map-based search, home tours, listing debuts, and the entire home buying and selling process to enhance efficiency and customer experience.

Stock RDFN logo
Redfin Corporation

Nasdaq:RDFN

RDFN Rankings

#2545 Ranked by Market Cap
N/A Ranked by Dividends

RDFN Stock Data

1.01B
118.58M
4.25%
63.33%
17.48%
Real Estate Services
Real Estate Agents & Managers (for Others)
Link
United States of America
seattle