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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 Needham 3rd Annual Consumer Tech / E-Commerce Virtual Conference
Rhea-AI Summary
Redfin Corporation (NASDAQ: RDFN) to Present at Needham 3rd Annual Consumer Tech / E-Commerce Virtual Conference on November 20 at 1:30 p.m. ET. CFO Chris Nielsen will discuss the company's participation in the event, which will be available for live webcast and replay on http://investors.redfin.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.1%
Tags
conferences
-
News
Redfin Report: It’s the Best Time to Buy Since Mid-September, As Mortgage Rates Fall and Sellers Drop Prices
Rhea-AI Summary
NASDAQ: RDFN - Redfin reports 3% increase in mortgage-purchase applications as mortgage rates drop to 7.4%, new listings rise, and price drops hit record high.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.37%
Tags
none
-
News
Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic Boomtowns
Rhea-AI Summary
NASDAQ: RDFN - Investor purchases of U.S. homes dropped 29.7% year over year in the third quarter, reaching the lowest level since 2016. Redfin's report reveals that investors bought 48,667 homes worth $36 billion, down 20% from the previous year. The drop is attributed to rising mortgage rates, high home prices, and a cooling rental market, particularly in the Sun Belt metros. Home purchases by both investors and individual buyers have plummeted due to elevated mortgage rates and limited housing inventory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.37%
Tags
none
News
Redfin to Present at D.A. Davidson 2023 Tech Summit
Rhea-AI Summary
Redfin Corporation (NASDAQ: RDFN) CFO to Present at D.A. Davidson 2023 Tech Summit on November 16 at 9:30 a.m. ET. Webcast link available at http://investors.redfin.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.37%
Tags
conferences
-
News
Redfin Reports U.S. Asking Rents Remained Sluggish in October Amid Rising Vacancy Rate
Rhea-AI Summary
NASDAQ: RDFN - Redfin Report Shows Little Change in U.S. Asking Rents, Vacancies Rise - October 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
none
-
News
1 in 3 U.S. Homebuyers Are Paying All Cash, the Highest Share in Nearly a Decade
Rhea-AI Summary
RDFN: Redfin Reports Highest Level of All-Cash Home Purchases Since 2014, New Report Reveals
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
none
News
Redfin to Present at RBC Capital Markets Technology, Internet, Media and Telecommunications Conference
Rhea-AI Summary
Redfin Corporation (NASDAQ: RDFN) CFO to Present at RBC Capital Markets Conference on November 15
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
conferences
-
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
-
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
Stock RDFN logo
Redfin Corp

Nasdaq:RDFN

RDFN Rankings

#2766 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.