Redfin Corporation (R6G.F)
| Previous Close | 4.77 |
| Open | 4.87 |
| Bid | 5.20 x 0 |
| Ask | 5.31 x 0 |
| Day's Range | 4.87 - 5.20 |
| 52 Week Range | 4.28 - 15.31 |
| Volume | |
| Avg. Volume | 145 |
| Market Cap | 628.872M |
| Beta (5Y Monthly) | 2.67 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.05 |
| Earnings Date | May 07, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 66.08 |
- Yahoo Finance Video
Homebuyers 'can't catch a break' in this market: Redfin CEO
Despite the prevailing high interest rate environment, US pending home sales data released on Thursday revealed a surprising 3.4% climb in March. To shed light on the dynamics shaping the housing market, Redfin (RDFN) CEO Glenn Kelman joins Wealth! Kelman acknowledges that while mortgage rates have deterred some homebuyers, those who remain in the market are "more serious." He anticipates housing market slowdowns may not be as severe as last year, as those who need to buy have been postponing their purchases but can no longer afford to do so, despite it being "a really hard time to buy a house." With mortgage rates soaring and housing prices increasing, he notes that "buyers just can't catch a break," emphasized by inventory levels that have yet to normalize. This challenging environment has left the housing market in dire need of a Federal Reserve rate cut, according to Kelman. Additionally, Kelman offers valuable tips for navigating this environment and securing a home. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
Business WireRedfin Reports Home Prices Stagnate in Florida and Texas as Supply Soars
SEATTLE, April 25, 2024--(NASDAQ: RDFN) — On the west coast of Florida, housing supply is surging, sellers are cutting their asking prices and the time it takes to sell a home is soaring—all at a faster rate than anywhere else in the U.S. The story is similar in parts of Texas. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Business WireRedfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising
SEATTLE, April 25, 2024--(NASDAQ: RDFN) —The median U.S. home-sale price hit a record $383,725 during the four weeks ending April 21, up 5.2% from a year earlier—one of the biggest jumps since October 2022. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
