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Redfin Corp - RDFN STOCK NEWS

Welcome to our dedicated news page for Redfin (Ticker: RDFN), a resource for investors and traders seeking the latest updates and insights on Redfin.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Redfin's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Redfin's position in the market.

News
Redfin to Present at Stephens Annual Investment Conference
Rhea-AI Summary
Redfin Corporation's Chief Financial Officer, Chris Nielsen, will be presenting at the Stephens Annual Investment Conference on November 14th at 12:00 p.m. CT. The live webcast and replay of the presentation will be available on the company's investor website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
Tags
conferences
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News
Redfin Reports Luxury Home Prices Are Outperforming as Affluent Buyers Dodge High Mortgage Rates
Rhea-AI Summary
Luxury home prices rose 9% to the highest third-quarter level on record, growing nearly three times faster than non luxury prices. 43% of luxury home purchases were paid for in cash. The supply of luxury homes for sale grew 2.9%, while non luxury homes declined by 20.8%. Luxury home sales declined by 10.6% compared to a 17% drop in non luxury sales. Tampa saw a 35.8% increase in luxury home sales.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.89%
Tags
none
-
News
Redfin Reports a Record Share of Home Sellers Drop Prices as High Rates Cut Into Buyers’ Budgets
Rhea-AI Summary
Redfin reports that nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, the highest portion on record. Mortgage rates have hit their highest level in 23 years, forcing some sellers to lower their asking price. Sale prices are still up 3% from a year ago, but growth may slow in the coming months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.89%
Tags
none
News
Redfin Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Redfin Corporation (NASDAQ: RDFN) reported its third-quarter results for 2023. The company's revenue for the quarter was $269.0 million, a decrease of 12% compared to the same period last year. Gross profit increased by 8% year-over-year to $98.3 million. Net loss for the quarter was $19.0 million, an improvement from a net loss of $90.2 million in the third quarter of 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.89%
Tags
earnings
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News
Almost a Third of Homes for Sale Are New Construction—the Highest Share of Any Third Quarter on Record
Rhea-AI Summary
In the third quarter, 30.6% of U.S. single-family homes for sale were new construction, the highest share on record. This is due to increased homebuilding and decreased number of existing homeowners selling. Builders are offering concessions like mortgage rate buydowns to attract buyers. Purchases of new single-family homes increased by 12.3% last month.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.67%
Tags
none
-
News
Homes in Upstate New York Sell in Roughly a Week While in Austin It Takes Nearly Two Months
Rhea-AI Summary
Albany, Rochester, and Buffalo are the fastest housing markets in the US, while Austin is one of the slowest, according to a report from Redfin. The fastest markets have affordable home prices, with Rochester being the 4th most affordable metro in the nation. In contrast, Austin's housing market has slowed down due to rising prices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
none
News
Redfin Reports Buyers Get Some Relief As New Listings Finally Increase, More Sellers Drop Prices
Rhea-AI Summary
New listings of homes for sale have increased for the first time since July 2022, rising 0.3% from a year earlier. Sellers are putting their homes on the market as mortgage rates remain high and some worry about declining prices. Buyers are welcoming the uptick in listings after a year and a half of declines. However, declining affordability and persistently high mortgage rates continue to impact buyers' budgets. Roughly 7% of U.S. homes for sale had a price drop, the highest share on record.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
none
-
News
Austin, Once a Migration Hotspot, Is Losing Homebuyers to Other Cities For First Time on Record
Rhea-AI Summary
Redfin reports homebuyers are looking to leave Austin as housing costs stay high and some recent transplants move back to their hometowns
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.2%
Tags
none
-
News
Redfin Announces Redfin Max, a Game-Changing Pay Plan for Agents
Rhea-AI Summary
Redfin announces Redfin Max, a new pay plan for agents in San Francisco and Los Angeles. Agents can earn competitive splits as high as 75%, have expenses covered, and receive support from Redfin.com. Redfin plans to expand the program over time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.2%
Tags
none
News
Redfin Reports New Listings and Pending Sales Ticked Up in September, But Deals Were Canceled at Highest Rate in Almost a Year
Rhea-AI Summary
New listings in the housing market increased by 1.4% in September, the largest increase since February 2022, providing some relief for homebuyers. However, new listings dropped 8.9% compared to last year due to high mortgage rates. The overall supply of homes for sale rose by 1.9% but remained near record lows. Pending home sales rose by 1.3% month over month, but closed sales fell to the lowest level since the pandemic began. Buyers are backing out of contracts due to rising mortgage rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
none
Stock RDFN logo
Redfin Corp

Nasdaq:RDFN

RDFN Rankings

#2757 Ranked by Market Cap
#1738 Ranked by Stock Gains
N/A Ranked by Dividends

RDFN Stock Data

714.26M
114.17M
4.18%
61.67%
17.21%
Other Activities Related to Real Estate
Real Estate and Rental and Leasing
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About RDFN

redfin got its start inventing map-based search. everyone told us the easy money was in running ads for traditional brokers, but we couldn’t stop thinking about how different real estate would be if it were designed from the ground up, using technology and totally different values, to put customers first. so we joined forces with agents who wanted to be customer advocates, not salesmen. since these were our own agents, we could survey each customer on our service and pay a bonus based on the review. we deepened our technology beyond the initial search to make the home tour, the listing debut, the escrow process, the whole process, faster, easier and worry-free. and we gave customers more value, not just by saving each thousands in fees, but by investing in every home we sell, by measuring our performance and improving constantly. this is how real estate would be if it were designed just for consumers, because, well, it was.