Redfin Stock News

Here's an overview on what this new real estate business is.

Equities analysts forecast that Redfin Co. (NASDAQ:RDFN) will post earnings of ($0.30) per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Redfins earnings. The highest EPS estimate is ($0.13) and the lowest is ($0.33). Redfin reported earnings of $0.11 per share during the same quarter last year, []

Analysts expect Redfin Co. (NASDAQ:RDFN) to post ($0.30) earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have issued estimates for Redfins earnings. The lowest EPS estimate is ($0.33) and the highest is ($0.13). Redfin posted earnings per share of $0.11 during the same quarter last year, which suggests a negative year []

In Miami, West Palm Beach and Fort Lauderdale, rents jumped 36% in October from a year earlier, while the New York City metro area -- including Westchester County and parts of northern New Jersey -- posted a 31% gain, according to a report by Redfin Corp.

Redfin Co. (NASDAQ:RDFN) Director Robert J. Mylod, Jr. sold 2,750 shares of the stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $43.38, for a total value of $119,295.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through […]

SEATTLE , Nov. 24, 2021 /PRNewswire/ -- (NASDAQ: RDFN ) Home prices hit a new all-time high of $359,975 in the four-week period ending November 21 , according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This was up 14% year over year, the largest increase since early September. Prices have risen in the past month nearly four times faster than they did at the same time last year. The unseasonable surge in home prices appears to be drawing in more sellers, as the number of homes listed for sale was down less than 3% from 2020, and up 11% from 2019. "Rising rents and rising prices on everything from gas to groceries may be motivating more people to buy homes now," said Redfin Chief Economist Daryl Fairweather . "Buying a home is a type of hedge against inflation, especially with mortgage rates still near historic lows. If high inflation persists, a large home mortgage could seem a lot less expensive in just a few years." Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending November 21 .

SEATTLE , Nov. 23, 2021 /PRNewswire/ -- (NASDAQ: RDFN ) Average monthly rents increased 13% nationwide over the past year, the highest growth rate in at least two years, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. The national median monthly mortgage payment for homebuyers posted even bigger growth, climbing 17% since October 2020 . The 3.2% month-over-month increase in mortgage payments for homebuyers was the largest since April, and more than double the increase during the same period in 2019. Growth rates for mortgage payments and rents had been converging, but an uptick in mortgage rates and home prices caused mortgage-payment growth to accelerate from September to October. The 0.4% month-over-month increase in rents was the smallest in eight months, which could just be a seasonal slowdown or may Full story available on Benzinga.com

Bank of America Corp DE lifted its stake in shares of Redfin Co. (NASDAQ:RDFN) by 17.1% during the second quarter, HoldingsChannel.com reports. The fund owned 187,598 shares of the companys stock after buying an additional 27,361 shares during the quarter. Bank of America Corp DEs holdings in Redfin were worth $11,896,000 at the end of []

Redfin (NASDAQ:RDFN) had its price target cut by DA Davidson from $62.00 to $50.00 in a research note released on Monday, Price Targets.com reports. They currently have a neutral rating on the stock. A number of other research analysts also recently issued reports on RDFN. Zacks Investment Research upgraded Redfin from a sell rating to []

rates Daryl Fairweather, Redfin chief economist, joins Yahoo Finance's Zack Guzman and Akiko Fujita to discuss where financial pressures and rising mortgage rates may be projected to occur in the hous

SEATTLE , Nov. 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN ) The median price of homes sold in October was $378,700 , according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This is up 13% from a year earlier, the lowest growth rate since December 2020 . October marked the 15th consecutive month of double-digit price gains. Seasonally-adjusted closed home sales and new listings of homes for sale both fell from a year earlier, by 8% and 11% respectively. Overall the housing market experienced fairly typical seasonal cooling in October. However, relief for homebuyers may be short-lived as pending sales rose 3% from September and early signals of demand are picking back up again in the first weeks of November. "The severe lack of inventory is restricting home sales," said Redfin Chief Economist Daryl Fairweather . "Even though plenty of people bought homes last year, many homebuyers waited while the pandemic went from bad to worse and remote-work policies were finalized.

SEATTLE, Nov. 22, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: Stephens Annual Invest

They come with some risks, but over the long term these growth stocks could be game changers for your portfolio.

Redfin Co. (NASDAQ:RDFN) CEO Glenn Kelman sold 30,000 shares of the stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $49.23, for a total value of $1,476,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. []

The company is benefiting from its diversified real estate model.