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Redfin Corporation  (RDFN)
Other Ticker:  
 
    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services
 
Price: $6.8900 $0.27 4.079%
Day's High: $6.94 Week Perf: -4.17 %
Day's Low: $ 6.58 30 Day Perf: -15.98 %
Volume (M): 6,703 52 Wk High: $ 17.68
Volume (M$): $ 46,184 52 Wk Avg: $8.95
Open: $6.62 52 Wk Low: $4.26



 Market Capitalization (Millions $) 790
 Shares Outstanding (Millions) 115
 Employees 3,000
 Revenues (TTM) (Millions $) 1,349
 Net Income (TTM) (Millions $) -169
 Cash Flow (TTM) (Millions $) -277
 Capital Exp. (TTM) (Millions $) 13

Redfin Corporation
Redfin Corporation is a technology-powered real estate brokerage company that operates in the United States and Canada. The company was founded in 2004 by David Eraker, Michael Dougherty, and David Selinger, and is headquartered in Seattle, Washington. Redfin is known for its innovative approach to real estate transactions, using technology to provide transparency and efficiency to the home buying and selling process.

Redfin's business model is based on providing full-service real estate transactions at a lower cost than traditional brokerages. The company employs licensed real estate agents who work on salary and receive bonuses based on customer satisfaction, rather than commission based on sales volume. Redfin also invests heavily in technology to streamline the home-buying and selling process. Some of these technologies include a mobile app that allows users to search and schedule tours, a powerful data analysis platform that provides insights into local real estate markets, and machine learning algorithms that help predict future market trends.

Redfin's core services include buying and selling homes, as well as providing mortgage and title services. Customers can search for homes on the Redfin website or mobile app, and are matched with a local Redfin agent who guides them through the home buying process. Redfin also offers a "sell for more" service, which uses data analytics and machine learning to help homeowners price their homes correctly and negotiate with buyers. Additionally, Redfin Mortgage offers mortgage loans to qualified buyers, and Redfin Title provides title and escrow services.

Redfin has been recognized for its innovative approach to real estate, and has received numerous awards and accolades. In 2019, Redfin was named one of the world's most innovative companies by Fast Company. The company was also named one of the 100 best places to work in the US by Glassdoor in 2020, and was recognized by Newsweek as one of America's most trusted companies in 2021.

As of 2021, Redfin has over 3,000 employees and operates in more than 95 markets across the United States and Canada. The company has helped more than one million customers buy or sell a home, and has facilitated more than $88 billion in real estate transactions. With its innovative technology and customer-centric approach, Redfin is poised to continue disrupting the real estate industry for years to come.


   Company Address: 1099 Stewart Street Seattle 98101 WA
   Company Phone Number: 576-8333   Stock Exchange / Ticker: NASDAQ RDFN
   RDFN is expected to report next financial results on February 27, 2024.


   

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Product Service News

Spring Brings Hope for Home Sellers with a Surge in Listings, Yet Buyers Remain Cautious Amidst Rising Mortgage Rates

Published Thu, Feb 22 2024 1:00 PM UTC

As the real estate market gears up for the arrival of the spring season, there is a glimmer of hope for home sellers, with new listings experiencing a significant 10% year over year increase in the four weeks leading up to February 18th. A recent report by Redfin, the technology-powered real estate brokerage, reveals this to be the largest surge in new listings in the past t...

Product Service News

Home Prices and Mortgage Rates Surge, Slowing Housing Market Activity

Published Thu, Feb 15 2024 1:00 PM UTC

The housing market in the United States continues to face challenges as home prices and mortgage rates rise, pushing potential buyers to the sidelines. According to a recent report from Redfin, the median U.S. home-sale price rose 6.1% year over year during the four weeks ending February 11, marking the biggest increase since October 2022. Concurrently, average mortgage rate...

Product Service News

Air Quality and Affordability Drive Residential Migration Patterns, Redfin Reports

Published Mon, Feb 12 2024 4:18 PM UTC

Redfin, the technology-powered real estate brokerage, recently released a report highlighting a significant shift in residential migration patterns. The study found that areas with poor air quality are experiencing a higher outflow of residents, often due to their unaffordability. Additionally, regions with low risk of pollution are witnessing an influx of inhabitants. This ...

Product Service News

From Rent Growth to Luxury Home Prices: Understanding the Shifting Dynamics of the U.S. Housing Market

Published Fri, Feb 9 2024 1:00 PM UTC

Rent Growth Levels Off After Pandemic Surge, While Luxury Home Prices Soar: Redfin ReportsIn recent years, the U.S. housing market has experienced significant fluctuations due to the impact of the COVID-19 pandemic. Two new reports from Redfin shed light on the current state of the market, focusing on the leveling off of rent growth, the surge in luxury home prices, and the ...

Product Service News

Sluggish Housing Sales Despite Increase in Home Tours, Redfin Reports

Published Thu, Feb 1 2024 1:00 PM UTC

According to recent reports from Redfin, a technology-powered real estate brokerage, there has been a notable increase in home tours and buyer demands. However, this surge in interest has not yet translated into higher home sales. Additionally, Redfin highlights the significant purchasing power gained by homebuyers due to lower mortgage rates. Furthermore, the report sheds l...






 

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