Since hitting a more than 52-week high of $15.29 on Sept. 18, real estate services stock Redfin Corp (NASDAQ:RDFN) has taken a step back on the charts. Shares are down 0.7% at $10.11 at last glance to extend an 18.2% quarterly deficit and breaching their year-to-date breakeven level. However, RDFN is still up 100% over the last 12 months, and this most recent dip has it trading near a historically bullish trendline.Per a study from Schaeffer's Senior Quantitative Analyst Rocky White, Redfin stock is within ...

Shares of the online real estate brokerage are on the move. Is it a buy? Redfin (RDFN -2.57%) has been on a roll recently. The online real estate brokerage has surged on hopes that falling mortgage rates will trigger a rebound in the housing market. The stock has doubled over the last three months as enthusiasm about a housing recovery has mounted, but is Redfin a buy now? To answer that question, we asked two of our contributors to weigh in with the bull and bear cases. First, let's hear the bull case. Mor ...

Although this real estate disruptor has more than doubled since midyear, it could have much more upside ahead. Redfin (RDFN -6.47%) has been one of the stock market's top performers recently, more than doubling over the past three months, both in anticipation of and in reaction to the Federal Reserve's rate cut. In this short video, I discuss why the recent movement in the stock could be just the starting point of an excellent period in Redfin's history. *Stock prices used were the morning prices of Sept. 2 ...

The real estate industry has been crushed under the weight of high interest rates, but its fortunes are about to change for the better. According to the Federal Home Loan Mortgage Corp. (Freddie Mac), the U.S. 30-year fixed mortgage rate hit 7.79% in October 2023, which was the highest level since 2000. It crushed the borrowing power of consumers, and it also made existing homeowners hesitant to sell for fear of abandoning their existing lower rate. As a result, high interest rates decimated the housing mar ...

Redfin (RDFN) shares soared 25.7% in the last trading session to close at $14.45. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 51.3% gain over the past four weeks. The increased investor optimism in the stock can be attributed to the recent decline in mortgage rates, which is likely to provide an impetus to the United States' second-home demand. This real estate broker is expected to post quarterly loss of $0.18 per share in i ...

With interest rates expected to fall over the next 12 months, is now the perfect time to buy Redfin? Real estate stocks have faced an uphill battle ever since the Federal Reserve began raising interest rates in 2022. Increased interest rates have affected borrowing costs and the overall demand for real estate, leading to a challenging environment for real estate investors and homebuyers. Redfin (RDFN 5.36%) is one company that has faced significant challenges due to the sharp decline in housing activity. Th ...

Redfin Today RDFN Redfin $10.82 +0.39 (+3.74%) 52-Week Range $4.26 ▼ $11.80 Price Target $7.68 Add to Watchlist Residential real estate brokerage Redfin Co. NASDAQ: RDFN has been a disrupter in the finance sector, specifically in the residential real estate industry. The company has been losing money in the high interest rate and weak home-buying market. Sentiment hasn't been great, as evidenced by its 15.44% short interest. However, with the U.S. Federal Reserve expected to start its interest rate cut cycl ...

The real estate middleman confirmed what many would expect to be the case. It even doubled down on the resulting opportunity. Largely in response to news regarding its ever-strengthening place within the real estate sales business, data from S&P Global Market Intelligence indicates that as of 3:54 p.m. ET Monday, Redfin (RDFN 12.03%) stock was up 11.4%. More upside could be in store, too. It's complicated Last month, the National Association of Realtors (NAR) changed long-standing rules regarding agents' co ...

An analyst upgrade lifted shares of the online real estate brokerage. Shares of Redfin (RDFN 3.27%) were moving higher again today after the online real estate brokerage got an upgrade from a Wall Street analyst. It was the latest piece of good news for Redfin, which has responded favorably to expectations that interest rates will come down at the Federal Reserve's next meeting later this month. As of 11:21 a.m. ET, the stock was up 7.8% after gaining as much as 15.8% earlier in the session. Redfin's breako ...

Redfin isn't a profitable company right now, but that could change quickly in a better real estate environment. Real estate technology company Redfin (RDFN -1.58%) isn't profitable right now, but management is certainly doing a good job of focusing on efficiency and setting the company up for success once the agonizingly slow real estate market picks up. In this video, Fool.com contributors Matt Frankel and Tyler Crowe discuss why Redfin could be a major winner as the Federal Reserve starts to lower interes ...