Redfin Corp is a technology-driven real estate brokerage that aims to revolutionize the way people buy and sell homes
By leveraging sophisticated online tools and a user-friendly platform, Redfin provides comprehensive real estate services that include property listings, home searches, and market insights. The company employs a team of real estate agents who utilize data analytics to streamline the home buying and selling process, helping clients to make informed decisions. Additionally, Redfin offers unique features such as virtual tours and innovative pricing strategies to enhance the customer experience in an increasingly digital market.
Rocket Companies said it will benefit from Redfin's nearly 50 million monthly visitors, one million active purchase and rental listings, and staff of over 2,200 real estate agents across 42 states.
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Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Redfin Corporation (NASDAQRDFN) to Rocket Companies for 0.7926 shares of Rocket Companies Class A common stock for each share of Redfin common stock is fair to Redfin shareholders.
(NASDAQRDFN) — Less than half (47%) of newly built apartments completed in the third quarter of 2024 were rented within three months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s tied with the fourth quarter of 2023 for the lowest share on record aside from the start of the pandemic.
(NASDAQRDFN) — The median U.S. asking rent rose 0.4% year over year to $1,607 in February—the first increase in six months and the biggest in nine months. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a month-over-month basis, asking rents climbed 0.6%.
(NASDAQRDFN) — Pending U.S. home sales fell 6.4% from a year earlier during the four weeks ending March 2, the second-biggest decline since November 2023. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — U.S. real estate investors purchased 47,004 homes in the fourth quarter—the lowest level for that time of year since 2016—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down 3.9% from a year earlier, the biggest decline in a year.
(NASDAQRDFN) — The median rent in the District of Columbia rose 2.7% year over year to $2,325 in February, following three months of declines. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Shares of real estate technology company Redfin (NASDAQRDFN)
fell 16% in the afternoon session after the company reported weak fourth quarter results as its EPS and EBITDA missed. Its revenue and EBITDA guidance for next quarter also fell short of Wall Street's estimates. Overall, this was a weaker quarter.
For the first quarter, the company projected revenue between $214 million and $225 million, while analysts, on average, expect it to post $243.7 million in revenue.
Real estate technology company Redfin (NASDAQRDFN) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 12% year on year to $244.3 million. On the other hand, next quarter’s revenue guidance of $219.5 million was less impressive, coming in 10.4% below analysts’ estimates. Its GAAP loss of $0.29 per share was 21% below analysts’ consensus estimates.
(NASDAQRDFN) — Just over 41,000 U.S. home-purchase agreements fell through in January, equal to 14.3% of homes that went under contract that month, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up from 13.4% a year earlier and is the highest cancellation rate for this time of year since at least 2017.
(NASDAQRDFN) — The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23, the smallest increase since September. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Mortgage rates have declined to their lowest level in more than two months, dipping from 7.13% to 6.78% in the last two weeks alone and upping buyers’ purchasing power by thousands of dollars. Mortgage rates are coming down due to signals that the U.S. economy is slowing, and heightened recession fears.
(NASDAQRDFN) — Florida ended January with 172,209 homes for sale—the highest inventory of any month on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up 22.7% from a year earlier.
(NASDAQRDFN) — The typical U.S. homebuyer’s down payment was equal to 16.3% of the purchase price in December, up from 15% a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In dollar terms, the typical homebuyer’s down payment was $63,188. That’s up 7.5% from a year earlier, the biggest increase in five months.
