|Bid||16.81 x 1400|
|Ask||17.01 x 4000|
|Day's Range||16.66 - 17.10|
|52 Week Range||13.50 - 26.01|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.93|
A new partnership between a traditional real estate brokerage and a new tech-enabled disruptor points to a real estate market in the middle of immense flux, trying to offer all things to all consumers.
Redfin’s site traffic provides a cost advantage in customer acquisition, enabling the company to offer lower-cost services, Hargreaves said in a Thursday initiation note. Passing along these costs savings adversely impacts Redfin’s profit outlook, the analyst said, adding that the company has not demonstrated an ability to simultaneously gain market share and drive margin expansion.
SEATTLE , July 18, 2019 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) will release second-quarter 2019 results after the stock market closes on Thursday, August 1, 2019 . The company will host a live ...
How much information do Realtors keep among themselves, and what should be made transparent to housing market buyers and sellers?
Henry Ellenbogen, a Barron’s Roundtable panelist and former T. Rowe Price fund manager, says investors will “worry more about the presidential election and question what will drive economic growth.”
On Thursday, Redfin announced a partnership with Opendoor, allowing home sellers in Phoenix and Atlanta to request an Opendoor iBuyer offer directly through Redfin’s website, where homeowners can request an instant offer as part of their home sale process, Arounian said. “The partnership will begin in Phoenix and Atlanta initially, where it is already live, and likely expand to more markets if successful,” the analyst wrote in the note. “Redfin will also market Openhdoor’s homes on Redfin.com which should help increase the amount of inventory and traffic coming to the site,” he said.
Redfin and Opendoor team up in Phoenix and Atlanta. Here's what that means, and how it's a win for you as a homebuyer or seller.
The Fed doesn’t need to cut rates to prevent a recession, but it does have the opportunity to cut rates to help more people find jobs and get higher wages, writes Tim Mullaney.
SAN FRANCISCO and SEATTLE, July 11, 2019 /PRNewswire/ -- Opendoor and Redfin, two of the nation's largest technology-powered real estate companies, today announced home sellers in Phoenix and Atlanta can now request an Opendoor offer through Redfin's site and mobile apps. With this partnership, home sellers will have the opportunity to compare listing their home on the open market with a full-service Redfin agent to receiving an instant offer from Opendoor and skipping the process of listing altogether. By presenting a complete set of selling options, Opendoor and Redfin are empowering homeowners to make the best decision based on their needs and situation.
In San Jose, just 6% of offers written by Redfin agents on behalf of their home-buying customers faced a bidding war last month, down from 74% a year ago SEATTLE , July 10, 2019 /PRNewswire/ -- (NASDAQ: ...
Service empowers unrepresented buyers to make offers on Redfin-listed homes using step-by-step offer tool, helping Redfin's home-selling clients save on commission fees SEATTLE , July 9, 2019 /PRNewswire/ ...
AUSTIN, Texas, July 8, 2019 /PRNewswire/ -- (RDFN) -- Redfin, the technology-powered real estate brokerage, announced that homeowners in the Austin 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, Austin 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.
Algorithmic software is revolutionizing the U.S. real estate market, but skeptics fear it could lead to another crash.
Recent economic data and low interest rates have gassed up buyers, but releasing pent-up buying energy put pressure on the supply of homes on the market.
SEATTLE, July 2, 2019 /PRNewswire/ -- (RDFN) — The number of homes for sale nationally fell 0.3 percent year over year in late June—the first annual decline since inventory started climbing in September, according to Redfin (www.redfin.com), a technology-powered real estate brokerage. If supply growth continues falling at the rate it has been since April, by September the number of homes for sale will be down from a year earlier by more than 4 percent. The report is based on data on the number of homes for sale as of June 23 across 46 major markets Redfin tracks.
“For whatever reason, Austin, Texas has become ground zero for a lot of these new business models." That's according to Glenn Kelman, CEO of online residential real estate brokerage Redfin. His company is the latest to launch what's known as an iBuyer service in Austin — a way for sellers to get a cash offer on their property within days.
A MarketWatch investigation of iBuyers — businesses built on instant offers for homes — found that offers are much lower, and convenience not much better, than a seller could expect on the open real estate market.
All the long-promised changes in residential real estate are finally upon us, says one analyst in a recent note, changing his outlook on the stocks under his coverage.
Does the June share price for Redfin Corporation (NASDAQ:RDFN) reflect what it's really worth? Today, we will estimate...
In this article we are going to estimate the intrinsic value of Redfin Corporation (NASDAQ:RDFN) by projecting its...
31% of single mothers are homeowners nationally, down from nearly 36% in 2010 SEATTLE , June 24, 2019 /PRNewswire/ -- (NASDAQ: RDFN) — Just 31.1 percent of single mothers nationwide owned homes in 2017, ...
Investors are buying up US real estate like hot cakes making up 11% of total home sales in 2018, the highest on record, according to WSJ. Zillow (ZG) is one such investor that has pivoted to be more than just a real estate tool.
SEATTLE, June 20, 2019 /PRNewswire/ -- (RDFN) — U.S. home-sale prices edged up again in May, growing 3.6 percent from a year ago to a median of $315,700, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Only six of the 85 largest metro areas Redfin tracks saw a year-over-year decline in their median sale price, the biggest of which were a 6 percent drop in San Jose, a 2.5 percent dip in New York, and a 2.2 percent decline in Honolulu. "As mortgage rates have fallen this month, Redfin has seen upticks in the number of people wanting to talk with our agents about buying homes and the number going on home tours," said Redfin chief economist Daryl Fairweather.