Redfin Stock News

A record 6 million, or 8.2%, of U.S. homes were valued at $1 million or more in February, according to a report from real estate brokerage Redfin Corp. , a near doubling from the 3.5 million homes worth at least $1 million in pre-pandemic February 2019. The surge in values comes as the number of homes for sale during the four weeks ended Feb. 27 tumbled 50% from two years ago to a record low of 456,000, which helped lift the median U.S. home-sale price 33% to a record $363,975. The San Francisco Bay Area led with the highest percentage of million-dollar homes, as nearly 90% of properties in both San Francisco and San Jose reached that threshold. The biggest increase in the number of million-dollar homes was in Anaheim, Calif., as the percentage of homes that reached that threshold nearly doubled in two years to 55.3% from 27.2%. "The surge in housing values has turned many homeowners into millionaires, but has pushed homeownership out of reach for a lot of other Americans," said Redfin Deputy Chief Economist Taylor Marr. "Incomes have increased, but not as fast as home prices, which means many people are stuck renting or have to move somewhere more affordable if they want to buy a home." Meanwhile, Redfin shares have plunged 52.7% over the past three months, while the S&P 500 has declined 10.6%.

A record 6 million, or 8.2%, of U.S. homes were valued at $1 million or more in February, according to a report from real estate brokerage Redfin Corp. RDFN, +4.65% , a near doubling from the 3.5 mill

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SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: 2022 Wedbush Real Estate Technology Conference Wednesday, March 2, 2022 at 3:05 p.m. ET A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with br

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Redfin (RDFN) stock is slipping on Friday following the release of the real estate company''s earnings report for the fourth quarter of 2021.

After Redfin''s <> disappointing Q1 guidance issued after Thursday''s close, other real estate brokerage stocks, especially those that tout their use of technology, are falling in…

Redfin Corp (NASDAQ: RDFN ) is trading lower Friday morning after the company reported fourth-quarter financial results and issued guidance for expanding losses. Redfin reported quarterly revenue of $643.1 million, which beat the $598.76 million estimate. The company reported an earnings loss of 27 cents per share, which beat the estimate for a loss of 31 cents per share. "Fourth-quarter revenues and net income exceeded our expectations," said Redfin CEO Glenn Kelman . "Entering an uncertain market, Redfin’s pricing power and on-demand service will let us take share and improve operating margins." Redfin expects first-quarter … Full story available on Benzinga.com

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