|Bid||21.36 x 900|
|Ask||21.71 x 1400|
|Day's Range||21.08 - 21.43|
|52 Week Range||13.56 - 23.47|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.00|
(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 […]
‘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.’
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.
(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, launched its Redfin Direct service in most of its California markets, including Fresno, Inland Empire, Los Angeles, Orange County, Palm Springs, Sacramento, San Diego and Santa Barbara. Redfin Direct helps homebuyers easily visit and buy Redfin-listed homes without needing to contact a buyer's agent. With Redfin Direct, buyers can make their offer more competitive by saving the seller from paying thousands in commissions to a buyer's agent.
Residential real estate company Redfin is out with a list of predictions for the housing market in 2020 — a report that bodes some not-so-good news for those looking to buy a home in the Charlotte area in the coming months.
DALLAS, Nov. 22, 2019 /PRNewswire/ -- (RDFN) — Redfin Mortgage, LLC is now offering loans to homebuyers in Massachusetts, Michigan and Wisconsin. Redfin Mortgage is a subsidiary of Redfin (www.redfin.com), the tech-powered residential real estate company. Redfin Mortgage offers fixed- and adjustable-rate conforming mortgages as well as jumbo loans in 15 states and the District of Columbia.
SEATTLE, Nov. 21, 2019 /PRNewswire/ -- (RDFN) -- More than 90% of millennial homebuyers would choose a single-family home over an equal-priced unit in a triplex with a shorter commute, according to a new report from (www.redfin.com), the tech-powered real estate brokerage. While the nationwide premium has remained flat, the price premium for single-family homes over condos has generally declined since 2013 in expensive metros like San Jose (single-family homes sell for 25% more than comparable condos, down from 31% in 2013) and Los Angeles (19% premium, down from 27%).
A new report from real-estate brokerage Redfin examined the most successful strategies to use when dealing with competing bids for homes. Committing to buy a home without financing more than tripled the likelihood of placing the winning bid. The study was based on an analysis of the outcomes of 9,000 offers that Redfin agents wrote on behalf of home buyers who faced competition for their desired property between January 2018 and September 2019.
Low mortgage rates prop up homebuyer demand as inventory declines SEATTLE , Nov. 19, 2019 /PRNewswire/ -- (NASDAQ: RDFN) — U.S. home-sale prices increased 5.4% year over year in October to a median of ...
SEATTLE, Nov. 14, 2019 /PRNewswire/ -- (RDFN) -- New-home sale prices dropped 1.5 percent year over year to a median of $370,300 in the third quarter, according to a new report from Redfin (www.redfin.com). The price decline for new homes is partly a reflection of builders responding to buyer demand for affordability, which strengthened sales. The surge in sales, along with a nearly 10 percent year-over-year increase in residential building permits—the biggest in two-and-a-half years—signals the beginning of a moderate recovery for the new-home market.
Competition in the Bay Area saw unseasonal uptick despite a smaller than anticipated impact from recent tech IPOs SEATTLE , Nov. 13, 2019 /PRNewswire/ -- (NASDAQ: RDFN) — Nationally, just 10 percent of ...
The latest spike in long-term bond yields may be negative for housing ETFs, but gradual adoption of technology in the space could prove to be a shot in the arm.
SEATTLE, Nov. 7, 2019 /PRNewswire/ -- (RDFN) -- The average sale price for luxury homes nationwide rose 0.3 percent year over year to $1.6 million in the third quarter of 2019, according to a new report from (www.redfin.com). For this analysis, Redfin tracked home sales in more than 1,000 cities across the U.S. (not including New York City) and defines a home as luxury if it's among the 5 percent most expensive homes sold in the quarter. In the other 95 percent of the market, home prices increased 3.6 percent annually to an average of $319,000 in the third quarter.
Redfin (RDFN) delivered earnings and revenue surprises of 75.00% and 3.71%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Redfin Corp. shares rose 5% in the extended session Wednesday after the residential real-estate company reported third-quarter profit and sales above Wall Street expectations. Redfin said it earned $6.8 million, or 7 cents a share, in the quarter, compared with $3.5 million, or 4 cents a share, in the third quarter of 2018. Revenue rose 70% to $239 million from $140 million, the company said. Analysts expected GAAP earnings of 4 cents a share on sales of $230 million. Redfin said it expects fourth-quarter revenue between $211 million and $220 million, and a net loss between $12.8 million and $9.5 million for the quarter. The stock had ended the regular trading day down 1.8%.
SEATTLE , Nov. 6, 2019 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the third quarter ended September 30, 2019. All financial measures, unless otherwise noted, ...
Increased home tenure leaves first-time homebuyers with fewer options SEATTLE , Nov. 4, 2019 /PRNewswire/ -- (NASDAQ: RDFN) — The typical American homeowner has spent 13 years in their home, up from eight ...