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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
Introducing Ask Redfin, an AI-Powered Tool to Quickly Answer Questions About For-Sale Homes
Rhea-AI Summary
Redfin introduces Ask Redfin, a conversational interface to provide homebuyers with personalized information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
AI
-
News
Redfin Reports Supply Ticked Up in February for First Time in 8 Months
Rhea-AI Summary
Redfin's latest report reveals a surge in new home listings, with a 13% increase nationwide, boosting total homes for sale by 1.7%. Despite high mortgage rates, sale prices rose 5.3% year over year, but are expected to decline soon. Home touring activity is up 23% from the start of the year, with a significant 11% increase in mortgage-purchase applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
none
-
News
Redfin Analysis: Black Millennials Are Half As Likely to Own a Home As White Millennials
Rhea-AI Summary
A new analysis by Redfin reveals the significant racial homeownership gap in the US, with Black millennials owning homes at a much lower rate compared to white millennials. This gap extends across all generations, highlighting systemic issues like discriminatory housing policies and economic disparities. Despite some improvements, challenges persist for Black homebuyers due to discrimination in mortgage applications, lower wages, and wealth gaps. Redfin's Chief Economist predicts a potential narrowing of the racial homeownership gap for millennials and Gen Zers in the near future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.69%
Tags
none
News
Redfin Report: New Listings Post Biggest Uptick In Nearly 3 Years, But Buyers Show Restraint as Rates Rise
Rhea-AI Summary
Redfin reports a 13% increase in new listings of U.S. homes for sale, with total inventory remaining flat. Despite more homes on the market, high mortgage rates and housing costs are impacting sales. Pending sales have decreased by 8% due to high costs, but buyer demand is up, indicating a potential improvement in sales if rates stabilize.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.5%
Tags
none
-
News
Redfin Reports the U.S. Housing Market Gained $2 Trillion in Value Over the Last Year
Rhea-AI Summary
Redfin (RDFN) reports a 5.3% increase in the total value of U.S. homes to $47.5 trillion, the largest gain in nearly a year. Despite sluggish housing demand, the shortage of homes for sale continues to drive up home values.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
none
-
News
Redfin Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Redfin Corporation (NASDAQ: RDFN) reported mixed financial results for the fourth quarter and full year of 2023. While revenue saw a decrease, gross profit and operating margins improved. The company's CEO, Glenn Kelman, highlighted efficiency gains and growth initiatives for the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
earnings
News
Redfin Reports Florida’s Condo Prices Are Falling As Cost of Insurance and HOA Fees Skyrocket
Rhea-AI Summary
Florida's condo market is facing challenges with dropping prices and declining sales as home insurance costs rise and HOA fees soar following the 2021 Surfside condo collapse. Redfin's report highlights the contrast between Florida's condo market and the rest of the U.S., where prices are rising, sales are steady, and new listings are growing at a slower pace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
Tags
none
-
News
Redfin Report: More Homes Hit the Market as Spring Approaches, But 7% Mortgage Rates Keep Buyers on the Sidelines
Rhea-AI Summary
Redfin reports a significant 10% increase in new listings year over year, with sale prices up by 6% since October 2022. Mortgage applications dropped by 10% as daily average rates surpassed 7%, impacting pending home sales which are down by 7% year over year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
none
-
News
Redfin Home Price Index: Price Growth Holds Steady at Start of the Year
Rhea-AI Summary
Redfin (RDFN) reports a 0.5% month-over-month increase in U.S. home prices in January, matching December and November gains. Year-over-year prices rose by 6.7%, the largest increase in a year. The rise is attributed to a drop in mortgage rates at the end of the previous year, giving buyers more purchasing power. New listings fell by 1.2% month over month, contributing to the price increase due to a shortage of homes for sale.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.2%
Tags
none
News
Housing Market Activity Lost Steam in January as Mortgage Rates Stopped Falling and Prices Kept Rising
Rhea-AI Summary
Redfin reports a drop in new listings for the first time since June, with pending sales growth slowing due to stagnant mortgage rates and a significant home-price increase. The housing market lost momentum as active listings and pending sales declined, impacting market activity. Home prices surged by 5.2% year over year, driven by a shortage of homes for sale.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.76%
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
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.