MARKET COMPOSITE
RDFN - Redfin Corp8:00:00 PM 9/29/2023
Price
$7.04
+ 0.04 (0.57%)
Redfin is a real estate brokerage. The Seattle-based company was founded in 2004, and went public in Aug. 2017. Glenn Kelman is the CEO. Redfin's business model is based on sellers paying Redfin a small fee, either 1 or 1.5% to list the seller's home. This does not include an additional fee charged to the seller to compensate the brokerage representing the buyer. This latter fee usually is in the 2.5-3.0% range. Customers who buy with Redfin are only charged 1% to list their home . Buyers who buy with Redfin also get a portion of the brokerages commission back that can be applied to their closing costs or in the form of a check after they close on their home. Redfin was founded in 2004 by David Eraker, Michael Dougherty, and David Selinger. David Eraker, who had dropped out of the University of Washington's medical school for a career in software design, was inspired by his own real estate misadventures and founded Redfin with hopes of upending the traditional brokerage model. Unlike the other major real estate web portals , which get the majority of their earnings from advertising and lead generation, Redfin operates as a brokerage and makes money when users buy or sell homes with its real estate agents.
Financials
Quarterly financials
(USD)Mar 2023Q/Q
Revenue325.7MM-32%
Gross Profit56.2MM+50%
Cost Of Revenue269.5MM-39%
Operating Income-103.9MM-12%
Operating Expenses160.1MM+3%
Net Income-60.8MM-2%
R&D48.2MM+2%
G&A70MM+11%
Marketing40.9MM+69%
Amortization9.7MM-
Interest Expense1.9MM-61%
Stock Chart

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Stock news

    SEATTLE, September 28, 2023--(NASDAQ: RDFN) — Nearly one-third (32%) of Black Americans who recently moved believe they were discriminated against based on their ethnicity or race during their home search, and an additional 22% believe they may have been discriminated against. That’s according to a survey from Redfin (redfin.com), the technology-powered real estate brokerage. The share is even higher for Hispanic Americans: 36% experienced discrimination, and an additional 22% believe they may h

    SEATTLE, September 28, 2023--(NASDAQ: RDFN) — Roughly one in 15 (6.5%) U.S. homes for sale had a price drop during the four weeks ending September 24, on average, up from 5.8% a month earlier–a sharp monthly increase compared to the same period in years past. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. At the same time, the median home-sale price is up 3% year over year and the typical homebuyer’s monthly payment is at a record high as

    Monthly housing payments hit an all-time high in September, a report from Redfin shows, reflecting the multi-decade high for mortgage rates and continued rise in home prices. Monthly housing payments in September hit an all-time high, Redfin reported, reflecting the spike in mortgage rates to a more than two-decade high and continued upward push in housing prices.Higher prices have correlated to lower sales, with pending home sales dropping 13% in the four weeks ending Sept. 17, Redfin reported.

    A record 26% of homebuyers are looking to move to a different part of the country, up from 24% a year ago and 19% before the pandemic began, a Redfin report found.

    Today's top research calls for upgrade, downgrade and initiate on stocks, as compiled by The Fly.

    SEATTLE, September 26, 2023--(NASDAQ: RDFN) — A record 26% of homebuyers are looking to move to a different part of the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up from 24% a year ago and roughly 19% before the pandemic began.

    Fool.com contributor Parkev Tatevosian compares Upstart (NASDAQ: UPST) and Redfin (NASDAQ: RDFN) to answer which one he thinks is the better growth stock to buy today. *Stock prices used were the afternoon prices of Sept.

    SEATTLE, September 22, 2023--(NASDAQ: RDFN) —Mortgage rates are sitting near a two-decade high and U.S. home prices rose 3% year over year during the four weeks ending September 17, pushing monthly housing payments to an all-time high. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

    Why Redfin Stock Dropped Today09-21-2023 20:28:44 PM

    Redfin fell on Thursday following a disappointing update on U.S. existing home sales. Here's what investors need to know.

    SEATTLE, September 20, 2023--(NASDAQ: RDFN) — Nearly four of every five (78%) respondents to a recent housing survey support policies that promote building more housing, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But just one-third (32%) of the respondents who are pro-building would feel positive about an apartment complex built in their neighborhood, and 20% of them would feel negative about it. Nearly half (48%) would feel neutral.