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Redfin Corporation  (RDFN)
Other Ticker:  
 
    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services
 
Price: $9.6700 $-1.79 -15.620%
Day's High: $10.5 Week Perf: -7.38 %
Day's Low: $ 9.28 30 Day Perf: -3.78 %
Volume (M): 17,972 52 Wk High: $ 15.29
Volume (M$): $ 173,786 52 Wk Avg: $8.09
Open: $10.21 52 Wk Low: $5.10



 Market Capitalization (Millions $) 1,164
 Shares Outstanding (Millions) 120
 Employees 4,693
 Revenues (TTM) (Millions $) 894
 Net Income (TTM) (Millions $) -137
 Cash Flow (TTM) (Millions $) 81
 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


   

Stock Performances by Major Competitors

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Business Update

Navigating Uncertainty How Redfin Thrives Amidst High Mortgage Rates and Election Season

Published Thu, Nov 7 2024 3:48 PM UTC

Navigating Uncertainty: How Redfin Thrives Amidst High Mortgage Rates and Election SeasonAs the political arena heated up in the lead-up to the crucial presidential election, one financial sector appeared to defy the broader correlation with political uncertainty: the U.S. housing market. Remarkably, pending home sales demonstrated resilience, rising 4.3% year-over-year dur...

Business Update

Surge in Renter Households Redfins Insight into Americas Housing Transformation as Renting Outpaces Homeownership...

Published Tue, Nov 5 2024 1:36 PM UTC

In a recent press release, Redfin (NASDAQ: RDFN), the technology-driven real estate brokerage, has unveiled eye-opening statistics about the housing market that underscore an evolving trend: the number of renter households is rising at an unprecedented pace, outstripping the growth rate of homeowner households significantly. The third-quarter report highlights a remarkable 2...

Business Update

Housing Market Defies Expectations Amid Rising Mortgage Rates and Election Anxiety

Published Thu, Oct 31 2024 12:36 PM UTC

As the U.S. housing market navigates the complexities of a turbulent economy, recent data from Redfin, a technology-centric real estate brokerage, indicates that activity remains surprisingly robust in the face of rising mortgage rates and mounting political uncertainty. This week, mortgage rates surged to 7% for the first time since early July, effectively erasing the modes...

Business Update

Surge in Pending Home Sales Marks Significant Turnaround in the U.S. Housing Market

Published Thu, Oct 10 2024 12:36 PM UTC

The U.S. housing market is experiencing a notable resurgence, as pending home sales have jumped 2% from a year earlier during the four weeks ending October 6, marking the most substantial increase since 2021, according to a recent report from Redfin, a technology-driven real estate brokerage. This rise indicates a noteworthy shift in consumer sentiment and economic condition...

Business Update

Gradual Recovery in Rental Demand Signals Mixed Fortunes for the Housing Market

Published Tue, Oct 1 2024 12:47 PM UTC

As the housing market continues to navigate post-pandemic challenges, a recent report from Redfin highlights a glimmer of hope for newly constructed apartments. According to their findings, 54% of new apartments completed in the first quarter of 2024 found tenants within three months, marking a rebound from the four-year low of 47% recorded in the previous quarter. While thi...







Redfin's Segments
Real estate services    63.54 % of total Revenue
Rentals    17.25 % of total Revenue
Mortgage    13.61 % of total Revenue
Other    5.6 % of total Revenue





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