Redfin Corporation (RDFN)
| Market Cap | 1.17B |
| Revenue (ttm) | 1.04B |
| Net Income (ttm) | -191.39M |
| Shares Out | 128.03M |
| EPS (ttm) | -1.54 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,993,131 |
| Open | 8.88 |
| Previous Close | 8.72 |
| Day's Range | 8.83 - 9.26 |
| 52-Week Range | 5.49 - 15.29 |
| Beta | 2.50 |
| Analysts | Hold |
| Price Target | 10.85 (+18.84%) |
| Earnings Date | May 6, 2025 |
About RDFN
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates, sells, and services mortgages. In addition, the company uses digital platforms to connect consumers with rental properties and for other advertising. The company was formerly known as Appliance Computing Inc. and changed it... [Read more]
Financial Performance
In 2024, Redfin's revenue was $1.04 billion, an increase of 6.79% compared to the previous year's $976.67 million. Losses were -$165.87 million, 26.5% more than in 2023.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for RDFN stock is "Hold." The 12-month stock price forecast is $10.85, which is an increase of 18.84% from the latest price.
News
Redfin Reports U.S. Asking Rents Fell 1% Year Over Year in April—Biggest Drop in 14 Months
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. asking rent fell 1% year over year to $1,625 in April, marking the biggest decline since February 2024, according to a new report from Redfin...
The Homes Americans Are Buying Are Older Than Ever
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical home bought in the U.S. hit a record age of 36 years in 2024, according to a new report from Redfin (redfin.com), the technology-powered real est...
Redfin Reports Demand For Vacation Homes Drops to Lowest Level Since at Least 2018
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. homebuyers took out 86,604 mortgages for second homes in 2024, the lowest level in records dating back to 2018 and down 5% from a year earlier, accordin...
Redfin Reports Record-High Costs, Economic Unease Are Stunting This Spring's Homebuying Season
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. monthly housing payment hit an all-time high of $2,868 during the four weeks ending May 4, according to a new report from Redfin (redfin.com)...
Washington, D.C. Housing Inventory Jumps Record 25% Amid Federal Layoffs
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Active listings of homes for sale in Washington, D.C. jumped 25.1% year over year to the highest level since 2022 during the four weeks ending April 27—the l...
Redfin Reports Sending 2 Kids to Daycare Costs More Than Rent in Most Major U.S. Metros
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —In Denver and Seattle, families with one child pay nearly as much for daycare as they do for rent—while families with two or more children of...
Redfin Reports First Quarter 2025 Financial Results
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its first quarter ended March 31, 2025. First Quarter 2025 First quarter revenue was $221.0 million, a decrease ...
Permits to Build U.S. Apartments Drop Below Pre-Pandemic Levels
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in the U.S. over the past year, according to a new report from Re...
Redfin Reports Monthly Housing Costs Hit All-Time High Amid Economic Uncertainty, Keeping Buyers on the Sidelines
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The 2025 spring homebuying season is lackluster, with record-high housing costs and widespread economic instability keeping would-be homebuyers at bay, accor...
Redfin Reports Monthly Mortgage Payments Are Falling in 12 of the 50 Most Populous U.S. Metros
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Monthly mortgage payments are declining in 12 of the 50 most populous U.S. metro areas, half of them in Florida or Texas. That's according t...
The Typical Home Seller Wants $39,000 More Than the Typical Buyer Is Willing to Pay
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The prices home sellers are asking for and the prices homebuyers are paying haven't been this out of whack since the start of the pandemic, according to a ne...
Redfin Reports Home Prices Are Falling in 11 of the 50 Most Populous U.S. Metros, the Most in 19 Months
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median home-sale price declined year over year in 11 of the 50 most populous U.S. metro areas during the four weeks ending April 20, according to a new r...
Redfin to Announce First-Quarter 2025 Results on May 6, 2025
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2025 results after the stock market closes on Tuesday, May 6, 2025. Given the pending acquisition of Redfin by Ro...
Redfin Reports U.S. Home Prices Ticked Up 0.2% in March, the Slowest Pace Since 2022
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices ticked up 0.2% from a month earlier in March on a seasonally adjusted basis, the slowest pace since December 2022, according to a new report...
44% of Home Sellers Are Giving Concessions to Buyers—Just Shy of the Highest Level on Record
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sellers gave concessions to buyers in 44.4% of U.S. home-sale transactions in the first quarter, according to a new report from Redfin (www.redfin.com),...
24% of Americans are Scrapping Plans to Make a Major Purchase Like a Home or Car Due to Tariffs: Redfin Survey
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in four (24%) U.S. residents are canceling plans to make a major purchase, such as a home or a car, because of President Trump's new tariff polici...
Redfin Reports Home-Price Growth Is Losing Steam As Buyers Back Off Amid Economic Instability and High Costs
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, the median home-sale price rose 2.6% year over year during the four weeks ending April 13, according to a new report from Redfin (redfin.com), th...
Redfin Reports U.S. Homes Are Selling at the Slowest Pace in 6 Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. home that went under contract in March was on the market for 47 days—the longest period for any March since 2019. That's according to a new ...
Redfin Reports Florida and Texas Are Gaining Residents at a Much Slower Rate Than They Used to, Eating Into Homebuyer Demand
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The flow of U.S. residents moving into Florida, Texas and other parts of the Sun Belt slowed significantly in 2024, according to a new report from Redfin (ww...
Redfin Reports the Top 10 Most Expensive Home Sales of March
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Hawaii was home to the most expensive home sale of March, with a beachfront estate on Oahu going for $65.8 million. Next came two properties that sold for $6...
Redfin Reports U.S. Asking Rents Fell Slightly in March, But Tariffs Could Drive Up Costs for Renters
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking price fell 0.6% year over year to $1,610 in March, and rose 0.4% month over month. That's according to a new report fr...
Redfin Reports Homeowners Need to Earn Over $50,000 More Than Renters to Afford Monthly Payments—And the Gap is Widening
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Americans need to earn $116,633 per year to afford the median priced home for sale, 81.8% more than the $64,160 needed to afford the typical...
Redfin Reports Homebuyer Demand Improved Last Week, But Tariff Turmoil, Rising Rates and Economic Jitters Likely to Hamper Sales
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The housing market is under pressure as prospective homebuyers and sellers navigate a rapidly shifting economic landscape, with President Trump's tariff poli...
Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The total value of homes in majority-Hispanic neighborhoods rose 4.2% year over year to $2 trillion in 2024, according to a new report from R...
Redfin Survey: 1 in 5 Homebuyers Expect to Sell Stocks to Fund Down Payment
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — One in five (20%) prospective homebuyers expect to sell stocks to help fund their next down payment, according to a new survey from Redfin (www.redfin.com), ...