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Redfin Corporation

https://www.redfin.com

Industry

Real Estate - Services

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.

Open

9.25

Mkt cap

1.1B

Volume

4.4M

High

9.33

P/E Ratio

-7.10

52-wk high

15.29

Low

8.74

Div yield

N/A

52-wk low

5.10

Redfin has introduced an AI-powered home design tool called Redfin Redesign, which allows users to transform home images with holiday decor. This tool is aimed at both home buyers and homeowners, providing inspiration for adding seasonal decorations.

Portfolio Pulse from

December 05, 2024 | 3:00 pm

Redfin reports a 12.1% year-over-year increase in U.S. pending home sales for the four weeks ending November 24, marking the largest rise since May 2021. This surge is attributed to increased homebuying demand post-election.

Portfolio Pulse from

November 27, 2024 | 7:00 pm

Redfin reports a 2.3% decrease in investor home purchases in Q3 compared to last year, following significant fluctuations during the pandemic. This marks a stabilization after a period of extreme volatility in the housing market.

Portfolio Pulse from

November 22, 2024 | 1:15 pm

A Redfin survey reveals that 18% of home hunters are moving due to safety/crime concerns, while 14% cite climate risks. The survey, conducted by Ipsos, highlights the growing importance of these factors in real estate decisions.

Portfolio Pulse from

November 20, 2024 | 1:45 pm

Redfin, a real estate technology company, has not been performing well recently, raising concerns for investors.

Portfolio Pulse from

November 19, 2024 | 1:00 pm

Redfin Corporation's CFO, Chris Nielsen, will present at the 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference on November 25. The presentation will be available via live webcast and replay.

Portfolio Pulse from

November 18, 2024 | 9:15 pm

Redfin Corp's stock dropped 4.7% following a downgrade by Goldman Sachs from 'neutral' to 'sell'.

Portfolio Pulse from

November 18, 2024 | 4:00 pm

Redfin CEO Glenn Kelman discusses the surge in homebuying demand and comments on Federal Reserve Chairman Jerome Powell's rate cut strategies.

Portfolio Pulse from

November 17, 2024 | 11:15 pm

Existing home sales in the US increased by 1.6% month over month in October, marking the largest rise since January 2022, according to Redfin. This also represents a 1.7% year-over-year increase, the first since November 2021.

Portfolio Pulse from

November 15, 2024 | 1:15 pm

Redfin's stock fell after the company reported disappointing results, losing market share and missing estimates, leading to a lowered outlook.

Portfolio Pulse from

November 08, 2024 | 7:00 pm

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