|Bid||16.78 x 1000|
|Ask||17.00 x 1800|
|Day's Range||16.58 - 17.20|
|52 Week Range||13.50 - 23.47|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.60|
As Redfin expands its direct homebuying and mortgage businesses, the Seattle-based brokerage is growing its footprint outside the city. The RedfinNow team is equally split between Seattle and Dallas, but team lead Quinn Hawkins said the Dallas base will ultimately grow faster than Seattle. RedfinNow’s Dallas employees do estimation, vendor management and payment planning, though the company also established Dallas as its first engineering hub outside Seattle and San Francisco.
Home sales down for second month in a row despite low mortgage rates SEATTLE , Aug. 15, 2019 /PRNewswire/ -- (NASDAQ: RDFN) — U.S. home-sale prices rose for the fourth consecutive month in July, growing ...
SEATTLE, Aug. 13, 2019 /PRNewswire/ -- (RDFN) -- Sale prices for newly built homes dropped 0.5 percent year over year to a median of $372,900 in the second quarter of 2019, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Meanwhile, the median sale price for existing homes rose 3.2 percent in the second quarter to $309,700, continuing a seven-year trend of increasing prices. Existing home sales, which were down 0.7 percent in the second quarter, have followed a similar pattern, though sales for existing homes have yet to reverse into positive territory.
San Francisco, San Diego and Boston were the most competitive markets in July, though homebuyers are less than half as likely to face a bidding war as they were last year SEATTLE , Aug. 7, 2019 /PRNewswire/ ...
SEATTLE, Aug. 6, 2019 /PRNewswire/ -- (RDFN) — The average sale price for luxury homes nationwide increased 1 percent year over year to $1.64 million in the second quarter of 2019, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This marks a modest return to the trend of rising luxury home prices, which was interrupted by a 1.7 percent decline in the first quarter of this year. For this analysis, Redfin tracked home sales in more than 1,000 cities across the U.S. (not including New York City) and defined a home as luxury if it's among the 5 percent most expensive homes sold in the quarter.
Honolulu, Boston, and D.C. top the 6 metros where high-earning, aggressive savers can enjoy an early retirement SEATTLE , Aug. 5, 2019 /PRNewswire/ -- (NASDAQ: RDFN) — Honolulu , Boston , and Washington, ...
If you own shares in Redfin Corporation (NASDAQ:RDFN) then it's worth thinking about how it contributes to the...
SEATTLE, Aug. 2, 2019 /PRNewswire/ -- (RDFN) — Homebuyers and sellers are nearly twice as likely to oppose the building of dense housing in their neighborhood than they are to support it, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Fifty-three percent of homebuyers and sellers support zoning policies that limit housing density near where they live, and 27 percent support policies that enable it. Today's report reveals responses to a question asking whether respondents support local zoning policies that limit the number of dense housing units, or those that make it possible for more dense housing units to be built.
Redfin (RDFN) delivered earnings and revenue surprises of 6.67% and 3.88%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Redfin Corp. rallied in the extended session Thursday after the real estate company reported a second-quarter loss in line with expectations and sales came in above forecasts. Redfin said it lost $12.6 million, or 14 cents a share, in the quarter, versus a profit of $3.2 million, or 4 cents a share, in the second quarter of 2018. Revenue increased 39% year-over-year to $197.8 million. Analysts polled by FactSet had expected a loss of 14 cents a share on sales of $191 million. "The second quarter is a turning point for our company," Redfin Chief Executive Glenn Kelman said in a statement. "Year-over-year growth in website traffic, brokerage sales, and revenues overall accelerated for the second straight quarter. Our new businesses have built the infrastructure and delivered the results needed for more rapid expansion," he said.
SEATTLE , Aug. 1, 2019 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the second quarter ended June 30, 2019. All financial measures, unless otherwise noted, are ...
Redfin (NASDAQ: RDFN ) announces its next round of earnings this Thursday, August 1. Here's Benzinga's look at Redfin's Q2 earnings report. Earnings and Revenue Analysts are expecting Redfin to report ...
SEATTLE, July 31, 2019 /PRNewswire/ -- (RDFN) — Homeowners in primarily white neighborhoods gained an average of $70,000 more in home equity than homeowners in primarily black neighborhoods from 2012 to 2018, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. In part as a result of the inequality in homeownership and home-equity gains, black Americans have seen their median net worth decline in the past decade while for white Americans it rose by double digits. While U.S. home prices have risen 73 percent since the first quarter of 2010, homeownership rates among all Americans dropped 3 percentage points to 64.1%.
Phoenix's Arcadia, Sacramento's River Park, and Atlanta's Buckhead are the most popular neighborhoods for transplants SEATTLE , July 30, 2019 /PRNewswire/ -- (NASDAQ: RDFN) -- Twenty-five percent of home ...
Redfin (RDFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SEATTLE , July 24, 2019 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following investor conference: Oppenheimer 22nd ...
SEATTLE, July 24, 2019 /PRNewswire/ -- (RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, released findings today from a national survey of real estate agents. The comprehensive survey sought to uncover the state of the real estate agent profession in the United States in terms of career fulfillment and growth, commissions, income, feelings about technology, and the pervasiveness of racial bias and sexism in the industry. "As a company that has long aspired to be the best employer in real estate, Redfin commissioned this survey to understand, at a time when billions in private and public capital is being invested in U.S. real estate brokerages, how the life of an agent has changed, and what we can do to attract a new generation of talent to our profession," Redfin CEO Glenn Kelman said.
(Bloomberg) -- The U.S. real estate industry may soon find out whether house hunters will look for homes in the place where they already shop for everything else.Amazon.com Inc. is partnering with Realogy Holdings Corp. to funnel potential buyers to the brokerage company’s agents. Clients who go on to purchase a home will receive up to $5,000 in products and services from Amazon, giving the company a way to market things it already sells -– handyman services, smart-home gadgets, furniture -– to people who are likely to need them.For Realogy, whose brands include Century 21, Coldwell Banker and Sotheby’s International Realty, the partnership lets it use Amazon’s massive audience to give it a leg up in the highly fragmented residential real estate industry. Tuesday’s announcement follows news earlier this month that brokerage Redfin Corp. is working with the SoftBank-backed startup Opendoor in a venture that seeks to leverage web traffic to drive home sales.The program, called TurnKey, could generate new leads for Realogy, helping the company recruit and retain agents, and allowing the brokerage to command a higher share of agent commissions, analysts at PiperJaffrey wrote in a note. “The magnitude of those benefits will depend on the amount of marketing put forward to drive awareness,” the analysts said.Realogy shares jumped as much as 30%, its most ever in intraday trading, before giving up some of those gains. They were up 18% as of 2:55 p.m. New York time to $6.13. The company’s shares had retreated more than 60% this year through Monday.Housing DisruptorsThe housing market has long presented a tantalizing but complex proposition to technology companies. It’s enormous -- the total value of U.S. homes tops $33 trillion by one estimate -- and fragmented, making it an appealing target for disruption. It’s also defined by a small number of high-value transactions, giving buyers and sellers reason to opt for personal relationships with human agents.Early entrants, like Zillow Group Inc. and Redfin Corp., succeeded at building large online audiences for home listings and market analysis, but ultimately wound up fitting into the existing ecosystem rather than remaking it in their own images. Lately, tech companies have used home-pricing algorithms and war chests of investor capital to build the biggest home-flipping operations the world has ever seen -- proving that some Americans are willing to do the biggest transactions of their lives online.Amazon’s PitchFor Amazon, the partnership is another way for the e-commerce giant to ingratiate itself with customers going through big life changes. It already entices new parents with cheap diapers, and college students with deals on books. Capturing homebuyers would create a market for a range of home-improvement services as well as technology including Amazon’s Alexa-powered Echo speakers, doorbells and security cameras. As always, the overarching goal is to find new customers and lock them into the Prime membership program.Beyond Amazon, there are other large internet businesses that could shake up an industry that has yet to be fully digitized.“Given the fragmentation of the online real estate brokerage market, large internet firms like Amazon, Facebook and Google have an opportunity to leverage their traffic and potentially create a competing product to Zillow and Redfin,” said Andrew Eisenson, an analyst at Bloomberg Intelligence.Yet an e-commerce site may not be the first place people will want to turn to for the biggest purchase of their lives.“People are not on Amazon looking for houses,” real estate tech strategist Mike DelPrete said in an interview. “Imagine being in the bookstore and browsing around and having a real estate agent come up to you. It would be kind of distracting.”(Updates with benefits to Amazon and comment from strategist in paragraphs below the Amazon’s Pitch subheadline.)\--With assistance from Felice Maranz, Joshua Fineman and Matt Day.To contact the reporter on this story: Patrick Clark in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Debarati Roy at email@example.com, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
By buying a home through TurnKey, Amazon will offer smart-home products like Echo and Ring, plus moving services.