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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 Report: Homes Cost 38% More in Neighborhoods That Offer the Best Shot at Upward Mobility
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports that the typical home in high-opportunity U.S. neighborhoods went for $470,000 in 2022, 38.2% more than low-opportunity areas. Redfin's analysis reveals the challenges of accessing these neighborhoods due to affordability and segregation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
none
-
News
Redfin Reports Nearly 1 in 10 U.S. Homes Are Worth at Least $1 Million, Close to All-Time High
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports that the share of million-dollar homes in the US is on the rise, reaching 8% and nearing the all-time high of 8.6%. The median US home-sale price rose 3% in July, with luxury homes up 4.6% year over year. Elevated mortgage rates are discouraging potential home sellers, driving prices up. East Coast metros are gaining million-dollar homes fastest while expensive coastal metros are losing them. California has the highest share of million-dollar-plus homes in the country.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
Tags
none
-
News
U.S. Housing Market Recovers the Nearly $3 Trillion It Lost, Hitting Record $47 Trillion in Total Value
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports record high U.S. home value of $46.8 trillion in June, rising 0.4% ($166.2 billion) from a year earlier. West Coast and pandemic boomtowns saw declines, while affordable markets like Little Rock and Milwaukee surged. Millennials now hold more home value than the Silent Generation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
Tags
none
News
Redfin Reports Asking Rents Are Inching Closer to Their Record High
Rhea-AI Summary
RDFN: Redfin Rental Report Shows Record High Asking Rents in US, with Sluggish Growth and Regional Variations
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
none
-
News
Redfin Report: Low Demand + Lower Supply = High Prices
Rhea-AI Summary
U.S. home prices rise 3% YoY due to shortage of homes for sale. Redfin reports double-digit increases in Miami and Milwaukee. Tepid homebuying demand due to high mortgage rates. Limited inventory pushes prices up. Mortgage-purchase applications down 27% YoY. Total number of homes for sale down 18% YoY. New listings down 16% YoY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
none
-
News
Redfin Reports The Typical U.S. Homebuyer’s Monthly Payment Is Up Nearly 20% From a Year Ago As Prices Rise
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports the median U.S. home-sale price is up 3.2% year over year, with mortgage rates remaining elevated. The typical U.S. homebuyer’s monthly mortgage payment was $2,605, up 19% from a year earlier. Home prices are increasing due to the mismatch between supply and demand, with high mortgage rates deterring sellers. The total number of homes for sale is down 19%, and new listings are down 21%. Redfin’s Homebuyer Demand Index is down just 4% from a year ago.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.39%
Tags
none
News
Redfin Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.39%
Tags
earnings
-
News
Redfin Publishes Wind Factor Data From First Street Foundation to Show Damage Potential for Homes
Rhea-AI Summary
Redfin (RDFN) Publishes Wind Risk Data for Nearly Every Property Listed on Redfin.com, Partnering with First Street Foundation to Educate Homebuyers on Climate Risks
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.72%
Tags
none
-
News
First-Time Buyers Need to Earn 13% More Than a Year Ago to Afford the Typical U.S. Starter Home
Rhea-AI Summary
Redfin (NASDAQ: RDFN) reports that the income needed to afford a starter home has risen over 20% in Fort Lauderdale, FL, and Miami, more than anywhere else in the country. The typical starter home sold for a record $243,000 in June, up 2.1% from a year earlier and up more than 45% from before the pandemic. Average mortgage rates hit 6.7% in June, up from 5.5% the year before and just under 4% before the pandemic. New listings of starter homes for sale dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic. Sales of starter homes dropped 17% year over year in June.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
Tags
none
News
Las Vegas Tops List of Popular Homebuyer Destinations For First Time, With West Coast Migrants Drawn to Cheaper Homes
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.31%
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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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.