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Redfin aims to be profitable next year. Is that still on track?

Why Redfin Stock Was Gaining Today

02:37pm, Tuesday, 24'th Oct 2023
Redfin is getting a $250 million infusion from Apollo Capital Management. The company plans to use the cash to pay down its convertible debt.
Shares in Logitech International LOGI, -1.19% surged 11% after the keyboard and computer mouse seller lifted its full-year guidance on publication of its second-quarter results.
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Shares of Redfin Corp. jumped more than 12% in the extended session Monday after news that Apollo Global Management has agreed to commit up to $250 million in financing for the real-estate brokerage.

Why Redfin Stock Fell 14% This Week

08:13pm, Thursday, 19'th Oct 2023
Redfin announced multiple concerning real estate headlines this week, highlighting a 15-year low for home sales with mortgage rates hitting 8%. The online real estate platform also published research
Shares of homebuilders took a broad beating Thursday, as mortgage rates kept rising to a 23-year high, and prompting more home buyers to back off. The iShares Home Construction ETF ITB, -4.82% dropped

1 Stumbling Stock Down 93% Is a Buy on the Dip

08:21am, Wednesday, 11'th Oct 2023
The real estate market is suffering a slowdown on the back of rising mortgage rates. Real estate technology company Redfin has been forced to pivot its business in a big way as a result.
Redfin CEO Glenn Kelman discusses American real estate as homebuyers attempt to 'catch a break' from the 'rock bottom' market.

Why Redfin Stock Tumbled 26% Last Month

10:06am, Thursday, 05'th Oct 2023
Mortgage rates continued to move higher as the Federal Reserve said it expected rates to remain elevated. Existing home sales in August continued to decline.
With the Oct. 1 deadline for an approved federal budget looming, a government shutdown seems increasingly likely. How would a shutdown impact U.S. home mortgage interest rates, though?
Shares of Redfin Corp. rose Thursday, after the analyst who called the top two months ago said it was time to stop selling.
The housing market can't get much worse from here, according to Redfin CEO Glenn Kelman. High mortgage rates and high prices have crushed affordability for buyers.
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
Glenn Kelman, Redfin CEO, joins 'Squawk on the Street' to discuss how big of an impact the higher mortgage rates are having on the housing industry, whether the Federal Reserve's rate hike path is hav
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