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Redfin Corporation  (RDFN)
Other Ticker:  
 
    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services
 
Price: $6.0100 $-0.31 -4.905%
Day's High: $6.45 Week Perf: -16.06 %
Day's Low: $ 5.88 30 Day Perf: -22.05 %
Volume (M): 10,038 52 Wk High: $ 17.68
Volume (M$): $ 60,329 52 Wk Avg: $8.90
Open: $6.34 52 Wk Low: $4.26



 Market Capitalization (Millions $) 679
 Shares Outstanding (Millions) 113
 Employees 3,000
 Revenues (TTM) (Millions $) 976
 Net Income (TTM) (Millions $) -130
 Cash Flow (TTM) (Millions $) -91
 Capital Exp. (TTM) (Millions $) 12

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: 576-8610   Stock Exchange / Ticker: NASDAQ RDFN
   


   

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Product Service News

Redfin Sees an Uptick in New Listings and Expands Sign & Save Program Nationwide

Published Fri, Mar 15 2024 12:00 PM UTC

In a recent report by Redfin, a technology-powered real estate brokerage firm, various trends in the housing market have emerged. The findings reveal a significant rise in new listings, an expansion of their Sign & Save program, and a notable increase in asking rents. These developments shed light on the current state of the real estate market and offer valuable insights int...

Product Service News

Redfin Harnesses Technological Advancements to Tackle a Volatile Housing Market

Published Thu, Mar 14 2024 12:00 PM UTC

In a recent development, Redfin introduced Ask Redfin, a generative AI-powered virtual assistant that aids homebuyers in swiftly obtaining pertinent information about for-sale homes. Users of the Redfin iPhone app in the U.S. have the option to opt in to Ask Redfin and utilize the tool to gather knowledge about listings, including details about open houses, homeowners associ...

Product Service News

Redfin Enhances Homebuying: Expands Sign & Save Program Nationwide and Introduces AI-Powered Assistant for House Hunters

Published Tue, Mar 12 2024 12:00 PM UTC

Redfin Expands Sign & Save Program Nationwide and Introduces AI Tool for HomebuyersRedfin, a technology-powered real estate brokerage, has announced the expansion of its Sign & Save program to several additional markets across the United States, including Chicago, Los Angeles, Philadelphia, San Diego, and San Francisco. The program allows homebuyers who sign up to work with ...

Product Service News

Redfin Surveys Housing Market: Soaring Asking Rents, New Listings, and Market Value Pave Way for Growth Opportunities

Published Mon, Mar 11 2024 12:30 PM UTC

Redfin Reports Surging Asking Rents, New Listings, and Housing Market Value, Signaling Growth OpportunitiesIn recent reports released by Redfin, the technology-powered real estate brokerage, several significant trends in the housing market have been identified. These trends include a notable increase in asking rents, a surge in new listings, and a remarkable gain in the ove...

Product Service News

Ask Redfin: The AI-Powered Architect Reshaping the Future of Homebuying

Published Thu, Mar 7 2024 5:30 PM UTC

Introducing Ask Redfin: Your AI-Powered Guide to Finding Your Dream HomeSEATTLE (NASDAQ: RDFN) - In an era where artificial intelligence continues to transform industries, Redfin (redfin.com) has harnessed the power of AI to revolutionize the way homebuyers search for their ideal properties. Today, Redfin announced the beta launch of Ask Redfin, a remarkable generative AI-po...






 

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