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

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

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

The five U.S. metro areas where pending sales are falling most are all in Florida, though the declines are easing in some metros following a destructive hurricane season (NASDAQ:RDFN) — Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In Fort Lauderdale, pending sales dropped 15.2% year over year during the four weeks ending November 10—the biggest decline among the U.S. metropolitan areas Redfin analyzed. Next came Miami (-14%), West Palm Beach (-13.8%), Jacksonville (-9.5%) and Tampa (-7.2%). Nationwide, pending sales rose 4.7% over the sam

On a year-over-year basis, home prices rose 5.9%, the smallest annual increase since December (NASDAQ:RDFN) — U.S. home prices grew 0.5% from a month earlier in October on a seasonally adjusted basis, matching September's increase, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, home prices rose 5.9%, the lowest annual increase since December. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have

Redfin Corporation (NASDAQ:RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference Monday, November 25, at 11:45 a.m. ET A link to the live webcast, as well as the replay of this presentation, will be available 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 and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see ho

Of those earning under $50,000 who struggle to afford housing, 21% have delayed or skipped medical treatments, while 15% have worked a side hustle (NASDAQ:RDFN) — Nearly three-quarters (74%) of U.S. residents who earn less than $50,000 per year sometimes, regularly or greatly struggle to afford their regular mortgage or rent payments. That's according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage. Of those people, nearly one-quarter (24%) report they have skipped meals to afford their monthly housing costs. That's one of the most commonly cited sacrifices among people in that income bracket, topped only by eating at restaurants less of

Redfin reports existing home sales rose 1.6% month over month in October to a seasonally adjusted annual rate of 4,179,346, and are on track to finish this year higher than last year (NASDAQ:RDFN) —Existing home sales rose 1.6% month over month in October—the biggest gain since January 2022—to a seasonally adjusted annual rate of 4,179,346. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They climbed 1.7% year over year—the first annual increase since November 2021—and are on track to finish the year slightly higher than they finished last year (4,093,102). Overall home sales, which include sales of both existing and newly-built h

Redfin's Homebuyer Demand Index is rising and mortgage-rate locks are jumping, with some buyers wading back into the market now that the election has passed and the Fed has cut interest rates for the second month in a row (NASDAQ:RDFN) — Early indicators of homebuying demand show that buyers are returning after taking a hiatus in the lead-up to last week's presidential election, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's Homebuyer Demand Index, a measure of tours and other buying services from Redfin agents, jumped more than 15% this past weekend to its highest level in nearly a year and a half (please note that this is bas

Redfin Corporation (NASDAQ:RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: RBC Capital Markets Technology, Internet, Media and Telecommunications Conference Wednesday, November 20, at 9:20 a.m. ET A link to the live webcast, as well as the replay of this presentation, will be available 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, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-bu

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

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

Redfin Corporation (NASDAQ:RDFN) today announced results for its second quarter ended June 30, 2024. Second Quarter 2024 Second quarter revenue was $295.2 million, an increase of 7% compared to the second quarter of 2023. Gross profit was $109.6 million, an increase of 9% year-over-year. Real estate services gross profit was $53.7 million, a decrease of 4% year-over-year, and real estate services gross margin was 29%, compared to 31% in the second quarter of 2023. Net loss was $27.9 million, compared to a net loss of $27.4 million in the second quarter of 2023. Net loss attributable to common stock was $28.1 million. Net loss per share attributable to common stock, diluted, was $0.23,

Redfin Corporation (NASDAQ:RDFN) will release second-quarter 2024 results after the stock market closes on Tuesday, August 6, 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

Redfin Corporation (NASDAQ:RDFN) today announced results for its first quarter ended March 31, 2024. First Quarter 2024 First quarter revenue was $225.5 million, an increase of 5% compared to the first quarter of 2023. Gross profit was $70.8 million, an increase of 22% year-over-year. Real estate services gross profit was $20.3 million, an increase of 28% year-over-year, and real estate services gross margin was 15%, compared to 12% in the first quarter of 2023. Net loss was $66.8 million, compared to a net loss of $60.8 million in the first quarter of 2023. Net loss attributable to common stock was $67.0 million. Net loss per share attributable to common stock, diluted, was $0.57, co

Redfin Corporation (NASDAQ:RDFN) will release first-quarter 2024 results after the stock market closes on Tuesday, May 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 agent.

Redfin Corporation (NASDAQ:RDFN) today announced results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Fourth quarter revenue was $218.1 million, a decrease of 2% compared to the fourth quarter of 2022. Gross profit was $73.2 million, an increase of 32% year-over-year. Real estate services gross profit was $29.9 million, an increase of 14% year-over-year, and real estate services gross margin was 22.5%, compared to 18.0% in the fourth quarter of 2022. Net loss was $22.9 million, compared to a net loss of $61.9 million in the fourth quarter of 2022. Net loss attributable to common stock was $23.1 million. Net loss per share attributable to common sto

Redfin Corporation (NASDAQ:RDFN) will release fourth-quarter 2023 results after the stock market closes on Tuesday, February 27, 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 also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with same day tours

Redfin Corporation (NASDAQ:RDFN) today announced results for its third quarter ended September 30, 2023. Third Quarter 2023 Third quarter revenue was $269.0 million, a decrease of 12% compared to the third quarter of 2022. Gross profit was $98.3 million, an increase of 8% year-over-year. Real estate services gross profit was $54.1 million, a decrease of 2% year-over-year, and real estate services gross margin was 30%, compared to 26% in the third quarter of 2022. Net loss was $19.0 million, compared to a net loss of $90.2 million in the third quarter of 2022. Net loss attributable to common stock was $19.3 million. Net loss per share attributable to common stock, diluted, was $0.17, c

Redfin Corporation (NASDAQ:RDFN) will release third-quarter 2023 results after the stock market closes on Thursday, November 2, 2023. 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 also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with same day tours,

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Goldman downgraded Redfin from Neutral to Sell and set a new price target of $6.50 from $6.00 previously

B. Riley Securities upgraded Redfin from Neutral to Buy and set a new price target of $13.00 from $7.50 previously

Stephens upgraded Redfin from Equal-Weight to Overweight and set a new price target of $9.00 from $8.00 previously

Gordon Haskett downgraded Redfin from Hold to Underperform and set a new price target of $5.50

B. Riley Securities initiated coverage of Redfin with a rating of Neutral and set a new price target of $8.00

DA Davidson upgraded Redfin from Underperform to Neutral and set a new price target of $8.00 from $8.50 previously

Gordon Haskett upgraded Redfin from Underperform to Hold and set a new price target of $7.00 from $8.00 previously

Oppenheimer upgraded Redfin from Underperform to Perform

Gordon Haskett downgraded Redfin from Hold to Underperform and set a new price target of $10.50

DA Davidson downgraded Redfin from Neutral to Underperform and set a new price target of $10.00

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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

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

Redfin is expanding its ground-breaking pay plan to agents in San Diego and Orange County based on positive response to the launch in San Francisco and Los Angeles (NASDAQ:RDFN) — Redfin (www.redfin.com) today announced it is expanding its new agent compensation plan to San Diego and Orange County, California. Under the new plan, rebranded to Redfin Next, agents earn competitive splits as high as 75%, 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. Since then, it has signed nearly

In San Francisco and Los Angeles, Redfin agents now get the best of both worlds: a big traditional split on their own deals coupled with Redfin.com customers, benefits and support (NASDAQ:RDFN) — Redfin (www.redfin.com) today announced Redfin Max, a new pay plan for agents. With Redfin Max, agents earn competitive splits as high as 75%, 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 Max is launching in San Francisco and Los Angeles and Redfin plans to expand it over time. Agents can connect with Redfin to learn about how they can maximize earnings and take th

Long-time board member and former chair, Bob Mylod, will not stand for re-election at 2022 annual shareholder meeting (NASDAQ:RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, today announced Brad Singer has joined its board of directors. Mr. Singer brings decades of business, finance and investment experience as a former partner and chief operating officer of ValueAct Capital. Prior to ValueAct Capital, Mr. Singer was the senior executive vice president and chief financial officer at Discovery Communications and chief financial officer & treasurer at American Tower. Before that, he was an investment banker at Goldman, Sachs & Co. Singer joins the board as lon

ATLANTA, July 28, 2021 /PRNewswire/ -- (NASDAQ:RDFN) — RentPath (www.rentpath.com), a Redfin company, announced today the appointment of Jon Ziglar as Chief Executive Officer effective August 16th. Ziglar comes to RentPath from ParkMobile, where he has been CEO and a board director since 2015. Ziglar has significant experience driving corporate strategy, sales and technology innovation to deliver growth in rapidly evolving industries. During his tenure at ParkMobile, the business grew its customer base over 800% while expanding its products beyond on-street parking to include event and airport reservations, electric vehicle charging and toll payments. Ziglar's experience running a marketplac

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U.S. housing prices just hit a new record high, with a median price of nearly $400,000, but price growth may stall out according to real estate company Redfin Corp (NASDAQ:RDFN). In a recent note, Redfin highlighted a 4.7% year-over-year growth in the median home price, the largest increase in more than 4 months.The price growth of homes comes as mortgage rates have retreated from their highs in October 2023. With mortgage rates lowering, in addition to a market with historically low inventory, strong demand has pushed the average home price higher.Despite mortgage rates coming down, mortgage-purchase applications are down 13% year-over-year, in a sign that high prices may be deterring w

Cape Coral, FL—at risk from natural disasters—is permitting more multifamily housing than anywhere else in the U.S. Austin ranks second, but has seen a significant slowdown in permits(NASDAQ:RDFN) —Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. so far this year, down nearly 30% from an average of 18 during the same periods in 2021-2023.That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.The report is based on a Redfin analysis of U.S. Census Bureau data covering building permits for multifamily units in buildings with five or more units during the first five months of 2024, and the sa

DA Davidson analyst Tom White maintains Redfin (NASDAQ:RDFN) with a Neutral and maintains $7.25 price target.

Sales of new single‐family homes declined last month as mortgage rates continued to remain elevated. May sales came in at a seasonally adjusted annual rate of 619,000 homes, according to estimates released jointly on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. That figure is 11.3% below the revised estimate of 698,000 houses for April and 16.5% below the May 2023 estimate of 741,000 homes. Also Read: Home Listings Surge, Indicating A Healthier Housing Market "Persistently high mortgage rates in May kept many prospective buyers on the sidelines," National Association of Home Builders Chairman Carl Harris said in a statement on Wednesd

Redfin's (NYSE:RDFN) short percent of float has risen 5.28% since its last report. The company recently reported that it has 17.75 million shares sold short, which is 17.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.1 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp

A lower-than-expected inflation report for May ignited a bullish frenzy on Wall Street, with investors increasing their bets on rate cuts, bolstered by growing confidence that the Federal Reserve will ease its policy stance later this year as price pressures trend towards the 2% target. The Consumer Price Index (CPI) data revealed cooler-than-anticipated monthly and annual inflation rates for both headline and core items. This report arrives just ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting, which will commence at 2:00 p.m. ET today. The implied probability of a rate cut by September has surged to 72%, up from 54% before the inflation report. Fed fut

Shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter EPS results. Streamline Health reported quarterly losses of 5 cents per share which missed the analyst consensus estimate of 4 cents per share. The company reported quarterly sales of $4.33 million which beat the analyst consensus estimate of $4.31 million, according to data from Benzinga Pro. Streamline Health Solutions shares dipped 23.3% to $0.4902 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers DDC Enterprise Limited (NYSE:DDC) surged 101% to $1.04. DDC Enterprise said it has acqu

Rent., a leading marketing platform for the multifamily rental industry, today announced that Damon Joshua has joined the company as President. With more than 25 years of sales leadership experience and a strong track record of driving revenue growth, Damon will bring his strategic vision to guide Rent.'s roadmap as it continues to meet the needs of the rapidly changing multifamily industry. He will direct Rent.'s overall strategy and operations and grow the business by ensuring Rent. remains the most innovative platform for the multifamily industry to market properties, connect with quality renters and fill vacancies.

Owning a home in the U.S. is reportedly much more expensive today than it was four years ago, even as home listings surged in May. Homeownership costs have jumped 26% since the pandemic began, as expenses such as taxes, utilities and insurance shot up during a period of elevated inflation across the entire economy, Bloomberg reports. Owning and maintaining a single-family home cost $18,118 a year in March, excluding mortgage payments, according to personal finance website Bankrate. The yearly figure, which is based on Redfin's March median sales price of $436,291, is $1,510 per month higher than when the pandemic broke out in March 2020, Bloomberg reported. The median sale price for