|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's Range||17.05 - 17.09|
|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|
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 email@example.comTo contact the editors responsible for this story: Debarati Roy at firstname.lastname@example.org, 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/ ...
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.