Redfin Reports Median U.S. Home Sale Price Hits All-Time High Of $397,482, Up 4.7% Year Over Year; Biggest Increase In Over Four Months; Price Growth May Slow As Homes Sell Below List Price, Inventory Rises, And Listings Grow Stale

7/11/24 8:17:59 AM ET

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Redfin Reports Median U.S. Home Sale Price Hits All-Time High Of $397,482, Up 4.7% Year Over Year; Biggest Increase In Over Four Months; Price Growth May Slow As Homes Sell Below List Price, Inventory Rises, And Listings Grow Stale

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Company	Date	Price Target	Rating	Analyst
Redfin Corporation $RDFN	11/18/2024	$6.00 → $6.50	Neutral → Sell	Goldman
Redfin Corporation $RDFN	9/3/2024	$7.50 → $13.00	Neutral → Buy	B. Riley Securities
Redfin Corporation $RDFN	5/8/2024	$8.00 → $9.00	Equal-Weight → Overweight	Stephens
Redfin Corporation $RDFN	2/29/2024	$5.50	Hold → Underperform	Gordon Haskett
Redfin Corporation $RDFN	12/8/2023	$8.00	Neutral	B. Riley Securities
Redfin Corporation $RDFN	9/28/2023	$8.50 → $8.00	Underperform → Neutral	DA Davidson
Redfin Corporation $RDFN	9/26/2023	$8.00 → $7.00	Underperform → Hold	Gordon Haskett
Redfin Corporation $RDFN	8/15/2023		Underperform → Perform	Oppenheimer

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Redfin Reports Third Quarter 2024 Financial Results
Redfin Corporation (NASDAQ:RDFN) today announced results for its third quarter ended September 30, 2024. Third Quarter 2024 Third quarter revenue was $278.0 million, an increase of 3% compared to the third quarter of 2023. Gross profit was $101.9 million, an increase of 4% year-over-year. Real estate services gross profit was $48.7 million, a decrease of 10% year-over-year, and real estate services gross margin was 28%, compared to 30% in the third quarter of 2023. Net loss was $33.8 million, compared to a net loss of $19.0 million in the third quarter of 2023. Net loss attributable to common stock was $34.1 million. Net loss per share attributable to common stock, diluted, was $0.28, co
11/7/24 4:00:00 PM ET
$RDFN
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Finance
Redfin to Announce Third-Quarter 2024 Results on November 7, 2024
Redfin Corporation (NASDAQ:RDFN) will release third-quarter 2024 results after the stock market closes on Thursday, November 7, 2024. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top age
10/24/24 4:00:00 PM ET
$RDFN
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Zillow Group to Announce Third-Quarter 2024 Results Nov. 6
Conference call to be webcast live at 2 p.m. PT / 5 p.m. ET SEATTLE, Oct. 15, 2024 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) today announced it will release third-quarter 2024 financial results after market close on Wednesday, Nov. 6, 2024. The company will host a webcast and conference call to discuss its results that afternoon at 2 p.m. PT / 5 p.m. ET. Information about Zillow Group's financial results, including a link to the live webcast and recorded replay, will be available on the company's Investor Relations website at https://investors.zillowgroup.com/investors/fin
10/15/24 4:05:00 PM ET
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Redfin Reports Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage Rates
The number of homebuyers and sellers contacting Redfin agents has jumped over the last week, with Redfin's Homebuyer Demand Index posting its biggest year-over-year increase since early 2022 (NASDAQ:RDFN) — Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates for the second time in a row. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The number of people contacting Redfin agents for help buying and/or selling their home is up by double digits from a year ago. Redfin's Homebuyer Demand Index–a seasonally adjusted measure of those contacts–rose 17% year over year to its highest
11/21/24 8:00:00 AM ET
$RDFN
Real Estate
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Redfin Survey: 18% of Home Hunters Say Safety/Crime is a Reason They're Moving, 14% Cite Climate Risks
Safety and climate risk fears outranked a range of reasons to move, including lower property taxes, family changes, and higher rated schools (NASDAQ:RDFN) — Nearly one in seven (13.7%) home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move in the next year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Even more (17.5%) say a concern for safety/crime is prompting them to move. That's according to a Redfin-commissioned survey conducted by Ipsos in September 2024. The survey was fielded to 1,802 U.S. homeowners and renters aged 18-65. Redfin's report focuses on 904 respondents
11/20/24 8:30:00 AM ET
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Homes With Low Natural Disaster Risk Are Rising in Value Faster Than Homes With High Risk for the First Time in Over a Decade
Redfin reports that this year marked the first time since 2010 that low-risk homes across three major climate categories—heat, fire and flood—gained value faster than high-risk homes. That may be a sign Americans are growing more responsive to natural disasters. (NASDAQ:RDFN) — For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The total value of U.S. homes facing low risk of extreme heat is up 7% year over year to $17.7 trillion. The total value of homes facing high risk of extreme heat is up 6.3% to $29.7 tr
11/20/24 8:00:00 AM ET
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Redfin Expands Redfin Next Agent Pay Plan to 25 Additional Markets
Redfin Next offers agents the best of both worlds: big commission splits with zero expenses and free Redfin.com customer introductions, benefits and support (NASDAQ:RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to 25 additional markets. Under Redfin Next, agents in these markets earn competitive splits as high as 70%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. "Redfin Next has proven to be even better than we imagined at igniting our salesforce, helping us recruit new talent," said Jason Aleem, Redfin's chief of real es
5/17/24 8:30:00 AM ET
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Redfin Expands Redfin Next Agent Pay Plan to Additional Markets, Offering Big Splits with Zero Expenses
Redfin is expanding its ground-breaking pay plan to agents in Chicago, Connecticut, Dallas, Miami, New York, Palm Beach and Washington, D.C. (NASDAQ:RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to seven additional markets: Chicago, Connecticut, Dallas, Miami, New York, Palm Beach, and Washington, D.C. Under the Redfin Next plan, agents in these markets earn competitive splits as high as 70%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. Redfin initially announced the plan in San Francisco and Los Angeles in late October 2
3/21/24 8:30:00 AM ET
$RDFN
Real Estate
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Varo Bank Welcomes Allen Parker as Chief Financial Officer, Promotes Raktim Mitra to Chief Lending Officer
Parker's Experience at General Electric, Amazon, and Zillow, Combined with Mitra's Lending Roles at Goldman Sachs and Lending Club, Bolsters a Robust Leadership Team SAN FRANCISCO, March 19, 2024 /PRNewswire/ -- Varo Bank, N.A., the first nationally-chartered consumer techbank in the U.S., is pleased to announce the appointment of Allen Parker as its new Chief Financial Officer. Additionally, Raktim Mitra has been promoted to Chief Lending Officer after helping to build the company's lending business in his previous role as Head of Lending. Allen Parker joins Varo Bank with
3/19/24 8:00:00 AM ET
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Business Services
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Redfin Reports Median U.S. Home Sale Price Hits All-Time High Of $397,482, Up 4.7% Year Over Year; Biggest Increase In Over Four Months; Price Growth May Slow As Homes Sell Below List Price, Inventory Rises, And Listings Grow Stale

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Redfin downgraded by Goldman with a new price target

Redfin upgraded by B. Riley Securities with a new price target

Redfin upgraded by Stephens with a new price target

$RDFN$Z Financials

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Redfin Reports Third Quarter 2024 Financial Results

Redfin to Announce Third-Quarter 2024 Results on November 7, 2024

Zillow Group to Announce Third-Quarter 2024 Results Nov. 6

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SEC Form S-3ASR filed by Redfin Corporation

SEC Form 10-Q filed by Redfin Corporation

Redfin Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Zillow shares are trading lower following a decline in new home sales in June. Stocks across sectors are also down amid a broader selloff in tech.

Housing Prices Hit New All-Time Highs But Could Hit A Wall Soon, Despite Lower Mortgage Rates

Redfin Reports Median U.S. Home Sale Price Hits All-Time High Of $397,482, Up 4.7% Year Over Year; Biggest Increase In Over Four Months; Price Growth May Slow As Homes Sell Below List Price, Inventory Rises, And Listings Grow Stale

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Redfin Reports Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage Rates

Redfin Survey: 18% of Home Hunters Say Safety/Crime is a Reason They're Moving, 14% Cite Climate Risks

Homes With Low Natural Disaster Risk Are Rising in Value Faster Than Homes With High Risk for the First Time in Over a Decade

$RDFN$Z Insider Purchases

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Kelman Glenn bought $195,593 worth of shares (30,500 units at $6.41), increasing direct ownership by 2% to 1,458,448 units (SEC Form 4)

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Amendment: SEC Form SC 13G/A filed by Redfin Corporation

SEC Form SC 13G filed by Redfin Corporation

SEC Form SC 13G/A filed by Redfin Corporation (Amendment)

Chief Technology Officer Frey Bridget exercised 5,807 shares at a strike of $6.39, increasing direct ownership by 1% to 448,721 units (SEC Form 4)

Chief Technology Officer Frey Bridget sold $170,390 worth of shares (17,039 units at $10.00), decreasing direct ownership by 4% to 442,914 units (SEC Form 4)

Chief Growth Officer Taubman Christian John converted options into 23,901 shares, covered exercise/tax liability with 5,823 shares and sold $33,596 worth of shares (3,632 units at $9.25), increasing direct ownership by 25% to 71,720 units (SEC Form 4)

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Redfin Expands Redfin Next Agent Pay Plan to 25 Additional Markets

Redfin Expands Redfin Next Agent Pay Plan to Additional Markets, Offering Big Splits with Zero Expenses

Varo Bank Welcomes Allen Parker as Chief Financial Officer, Promotes Raktim Mitra to Chief Lending Officer

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