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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 Report: Homes Cost 38% More in Neighborhoods That Offer the Best Shot at Upward Mobility

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Redfin (NASDAQ: RDFN) reports that the typical home in high-opportunity U.S. neighborhoods went for $470,000 in 2022, 38.2% more than low-opportunity areas. Redfin's analysis reveals the challenges of accessing these neighborhoods due to affordability and segregation.
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Redfin Reports Nearly 1 in 10 U.S. Homes Are Worth at Least $1 Million, Close to All-Time High

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Redfin (NASDAQ: RDFN) reports that the share of million-dollar homes in the US is on the rise, reaching 8% and nearing the all-time high of 8.6%. The median US home-sale price rose 3% in July, with luxury homes up 4.6% year over year. Elevated mortgage rates are discouraging potential home sellers, driving prices up. East Coast metros are gaining million-dollar homes fastest while expensive coastal metros are losing them. California has the highest share of million-dollar-plus homes in the country.
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U.S. Housing Market Recovers the Nearly $3 Trillion It Lost, Hitting Record $47 Trillion in Total Value

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Redfin (NASDAQ: RDFN) reports record high U.S. home value of $46.8 trillion in June, rising 0.4% ($166.2 billion) from a year earlier. West Coast and pandemic boomtowns saw declines, while affordable markets like Little Rock and Milwaukee surged. Millennials now hold more home value than the Silent Generation.
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Redfin Reports Asking Rents Are Inching Closer to Their Record High

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RDFN: Redfin Rental Report Shows Record High Asking Rents in US, with Sluggish Growth and Regional Variations
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Redfin Report: Low Demand + Lower Supply = High Prices

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U.S. home prices rise 3% YoY due to shortage of homes for sale. Redfin reports double-digit increases in Miami and Milwaukee. Tepid homebuying demand due to high mortgage rates. Limited inventory pushes prices up. Mortgage-purchase applications down 27% YoY. Total number of homes for sale down 18% YoY. New listings down 16% YoY.
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Redfin Reports The Typical U.S. Homebuyer’s Monthly Payment Is Up Nearly 20% From a Year Ago As Prices Rise

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Redfin (NASDAQ: RDFN) reports the median U.S. home-sale price is up 3.2% year over year, with mortgage rates remaining elevated. The typical U.S. homebuyer’s monthly mortgage payment was $2,605, up 19% from a year earlier. Home prices are increasing due to the mismatch between supply and demand, with high mortgage rates deterring sellers. The total number of homes for sale is down 19%, and new listings are down 21%. Redfin’s Homebuyer Demand Index is down just 4% from a year ago.
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Redfin Reports Second Quarter 2023 Financial Results

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Redfin Publishes Wind Factor Data From First Street Foundation to Show Damage Potential for Homes

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Redfin (RDFN) Publishes Wind Risk Data for Nearly Every Property Listed on Redfin.com, Partnering with First Street Foundation to Educate Homebuyers on Climate Risks
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First-Time Buyers Need to Earn 13% More Than a Year Ago to Afford the Typical U.S. Starter Home

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Redfin (NASDAQ: RDFN) reports that the income needed to afford a starter home has risen over 20% in Fort Lauderdale, FL, and Miami, more than anywhere else in the country. The typical starter home sold for a record $243,000 in June, up 2.1% from a year earlier and up more than 45% from before the pandemic. Average mortgage rates hit 6.7% in June, up from 5.5% the year before and just under 4% before the pandemic. New listings of starter homes for sale dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic. Sales of starter homes dropped 17% year over year in June.
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Las Vegas Tops List of Popular Homebuyer Destinations For First Time, With West Coast Migrants Drawn to Cheaper Homes

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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.

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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)
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United States of America
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