51% of surveyed homeowners and renters think less immigration could make homes more expensive, while 39% think it could make homes more affordable. Regarding tariffs, 68% of respondents think tariffs could fuel price inflation and high interest rates, while 35% think they could make homes more affordable. (NASDAQ:RDFN) — Over half of U.S. homeowners and renters (51.2%) strongly or somewhat agree with the following statement: "Less immigration will result in fewer construction workers, and thereby fewer new homes, making homes more expensive." That's according to a new survey commissioned by Redfin (www.redfin.com), the technology-powered real estate brokerage. But much of the nation hol

Pending home sales are down 1% year over year while new listings are still rising, giving buyers negotiating power (NASDAQ:RDFN) — Just over 28% of U.S. homes are selling above the asking price, down from 32% a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the lowest level for this time of year since 2020, when the start of the pandemic ground the housing market to a halt. That's one signal of the shift toward a buyer's market in much of the country. For the sake of comparison, more than half (53%) of homes sold above list price during this period in 2022, when the housing market was heavily favoring sellers. The s

Detroit is the most affordable metro for luxury homes, with a median price of $753,851—44.1% less than the typical luxury home nationwide. San Francisco is the most expensive, with a median price above $6 million. (NASDAQ:RDFN) — The typical luxury home costs less than $1 million in seven of the top 50 most populous metros, down from 30 metros just five years ago. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The most affordable metro for buying a high-end property is Detroit, where the median price for a luxury home was $753,851 in April—44.1% less than the typical luxury home nationwide. That's according to an analysis of R

Many prospective homebuyers are sidelined by near-record costs and economic uncertainty, creating a buyer's market in many parts of the country. That's deterring some would-be sellers. (NASDAQ:RDFN) — New listings of U.S. homes for sale rose 6.3% year over year during the four weeks ending June 1, one of the smallest increases of the last three months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New listings declined year over year in 11 of the 50 most populous U.S. metros, with the biggest drops in San Jose, CA and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach. Zooming in on recent weeks, new list

The median U.S. asking rent dropped 1% year over year to $1,633 in May as elevated apartment supply gave renters room to negotiate (NASDAQ:RDFN) — The median U.S. asking rent fell 1% year over year in May to $1,633, which is $72 below the August 2022 record high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a month-over-month basis, the median U.S. asking rent rose 0.5% in May—typical for this time of year. Overall, 28 of the 44 major U.S. core-based statistical areas (CBSAs) Redfin analyzed saw asking rents decline last month—the highest number since September 2023. "Apartment construction in America has been hovering near a 50-

More than $330 billion worth of listings have been sitting on the market for 60 days or longer (NASDAQ:RDFN) — There's a total of $698 billion worth of homes for sale in the U.S., up 20.3% from a year ago and the highest dollar amount ever, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The report is based on an analysis of listings on Redfin.com going back through 2012. For the total dollar value of all inventory on the market, Redfin summed up the list price of all active U.S. listings as of the last day of each month; April 2025 is the most recent month for which data is available. For the purposes of the report, the term "value" is

New apartments are being completed at near-record levels, with the increase in supply keeping rents down and providing renters with more opportunities to negotiate concessions (NASDAQ:RDFN) — Less than half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was the fifth consecutive quarter that the rental absorption rate was below 50%, a speed that continues to lag behind pre-pandemic norms. The rental vacancy rate for buildings with five or more units was 8.2% in the first quarter

Redfin economists expect home prices to decline by the end of the year, and a surplus of listings is motivating sellers to negotiate (NASDAQ:RDFN) — The median monthly mortgage payment nationwide was $2,860 during the four weeks ending May 25, up 3.6% year over year and just $25 shy of the all-time high. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are high for two reasons: The weekly average mortgage rate is 6.86%, the highest level in three months, and the median U.S. home-sale price is up 1.9% year over year. High costs, along with widespread economic uncertainty, are keeping would-be homebuyers at bay. Pe

Redfin reports there are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered buyers this much. (NASDAQ:RDFN) — There are an estimated 1.9 million home sellers in the U.S. housing market and an estimated 1.5 million homebuyers, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In other words, there are 33.7% more sellers than buyers (or 490,041 more, to be exact). At no other point in records dating back to 2013 have sellers outnumbered buyers by this large of a number or percentage. A year ago, sellers outnumbered buyers by just 6.5%, and two years ago, buyers outnumbered sell

Overall investor purchases are increasing slightly, but investors are backing away from condos as it becomes harder to make money by renting them out—especially in Florida (NASDAQ:RDFN) —U.S. real estate investors purchased 46,726 homes in the first quarter, up 2% year over year. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Investor purchases have been relatively stable for the last year, increasing or decreasing by 4% or less each quarter. This puts an end to the wild pandemic-era swings in investor purchases, with purchases increasing by up to 145% year over year in the middle of 2021 and falling by as much as 47% at the star

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 of 2% compared to the first quarter of 2024. Gross profit was $70.6 million, flat year-over-year. Real estate services gross profit was $19.9 million, a decrease of 2% year-over-year, and real estate services gross margin was 16%, compared to 15% in the first quarter of 2024. Net loss was $92.5 million, compared to a net loss of $66.8 million in the first quarter of 2024. Net loss per share attributable to common stock, diluted, was $0.73, compared to net loss per share, diluted, of $0.57 in the first quarter of 2024.

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 Rocket Companies (NYSE:RKT) that was announced on March 10, 2025, Redfin will not be holding a conference call or live webcast to discuss Redfin's quarterly financial results. The financial results press release will be accessible on Redfin's Investor Relations website at http://investors.redfin.com. Forward-Looking Information This communication contains statements herein regarding the proposed transaction between Rocket Companies, Inc. ("Rocket") and Redfin Corporation ("Redfin"); future financial and operating results

Most-visited real estate brokerage website joins with largest mortgage lenderConnects Redfin's nearly 50 million monthly visitors to Rocket's mortgage productsRocket Companies to collapse "Up-C" structure and declares a special cash dividend of $0.80 per share of Class A common stock to be paid on April 3Rocket to host conference call and webcast today at 8:00 a.m. ETDETROIT and SEATTLE, March 10, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform consisting of mortgage, real estate and personal finance businesses, today announced it has entered into an agreement to purchase Redfin (NASDAQ:RDFN), a leading digital real estate brokerage, in an all-stock tran

Redfin Corporation (NASDAQ:RDFN) today announced results for its fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Fourth quarter revenue was $244.3 million, an increase of 12% compared to the fourth quarter of 2023. Gross profit was $81.9 million, an increase of 12% year-over-year. Real estate services gross profit was $32.7 million, an increase of 9% year-over-year, and real estate services gross margin was 21.9%, compared to 22.5% in the fourth quarter of 2023. Net loss was $36.4 million, compared to a net loss of $22.9 million in the fourth quarter of 2023. Net loss attributable to common stock was $36.7 million. Net loss per share attributable to common st

Redfin Corporation (NASDAQ:RDFN) will release fourth-quarter 2024 results after the stock market closes on Thursday, February 27, 2025. 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, 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 h

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

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

Former Bright Horizons CEO Brings Decades of Experience in Early Education and Care Sectors HopSkipDrive, a technology company solving complex transportation challenges where there is a heightened need for safety, access, and care, today announced the appointment of Dave Lissy to its Board of Directors. Lissy has an exceptional track record in the education and care sector, having served as CEO of Bright Horizons Family Solutions (NYSE:BFAM) from 2002 to 2018. During his leadership, the company established itself as the leader in early education services and employer-sponsored childcare. He first joined Bright Horizons in 1997 as Chief Development Officer and now serves as Chairman of the

A Redfin-commissioned survey of agents across the industry reveals key insights about the challenges and opportunities facing today's real estate professionals (NASDAQ:RDFN) — Redfin, the technology-powered real estate brokerage, today released the results of its 2025 Industry Survey, offering key insights into how real estate agents view their careers, the housing market, and hot-button industry issues. The report highlights the opportunities and challenges agents see in this evolving market and the increasing pressures brought on by economic uncertainty and industry reforms. The report is based on a Redfin-commissioned Ipsos survey of 500 agents from various brokerages, conducted betwee

Redfin reports two upstate New York metros—Albany and Rochester—had the fastest growth in aggregate home value, while Florida metros grew more slowly (NASDAQ:RDFN) — The combined value of U.S. homes gained $2.5 trillion in 2024 to reach $49.7 trillion, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In percentage terms, the total value of the U.S. housing market grew 5.2% year over year. That was the slowest growth in a calendar year since 2019 and the second-slowest since 2011. "There are more homes for sale right now than in recent years and that has led to buyer's markets in many areas of the country. That's good news, but it doesn't me

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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