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. Read More
(NASDAQ: RDFN) —A trio of neighboring properties in Naples, FL, made up three of April’s most expensive home sales, including the most expensive: a beachfront estate that went for $133 million. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQ: RDFN) — The average buyer’s agent commission was 2.40% for homes sold in the first quarter, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s up slightly from 2.37% in the fourth quarter of 2024 and 2.36% in the third quarter of 2024—when the new National Association of Realtors (NAR) commissions rules went into effect—but down slightly from 2.43% in the first quarter of 2024, when the new rules were announced.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how real estate services stocks fared in Q1, starting with Redfin (NASDAQ:RDFN).
(NASDAQ: RDFN) — Pending U.S. home sales fell 3.4% year over year during the four weeks ending May 11 to their lowest level on record for this time of year aside from 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- Redfin (NASDAQ: RDFN), the technology-powered real estate brokerage, has selected Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, as its preferred SSP to power data-driven deals. Leveraging Magnite’s programmatic technology, Redfin can connect advertisers with exclusive real estate audiences at key moments in their home-buying journey.
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets.
(NASDAQ: RDFN) — Detroit, Cleveland, and Dayton, OH—all places where the median home-sale price is under $230,000—are the least expensive metro areas in the U.S. to buy a home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQ: RDFN) — The median U.S. asking rent fell 1% year over year to $1,625 in April, marking the biggest decline since February 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s $80 below the August 2022 record high of $1,705.
(NASDAQ: RDFN) — The typical home bought in the U.S. hit a record age of 36 years in 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s nine years older than the median age of homes purchased in 2012, highlighting how a lack of new construction over the past 15 years has fast-tracked the aging of America’s housing stock.
(NASDAQ: RDFN) — U.S. homebuyers took out 86,604 mortgages for second homes in 2024, the lowest level in records dating back to 2018 and down 5% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQ: RDFN) — The median U.S. monthly housing payment hit an all-time high of $2,868 during the four weeks ending May 4, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s due to two key factors: Home-sale prices are up 1.8% year over year, and the weekly average mortgage rate is 6.76%, down slightly from mid-April but elevated well above pandemic-era lows.
(NASDAQ: RDFN) — Active listings of homes for sale in Washington, D.C. jumped 25.1% year over year to the highest level since 2022 during the four weeks ending April 27—the largest gain on record. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, active listings nationwide rose 14.2%—the smallest increase since March 2024.
(NASDAQ: RDFN) —In Denver and Seattle, families with one child pay nearly as much for daycare as they do for rent—while families with two or more children often spend significantly more on daycare than rent. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Real estate technology company Redfin (NASDAQ:RDFN) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 2% year on year to $221 million. Its GAAP loss of $0.73 per share was 4.7% below analysts’ consensus estimates.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Redfin Corporation (NASDAQ: RDFN) 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.
NEW YORK, May 03, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
(NASDAQ: RDFN) — Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in the U.S. over the past year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down 27.1% from 17 units per 10,000 people during the pandemic building boom, and down 5.5% from 13.1 units in the years leading up to the pandemic.
(NASDAQ: RDFN) — The 2025 spring homebuying season is lackluster, with record-high housing costs and widespread economic instability keeping would-be homebuyers at bay, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQ: RDFN) — Monthly mortgage payments are declining in 12 of the 50 most populous U.S. metro areas, half of them in Florida or Texas. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQ: RDFN) — The prices home sellers are asking for and the prices homebuyers are paying haven’t been this out of whack since the start of the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The typical home for sale is listed for 9% more (or $38,672) than the typical home is selling for—the biggest gap since May 2020.
Home sales fell sharply in March and weekly mortgage applications plunged as high interest rates and economic uncertainty stifled demand as the spring home-buying season got underway.
