|Bid||17.19 x 2200|
|Ask||17.33 x 1400|
|Day's Range||16.70 - 17.37|
|52 Week Range||16.69 - 31.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.90|
Last week, Redfin Corp. (RDFN) CEO Glenn Kelman warned of a housing slowdown that is beginning to develop across the country, even more so in expensive markets like Seattle and San Francisco. Warning! GuruFocus has detected 2 Warning Sign with M. Click here to check it out.
Sales Rebounded, up 4.1%, as Inventory Declined Just 5.4% from Last Year San Jose, Seattle and Portland Posted Double-Digit Inventory Increases for the Second Month in a Row Home-Selling Speed Slowed Dramatically ...
NEW YORK, Aug. 17, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Redfin ...
The Seattle-based real estate brokerage company lost over 22.4% of its value despite beating earnings and revenue expectations. Redfin survived the 2008 financial crisis. Another downturn could increase the company’s market share in the long run.
MARKET PULSE Billionaire investor Julian Robertson's hedge fund, Tiger Global Management, bought a new 12.8 million share stake in Spotify Technology S.A. during the second quarter, according to the fund's latest 13F filing with the Securities and Exchange Commission.
You kids know who Glenn Kelman is? You guys ever hear of Redfin Corp. First off, for the uninitiated, Redfin is a technology-based real estate firm that engages in traditional brokerage activities as well as title search, settlement services, mortgage banking operations, to name a few.
The Euorpean Central Bank's supervisory arm has been focused on the exposure of several European banks to a rapidly weakening Turkish lira. While $62 billion of international debt is nothing to sneeze at, and while Turkey's current-account deficit in relation to GDP reaches for the same levels that were experienced by Greece in 2012, I think investors can understand that there will be some forced profit taking across financial markets that likely will provide opportunity in a limited way. Here in the U.S., financial markets will work through the tail end of second-quarter earnings season, which means as usual that we will focus on the brick-and-mortar retailers.
SEATTLE, Aug. 13, 2018 /PRNewswire/ -- (RDFN) -- Luxury home prices rose 5.2 percent year over year to an average of $1.9 million in the second quarter of 2018, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The Redfin analysis tracks home sales in more than 1,000 cities across the country and defines a home as luxury if it is among the top 5 percent most expensive homes sold in the city in each quarter. Luxury homes went under contract after an average of 65 days on market, six fewer days than the second quarter of last year, and the fastest pace on record since Redfin began tracking this metric in the first quarter of 2009.
The housing market hit a sudden and “significant” slowdown in the past few weeks that could continue in coming months, Redfin Corp.’s chief executive said Thursday afternoon.
On a day stocks fell, The Trade Desk skyrocketed after reporting earnings and Redfin warned of a sudden slowdown in the U.S. housing market.
Shares of Redfin Corp. (rdfn) fell nearly 7% late Thursday after the real-estate brokerage beat quarterly expectations but forecast slower revenue growth in the third quarter. Redfin said it earned $3.2 million, or 4 cents a share, compared with $4.3 million in the year-ago period. "We're now forecasting slower revenue growth for the third quarter based on an unexpected drop in Redfin's bookings growth in the past three weeks, slowing traffic growth in a weakening real estate market," Chief Executive Glenn Kelman said at a post-results conference call.
Redfin (RDFN) delivered earnings and revenue surprises of 300.00% and 3.75%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The Seattle-based company said it had profit of 4 cents per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings ...
SEATTLE, Aug. 09, 2018-- Redfin Corporation, the technology-powered residential real estate brokerage, today announced financial results for the second quarter ended June 30, 2018. All financial measures, ...
Redfin (RDFN), the next-generation, technology-powered real estate brokerage, is deepening its investment in Redfin Now, the service whereby Redfin buys homes directly, letting sellers move on with cash in-pocket. With the expansion to Orange County, Redfin is committing to the Redfin Now service and expects to offer it to consumers on an ongoing basis. Redfin Now then prepares the home for market and Redfin lists it online, with the goal of selling it at a profit.
Housing demand has been very strong, thanks to an improving economy, but red-hot home prices, combined with higher mortgage rates, are finally taking their toll on affordability and demand. Housing demand in June fell by the biggest margin since April 2016. Mortgage rates seem to be rising yet again, after a jump at the start of this year. Even as the supply of homes for sale increases, buyers are pulling back.
BOSTON, Aug. 1, 2018 /PRNewswire/ -- Massachusetts developer Stonebridge Homes, Inc. (www.stonebridgehomesinc.com) and next-generation real estate brokerage Redfin (www.redfin.com) today announced the latest phase of the Nadia Estates condominium development in Foxborough, MA. Every home in Nadia Estates includes a designer kitchen with granite countertops, hardwood and ceramic tile flooring, and high-end finishes. "Redfin is delighted to partner with Stonebridge Homes to announce the third phase of Nadia Estates to homebuyers," said Nancy Schiff, a senior real estate agent with Redfin, and the lead agent for all of Nadia Estates, including the homes that are available now.
SEATTLE, Aug. 1, 2018 /PRNewswire/ -- (RDFN) — The Redfin Housing Demand Index fell 0.7 percent month over month to 120 in June. The decline was driven by a 2.2 percent decrease in the seasonally adjusted number of homebuyers requesting tours, and a 12.2 percent decrease in the number making offers on homes from May to June. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers.
Redfin Corporation (RDFN), the technology-powered residential real estate brokerage, will release second-quarter 2018 results after the stock market closes on Thursday, August 9, 2018. Participants may access the live webcast in listen-only mode on Redfin’s Investor Relations website at http://investors.redfin.com. Redfin (www.redfin.com) is the technology-powered residential real estate brokerage.
The company has only made one acquisition in its history and that deal reveals what Redfin may be looking for now.