Redfin Corp Stock News

Wall Street analysts are debating if a bull market has officially begun yet, but it's definitely coming. A new bull market might coincide with improved economic conditions.

Redfin and Zillow Group‘s second-quarter earnings reports point to more pain in the real estate market as limited housing supply and climbing mortgage rates throttle transaction volume.

Shares of tech-focused real-estate firm Redfin Corp. and online home-buying platform Opendoor Technologies Inc. were hit hard on Friday, after both companies a day earlier gave weaker-than-expected sa

Redfin reported second-quarter earnings that beat expectations on the top and bottom lines. Declining market share and a longer timetable to profitability disappointed investors.

Redfin stock plunged as much as 24% Friday following a downbeat earnings report. Second-quarter revenue dropped 21% compared to 2022.

Mortgage payments are 19% more expensive than last year, Redfin data shows. The typical homebuyer's monthly mortgage payment was $2,605 during July.

Redfin (RDFN) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.73 per share a year ago.

Redfin Corp.'s stock RDFN, +0.14% slid 10% in after-hours trade Thursday, after the real estate company said it will take longer to break even than expected after it lost market share in its latest qu

Buying your first home has become even less affordable, Redfin said.  Buyers now need to make at least $64,500 a year to afford a starter home, up 13% in 12 months.

Zillow Group Inc. Z, +2.16% ZG, +1.73% and Redfin Corp. RDFN, +0.40% announced a partnership Tuesday, as the real estate information and services companies work together to help home builders connect

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"We think the housing market recovery is more than priced into the shares," an analyst says.

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DA Davidson analyst Tom White downgraded shares of Redfin to Underperform from Neutral.