Redfin Corporation (R6G.F)
| Previous Close | 5.95 |
| Open | 5.95 |
| Bid | 5.94 x 0 |
| Ask | 6.05 x 0 |
| Day's Range | 5.93 - 6.06 |
| 52 Week Range | 4.28 - 15.31 |
| Volume | |
| Avg. Volume | 199 |
| Market Cap | 713.672M |
| Beta (5Y Monthly) | 2.67 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- StockStory
Redfin's (NASDAQ:RDFN) Q1 Sales Top Estimates, Stock Soars
Real estate technology company Redfin (NASDAQ:RDFN) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue up 5.3% year on year to $225.5 million. Guidance for next quarter's revenue was also optimistic at $291.5 million at the midpoint, 2.7% above analysts' estimates. It made a GAAP loss of $0.57 per share, down from its loss of $0.52 per share in the same quarter last year.
- Associated Press Finance
Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices. The online brokerage and real estate services company disclosed the proposed settlement Monday in a regulatory filing with the Securities and Exchange Commission. The settlement, which Redfin agreed to Friday, would resolve pending class action lawsuits filed in federal court in the Western District of Missouri, and also shield the company, its subsidiaries and agents from similar cases around the country, according to the filing.
- Reuters
Fewer low-income Americans took out mortgages in 2023, study says
As aggressive rate hikes by the U.S. Federal Reserve have pushed up the cost of standard 30-year mortgages to more than 7%, existing homeowners have held on to rock-bottom rates from the pandemic. "Somewhat ironically, the continued strength of the economy has made it harder to afford a home and widened the real-estate wealth gap between rich and poor Americans," Redfin Senior Economist Elijah de la Campa said. The median household income in the HMDA data for low-income households was $64,000.
