|Bid||15.70 x 3100|
|Ask||16.50 x 4000|
|Day's Range||15.90 - 16.60|
|52 Week Range||13.50 - 31.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.83|
In November, just 32 percent of offers written by Redfin, a real estate brokerage, saw multiple offers. Housing inventory in the large metropolitan markets Redfin tracks was up 5 percent in November annually, the largest supply boost in three years. In Las Vegas, inventory in November jumped 54 percent from a year ago and sales were down 12 percent, according to the Greater Las Vegas Association of Realtors.
Prices post sub-4% growth for third consecutive month Balance of supply and demand is shifting toward homebuyers' favor in markets like San Francisco, Seattle, Denver, Dallas, and Portland, Oregon SEATTLE ...
Despite a cooling market, bidding wars remain the norm in California, Boston, and D.C. SEATTLE , Dec. 12, 2018 /PRNewswire/ -- (NASDAQ: RDFN) -- Thirty-two percent of offers written by Redfin agents on ...
Susquehanna International Group analysts on Thursday initiated coverage on shares of Redfin Corp. , giving the stock a positive rating and forecasting stronger market share for the Seattle-based discount brokerage. Redfin's market share has more than doubled since 2016, the analysts noted, and as the company grabs more business, it should become profitable. The analyst team believes consumers aren't aware that Redfin is a brokerage, and believes a substantial mass advertising campaign will help increase awareness. Still, it's also the case that Redfin has been around for more than a decade and still has only 0.85% market share nationally, they acknowledged, and a deteriorating housing market isn't going to help in the short term. The analysts assign a $19 price target to Redfin shares, an 11% premium to current trading levels.
SEATTLE, Nov. 29, 2018 /PRNewswire/ -- (RDFN) — Luxury home prices rose 3.2 percent year over year to an average of $1.7 million in the third quarter of 2018, according to Redfin (www.redfin.com), the next-generation real estate brokerage. This is the lowest growth rate since the fourth quarter of 2016, when prices were up 1.1 percent from a year earlier. 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 quarter.
NEW YORK, Nov. 21, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
SEATTLE, Nov. 19, 2018 /PRNewswire/ -- (RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, will now offer Redfin Concierge service to home sellers in the Seattle metro area. With Redfin Concierge, sellers get all the services and benefits of Redfin's home-selling offering, plus Redfin will handle improvements to prepare the home to sell.
SEATTLE, Nov. 16, 2018 /PRNewswire/ -- (RDFN) — U.S. home sale prices increased 4.5 percent year over year to a median of $297,200 in October, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home prices typically decline from September to October, having fallen by an average of 1 percent between the two months over the previous eight years. Despite this national increase, just 32 of the 71 largest metro areas Redfin tracks saw home prices increase from September to October, which suggests that the monthly gain is due to the share of homes selling last month shifting slightly to more expensive areas rather than individual homes increasing in value.
SEATTLE, Nov. 14, 2018 /PRNewswire/ -- (RDFN) -- Redfin, the next-generation real estate brokerage, and Notarize, the first company to enable an entirely online mortgage closing process, are working together to let customers close a home purchase completely online. Online closings are now available to customers of Title Forward, Redfin's title and settlement company, and Redfin Mortgage, Redfin's lending arm. "Redfin is using technology to improve the entire homebuying process from initial home search, to mortgage application and approval, to purchasing and now closing on a home purchase," said Jason Bateman, head of Redfin Mortgage.
Home listing views are speculative, but provide an early preview into how Amazon's plan might generate interest in the cities' housing markets.
These affordable metro areas are seeing a growing share of homes selling quickly and for above-list price SEATTLE , Nov. 9, 2018 /PRNewswire/ -- (NASDAQ: RDFN) -- While expensive coastal markets like Seattle ...
Redfin (RDFN) delivered earnings and revenue surprises of 100.00% and 0.90%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Shares of Redfin Corp. fell more than 9% in the extended session Thursday after the real-estate brokerage swung to a profit in the third quarter but guided for a weaker-than-expected fourth quarter. Redfin earned $3.5 million, or 4 cents a share, in the third quarter, versus a loss of $30 million, or 50 cents a share, in the third quarter of 2017. Revenue rose 28% to $140 million from $109 million a year ago. Analysts polled by FactSet had expected EPS of 2 cents a share on sales of $139 million. "A housing-market correction always makes it harder to grow revenues, but our ability to do so in even challenging markets speaks to our business's fundamental strength," Redfin Chief Executive Glenn Kelman said in a statement. The company said it expects fourth-quarter revenue between $115.1 million and $118.3 million, compared with analyst forecasts of $121 million, according to FactSet. Redfin said it expects a net loss between $18.7 million and $16.6 million for the quarter, compared with net loss of $1.8 million in the fourth quarter of 2017 and analyst expectations of a net loss around $6 million. The fourth-quarter net loss guidance includes about $5.9 million of expected stock-based compensation, $2.2 million of expected depreciation and amortization, $2.1 million of expected interest expense from the convertible senior notes issued in July, and $1.9 million of expected interest income, Redfin said. Shares of Redfin ended the regular session down 3.8%.
The Seattle-based company said it had net income of 4 cents per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings ...
SEATTLE, Oct. 31, 2018 -- Redfin Corporation (NASDAQ: RDFN), the technology-powered residential real estate brokerage, today announced that Chief Financial Officer Chris.
Jim Cramer was very clear in his opinion ""This was the first stock to tell you that real estate was floundering. In this daily bar chart of RDFN, below, we can see a peak back in late December/early January. The On-Balance-Volume (OBV) line shows a decline for the past twelve months.
"Buyers hear that the market has slowed and are curious to see what's available, but in general I find that today's buyers don't have the same strong sense of urgency to make offers that they had this time last year," said Alec Traub, a Redfin agent in Los Angeles, where the Demand Index increased 18.1 percent in September, the largest month-over-month surge posted across the 15 metros tracked. "Buyers tell me they like a home, but they don't love it. Boston, where the Demand Index was up 2 percent in September from August, is a good example of what's happening nationally. Last month, the Demand Index was down 10.2 percent since last year, the eighth consecutive month of annual declines.
Jim Cramer rattles off his take on callers' favorite stocks, many of which he says are currently in "bear market mode."
SEATTLE, Oct. 25, 2018 -- Redfin Corporation (NASDAQ: RDFN), the technology-powered residential real estate brokerage, will release third-quarter 2018 results after the stock.
More people are moving to affordable, low-tax inland job centers in states like Florida, Texas and Tennessee SEATTLE , Oct. 24, 2018 /PRNewswire/ -- (NASDAQ: RDFN) -- In the third quarter of 2018 people ...