|Bid||17.50 x 1300|
|Ask||18.36 x 800|
|Day's Range||17.87 - 18.24|
|52 Week Range||13.50 - 23.47|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.87|
The Federal Reserve may not be currently forecasting a recession, but sooner or later the U.S. economy’s fortunes will take a turn for the worse. And when that happens, home owners in Rochester, N.Y., can rest easy.
The Federal Reserve may not be currently forecasting a recession, but sooner or later the U.S. economy’s fortunes will turn for the worse.
More than a year ago, Redfin’s Ben “Ditto” Lasley took a walk in the San Francisco area with a colleague who works in North Texas, Jason Aleem. The idea had come up about him moving out to Dallas-Fort Worth and join his fellow worker at the online real-estate company. Although the potential move would get shelved for a while, the possibility came up again at the end of last year, and it didn’t take long for Lasley and his wife to make a decision.
If the U.S. economy slips into a recession, homeowners in Riverside, California, will fare much worse than those in Rochester, New York, Seattle-based real estate brokerage Redfin predicts. Redfin economists crunched a range of risk factors across 50 U.S. metro areas to estimate which markets were most vulnerable in a severe economic downturn. One key factor was how global trade affects the local economy, given the ongoing U.S. China trade war.
Another recession is unlikely to have a widespread impact on the real estate market, but some parts of the country are at more risk than others SEATTLE , Sept. 6, 2019 /PRNewswire/ -- (NASDAQ: RDFN) — ...
SAN ANTONIO, Sept. 5, 2019 /PRNewswire/ -- (RDFN) -- Redfin, the technology-powered real estate brokerage, announced that homeowners in the San Antonio metro area can now get a cash offer for their home from RedfinNow, a convenient and fast way to sell a home. Skip the repairs, showings, and uncertainty of a traditional home sale and move on your timeline," said Kari Ledgerwood, the Austin and San Antonio market manager for RedfinNow. RedfinNow charges a service fee of 7 percent of the sale price and complements Redfin's full-service listing product for sellers who want to put their home on the open market with a local Redfin agent.
(Bloomberg) -- Recession fears in the U.S. are killing homebuyers’ fighting spirit, sending the rate of bidding wars to an eight-year low.About 10% of buyers faced competitors in August, down from more than 42% a year earlier, according to an analysis by brokerage Redfin Corp. of offers written by its agents. The share fell from 11.4% in July, which was the lowest since at least 2011. It reached 59% in March 2018, and has been declining since then.Mortgage rates near three-year lows “have failed to bring enough buyers to the market to rev up competition for homes this summer,” Daryl Fairweather, chief economist for Redfin, said in a statement. “Recession fears have been enough to spook some would-be buyers from making the big financial commitment of a home purchase.”San Francisco remains the most competitive market, but the multiple-offer rate fell to 31% from 73.5% a year earlier. Atlanta, which had a 33.9% rate a year earlier, was the least competitive, with a 2.4% share.To contact the reporter on this story: Prashant Gopal in Boston at firstname.lastname@example.orgTo contact the editors responsible for this story: Rob Urban at email@example.com, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Only 10.4% of the offers made by Redfin agents on behalf of home buyers sparked a bidding war in August, the real estate brokerage reported Wednesday. It’s a far cry from a year earlier, when 42% of Redfin-written offers faced competition. The national bidding war rate reached its all-time high in March 2018, when 59% of Redfin’s offers were met with competing bids.
San Francisco, San Diego and Las Vegas were the most competitive housing markets in August, but local buyers were far less likely to face a bidding war than last summer SEATTLE , Sept. 4, 2019 /PRNewswire/ ...
SEATTLE, Aug. 29, 2019 /PRNewswire/ -- (RDFN) -- Redfin (www.redfin.com), the technology-powered real estate brokerage, announced today it will publish the commission offered to the buyer's agent for homes that a Redfin agent is hired to sell on Redfin.com. Redfin believes displaying the commission will help consumers better understand the costs and incentives in the real estate transaction. More than half of recent homebuyers don't fully understand how their agent was paid, according to a recent survey commissioned by Redfin.
Many homebuyers, priced out of walkable neighborhoods, are chasing affordability to car-dependent areas SEATTLE , Aug. 29, 2019 /PRNewswire/ -- (NASDAQ: RDFN) — Home-sale prices in walkable neighborhoods ...
Zillow Offers is live in 16 metropolitan areas across the country with 10 more planned by mid-2020, and RedfinNow is live in seven cities. Neither company has plans to offer home-buying services in Seattle.
Technology is starting to upend the staid real-estate market and Craig-Hallum analyst Brad Berning thinks that Redfin and RE/MAX “are positioned to be winners.”
SEATTLE, Aug. 20, 2019 /PRNewswire/ -- (RDFN) — A typical family in the San Francisco area would need to nearly triple their annual income to comfortably purchase a median-priced home. In Detroit, the typical family earns more than twice as much as they'd need to afford a median-priced home. This is based on the assumption that a home is affordable only if it costs less than 30 percent of gross income.
(Bloomberg) -- Even before Amazon.com Inc. completes its northern Virginia office hub, the e-commerce giant has helped make the area the most competitive housing market in the U.S.It’s hardest for buyers to win a home in Alexandria and Arlington, cities near Washington’s Reagan National Airport and close to where Amazon is building its East Coast headquarters, according to a study by Redfin Corp. The brokerage’s analysis factored in bidding wars, waived contingencies, above-list-price offers and how fast properties went under contract.Homes that sold last month were on the market for a median 11 days in Arlington and 14 days in Alexandria, about a week less than in the previous July for both locations. That compares with 27 days in the Washington, D.C., metropolitan area and 38 days nationally. About 57% of homes near Amazon’s northern Virginia site were snapped up by buyers in two weeks or less.In Seattle, where Amazon is based, locals blamed the company’s rapid growth and big paychecks for helping to fuel a housing affordability crisis. In the area around the nation’s capital, investors are bidding up prices, anticipating that they’ll be rewarded over the next decade with the arrival of tens of thousands of workers earning an average of $150,000 each.“The Amazon HQ2 effect has become a permanent factor in the Arlington and Alexandria housing markets,” local Redfin listing agent Marcia Burgos-Stone said in the report. “Some sellers are still opting to hold on to their homes and wait until it becomes a more concrete reality in the hopes that they’ll get more money. This has led to a shortage of homes for sale, which puts pressure on buyers who are concerned that they’ll be left behind if they can’t find a home before things get too heated up.”In both Arlington and Alexandria, the number of homes for sale fell by about 50% in July from a year earlier, Redfin said.The brokerage’s analysis assessed a “compete score” on a scale of 0 to 100. In markets that score above 90, most listings get multiple offers, and contingencies -- such as appraisals or inspections -- are often waived. Arlington and Alexandria each scored 96, along with Grand Rapids, Michigan, a city with a strong economy, growing job market and relatively affordable prices, Redfin said. Following were Tacoma, Washington, with 95, and Oakland, California, with 93.To contact the reporter on this story: Prashant Gopal in Boston 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.
The Amazon effect is fueling intense competition for homes with an easy commute to Crystal City SEATTLE , Aug. 19, 2019 /PRNewswire/ -- (NASDAQ: RDFN) — Alexandria and Arlington, VA are the most competitive ...
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/ ...