STOCK TITAN
  1. Home
  2. News
  3. RDFN

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 Report: Prices Go Up While Demand Goes Down
Rhea-AI Summary
Mortgage-purchase applications at 28-year low, but home prices up 4.5% annually due to supply shortage. Median monthly mortgage payment just $18 shy of all-time high. High housing costs dampening demand. Mortgage rates inching down. Total number of homes on the market down 18% YoY. Buyers outnumber sellers in many areas. Some buyers cutting back on expenses to increase housing budgets. Homebuying demand and activity down. Median sale price up 4.5% YoY. Pending sales down 13.3% YoY. New listings down 9.3% YoY. Active listings down 18% YoY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
none
-
News
Redfin Reports 1 in 8 San Francisco Home Sellers Is Losing Money—the Highest Share in the Nation
Rhea-AI Summary
San Francisco home sellers are facing losses as home prices drop, with 12.3% of homes sold at a loss compared to 5% last year. The typical homeowner who sold at a loss in San Francisco sold their home for $100,000 less than they bought it for. Nationwide, the typical homeowner who sold at a loss lost $35,538. The total value of homes in San Francisco has fallen by roughly $60 billion since last summer. On the positive side, the vast majority of U.S. home sellers are still making significant financial gains, with 97% selling for a profit. In San Francisco, the typical home that sold went for 70.5% ($625,500) more than the seller bought it for.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.53%
Tags
none
-
News
Redfin to Present at Goldman Sachs Communacopia + Technology Conference
Rhea-AI Summary
Redfin CFO to present at Goldman Sachs Communacopia + Technology Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
conferences
News
Redfin Reports Miami Home Prices Are Up 17% From a Year Ago
Rhea-AI Summary
Home prices in Miami rise 17% YoY, biggest increase since October 2022; Nationwide, home prices up 5% YoY to $380,000, biggest increase in 10 months; Total number of US homes for sale down 19%, new listings down 10%; Pending sales decline 14% YoY; Mortgage-purchase applications decline 27% YoY; Median asking price of newly listed homes up 3.7% YoY to $383,706; Active listings drop 18.7% YoY; Months of supply at 2.9 months, highest level since April; 40.8% of homes under contract have accepted offer within first two weeks; 34.1% of homes sold above final list price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
none
-
News
Redfin to Present at Citi's 2023 Global Technology Conference
Rhea-AI Summary
Redfin CFO to present at Citi's Global Technology Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
conferences
-
News
Real Estate Investors Pull Back, Buying 45% Fewer Homes Than A Year Ago
Rhea-AI Summary
Investor market share drops to 16% from all-time high of 20% in Q1 2022. Investor home purchases fell 45% YoY in Q2, biggest decline since 2008. Limited inventory and cooling housing market deter investors. Investors bought $36.4 billion worth of homes in Q2, down 42% YoY. Investors bought 15.6% of homes sold in Q2, down from 19.7% YoY. Investors' share of new listings is falling. Investors purchased 31% of multi-family properties in Q2. Small and low-priced homes attract investors. Single-family homes represent 68% of investor purchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.19%
Tags
none
News
Redfin Reports Pending Home Sales Ticked Up in July But Still Hovered Near Recent Low
Rhea-AI Summary
Pending sales stabilize, but homebuyer demand remains low. Pending sales rose 0.7% in July, still 5.4% above the low point in March. Year over year, pending sales fell 15.7%, the smallest decline since last summer. The average 30-year-fixed mortgage rate was 6.84% in July, up from 5.41% a year earlier. Median home sale price rose 1.7% to $421,872 in July. Total number of homes for sale fell 3.9% from the previous month and dropped 19.5% from a year earlier. New listings were little changed from the previous month, but down 22.2% from a year earlier. Metro-level highlights show significant declines in pending sales, closed sales, and median sale prices in several metros.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
Tags
none
-
News
Redfin Report: A Homebuyer on a $3,000 Budget Has Lost $71,000 in Purchasing Power Since Last Year
Rhea-AI Summary
High mortgage rates are cutting into buyers' budgets, reducing purchasing power. Home-purchase applications dropped to their lowest level in nearly 30 years. The combination of high mortgage payments and low housing inventory is pushing buyers out of the market. However, some areas like Nashville, TN, have more demand than supply, leading to competitive pricing. Mortgage rates are close to their highest level in more than two decades.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.77%
Tags
none
-
News
Redfin Reports Myrtle Beach, SC Becomes Popular Homebuyer Migration Destination for First Time
Rhea-AI Summary
Record-high share of homebuyers looking to relocate; 25.8% compared to 23.7% a year ago.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.56%
Tags
none
News
New Builds Make Up One-Third of Houses on the Market, With High Rates Locking Up Existing Inventory
Rhea-AI Summary
Redfin reports that newly built single-family homes accounted for 31.4% of the market in the second quarter, the highest share ever recorded. This increase in new construction is helping to offset the shortage of existing homes for sale.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.68%
Tags
none
Stock RDFN logo
Redfin Corp

Nasdaq:RDFN

RDFN Rankings

#2723 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
Link
US
Seattle

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.