24.50 +0.01 (0.04%)
After hours: 4:38PM EST
|Bid||24.50 x 1000|
|Ask||24.50 x 900|
|Day's Range||24.12 - 24.72|
|52 Week Range||14.70 - 24.72|
|Beta (5Y Monthly)||1.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 05, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.85|
In the latest installment of Barron’s annual investment Roundtable, five of our 10 panelists take their turn naming top investment picks—and some pans.
This weekend's Barron's cover story explains why Dow 30,000 is just the start. Other featured articles offer a close look at stock picks from some Barron's Roundtable panelists. Also, the prospects for ...
Barron’s Roundtable panelist Henry Ellenbogen of Durable Capital Parnters says the average Redfin agent closes three times as many transactions as the average real estate agent in the country.
(NASDAQ: RDFN) -- U.S. home-sale prices increased 6.9% year over year in December to a median of $312,500, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Home prices were also up 1.1% month over month on a seasonally-adjusted basis, the largest increase since February 2018.
(NASDAQ: RDFN) — Just 9% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war nationwide in December, down from 12% a year earlier and setting another new 10-year low, according to a new report from Redfin (www.redfin.com). The rate is likely to begin rising again early this year as the real estate market heats up in the spring.
‘With these types of transactions gaining market share, it reduces the accuracy and usefulness of data that is based on traditional multiple listing service sources.’
‘There is no incentive for local municipalities to change anything because homeowners vote, and homeowners understandably want to protect their home values.’
Interesting doesn't come close to describing 2019 for businesses in the Seattle area. This was a year of Amazon expanding further — locally and nationally — Boeing dealing with disaster after disaster and T-Mobile's long-delayed attempt to merge with Sprint. From delays of major aircraft to the deadly crash that prompted aviation regulators around the world to ground the 737 Max and the ultimate ouster of CEO Dennis Muilenburg, Boeing-related stories have easily been the most read of any the Business Journal has written this year.
(NASDAQ: RDFN) — Bay Area neighborhood White Oaks is the most competitive neighborhood of the year for homebuyers, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Alger Heights in Grand Rapids, MI and East Arlington in Boston rounded out the top three competitive neighborhoods.
(Bloomberg) -- San Francisco’s towers and Silicon Valley’s sprawling tech campuses have long overshadowed downtown San Jose in the Bay Area. But developer Erik Hayden says the time has finally come for the city -- thanks, in part, to a Trump-era tax break meant to help low-income communities.He and his partners at Urban Catalyst just unveiled their latest purchase in the city: a $24 million deal for a shuttered movie theater, which they plan to convert into an office development called Paseo.In just a few months, Urban Catalyst has become one of the most-active developers in California’s third-largest city, laying out plans for apartments, offices, a Marriott-branded hotel and even a senior-living facility -- much of it just steps from where Google is planning a new campus for 20,000 workers.And they have more coming as part of an effort to raise as much as $250 million to tap generous new federal subsidies for investing in areas designated as “opportunity zones.”“We definitely would not have as much interest in San Jose, especially in downtown, were it not for the opportunity zone,” Hayden said. “It was crucial.”That assertion is at the heart of a debate over one of the most controversial incentives in the tax package that President Donald Trump signed into law in late 2017: Would investment in opportunity zones have happened were it not for the tax breaks?Critics of the program have pointed to zones in areas that were already up-and-coming to argue they’re a waste of tax dollars. Proponents, meanwhile, have highlighted investments that have come together faster, and bigger, because of the incentives. Teasing out who’s right may never be possible, said Nate Jensen, a professor of government at the University of Texas at Austin, who studies economic development incentives.“The bottom line is we are not going to be able to evaluate this, even if we had all the project-level data,” he said.San Jose makes for an interesting case study. Long a bedroom community for Silicon Valley, the city has been trying to flip the script by bringing jobs and businesses downtown to bolster its tax base. Transit upgrades years in the making are moving forward. Roughly three years ago, Google began snapping up properties for its eventual campus.It’s all had the effect of spurring projects. Almost no new office space was finished in San Jose’s central business district in the past 10 years, according to research from CBRE Group Inc. In the coming decade, however, developers may deliver nearly 14 million square feet. And that doesn’t count the as much as 7.3 million square feet Google is planning.Construction costs remain high, so the opportunity zone benefits are “without question” important for some new developments, said Erik Hallgrimson, a broker with Cushman & Wakefield in San Jose.The real estate boom has provoked a backlash, with many residents worried that the arrival of thousands of tech workers will put housing out of reach in one of the more affordable parts of the Bay Area. Median home prices in the city almost touched $1.2 million in the spring of 2018, before moderating. They were $938,000 in October, according to Redfin Corp.Hayden estimated his developments will contribute about $25 million toward affordable housing, enough to create more than 120 below-market units. Urban Catalyst’s projects will also add $100 million to local coffers in property taxes through 2030, he said, more than the tax breaks his investors will likely reap because of the opportunity-zone benefits.Hayden’s fund has also allowed investors who’ve made money in tech to parlay some of their capital gains into redeveloping San Jose -- something they might not have done absent the tax benefits. More than half of the $42 million Urban Catalyst has raised to date has come from the sale of stock, including from executives at Apple Inc. and Facebook Inc.“This is the whole impetus of the program -- get money off the sidelines and invest in lower-income areas,” he said.(Updates with lack of past development in 10th paragraph. An earlier version of this story corrected the penultimate paragraph to say more than half the money comes from stock sales)To contact the reporter on this story: Noah Buhayar in Seattle at email@example.comTo contact the editors responsible for this story: Craig Giammona at firstname.lastname@example.org, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(NASDAQ: RDFN)-- Redfin (www.redfin.com), the tech-powered real estate brokerage, today announced it has improved the accuracy of the Redfin Estimate and expanded coverage to five new metro areas and several additional property types, including land and multi-family properties. The Redfin Estimate is a calculation of a home's worth, built on Redfin's propriety machine learning algorithm that uses billions of data points about properties across the country. Redfin improved the accuracy of its estimate for off-market homes by 70 basis points, as the median error improved from 6.3% to 5.6%. An error rate of 5.6% means that half of all Redfin Estimates fall within 5.6% of the home's eventual sale price. For a typical $300,000 home, the updated Redfin Estimate is now $2,100 closer to the market value and will be within $16,800 of the final sale price half of the time.
(NASDAQ: RDFN) — U.S. home-sale prices increased 5.2% year over year in November to a median of $311,600, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The increase was the largest since July 2018, when home prices were up 5.6% from a year earlier.
Housed in a temporary coworking space, the company already is planning a move to its own office in March.
(NASDAQ: RDFN) — iBuyers have purchased more than 10% of homes sold so far this year in a handful of neighborhoods, cities and towns, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The hotspots are mostly clustered in North Carolina and Arizona.
(NASDAQ: RDFN) — In the three years since Donald Trump won the presidential election, the typical "Trump" branded condo (excluding those in New York City, where the data was unavailable) sold for an estimated $729,000 nationwide, according to a new report from (www.redfin.com). That's 20% more than the typical sale price for comparable luxury condos, but down from the 28% price premium Trump-branded condos fetched in the three years preceding the election. That price premium first dropped the year after the election and has held steady since.
Compared to the same quarter last year, iBuyers sold homes for less than the year prior. However, the homes sold much quicker.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
The New York-based startup has provides customers with rebates of $23,000 on average, co-CEO Thomas Kutzman says.
(NASDAQ: RDFN) — iBuyers purchased 3.1% of the homes sold during the third quarter of 2019 across 18 markets, up from 1.6% a year earlier, according to a new analysis from Redfin (www.redfin.com), the tech-powered real estate brokerage. The markets where iBuyers had the largest market share were Raleigh (6.8%), Phoenix (5.1%), Atlanta (4.4%) and Charlotte (4.3%). The term "iBuyer" (short for instant buyer) is used to describe real estate companies, such as RedfinNow, that use technology to make quick cash offers and purchase homes directly from homeowners. They then quickly update and resell the homes.
Redfin Corp (NASDAQ: RDFN ) is making steady progress in expanding the revenue streams in its Mortgage and Title businesses, according to DA Davidson. The Analyst DA Davidson’s Tom White upgraded Redfin ...
(NASDAQ: RDFN) — Ten percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in November, down from 29% a year earlier and hovering at the 10-year low for the 5th consecutive month, according to a new report from Redfin (www.redfin.com). This rate is likely to remain low through the end of the year, and begin rising again in early 2020.
(NASDAQ: RDFN) — Minneapolis, Portland and Chicago are the most bikeable cities in the U.S. for the second year in a row, according to a new ranking from Redfin (www.redfin.com), the technology-powered real estate brokerage.
New home sales in the U.S increased 1.3% in November, capping the best three months of demand since since 2007. CEO of digital home buying platform 'Prevu' Thomas Kutzman joins the On the Move panel to discuss the luxury real estate market outlook.