Several tailwinds could help this business have an excellent 2025 and beyond. To say that Redfin (RDFN -1.58%) has been a strong performer lately would be an understatement. As of Aug. 26, the stock is higher by more than 50% in just one week. But as I explain in this video, some big catalysts could fuel the business in 2025 and beyond. *Stock prices used were the morning prices of Aug. 26, 2024. The video was published on Aug. 27, 2024. ...

Redfin is responding to a new startup that is hoping to upend the way people search for and buy homes by offering a flat-see service. On August 29, TechCrunch reported that a startup called Landian had emerged from stealth to offer homebuyers a way to tour and make offers on homes through a flat-fee service, rather than paying commissions. That company was co-founded by Josh Sitzer, who sued the National Association of Realtors (NAR) in a landmark case over agent commissions. Under the resulting settlement, ...

Eager rate watchers shouldn't jump the gun with Redfin stock. Central bank policy affects all publicly listed U.S. businesses, more or less. Among the more directly affected companies is Redfin, (RDFN -7.86%) which operates a digital residential real estate marketplace. The Federal Reserve sets the federal funds rate, which in turn affects America's mortgage interests rates. After roughly two years of elevated rates, the tide may finally turn in Redfin's favor if the Fed finally starts to reduce interest ra ...

Even though shares are up sharply in recent weeks, the real estate disruptor could still be a great long-term investment. Real estate technology company Redfin (RDFN 5.78%) has taken investors on quite a roller-coaster ride. After losing more than 95% of its peak value after the real estate market slowed to a crawl in 2022, the stock has more than tripled from the lows and is up by more than 50% in the past couple of weeks. However, with Redfin still trading at a rather small market cap ($1.3 billion) and s ...

These two beaten-down stocks are on the rebound. While $5,000 might not seem like much to some, with the power of investing, that money can turn into $10,000, $20,000, and $50,000 over time. Thanks to compounding, your money will grow faster the longer it's invested, so it's always a good idea to get started investing sooner rather than later. If you're looking to double your money -- and have some patience -- keep reading to see two stocks that could turn $5,000 into $10,000 in due time. 1. Redfin Redfin ( ...

Redfin is improving its revenue, profits, and market share in a slowing real estate market, and its business could benefit from a big tailwind next month. Redfin (RDFN -1.84%) is a real estate technology company, and it operates one of the largest brokerages in America. The rapid rise in interest rates during 2022 and 2023 shrank the borrowing capacity of most consumers and put the brakes on the housing market, which crushed Redfin's primary business. With that said, the company continues to deliver modest ...

He really said that: When asked about the company's "Plan B" if mortgage rates don't fall, Redfin CEO Glenn Kelman responded, "Plan B is to drink our own urine or our competitors' blood, stay in the foxhole." This wasn't at some informal, off-the-record gathering. It was on Redfin's second quarter earnings call, the kind of call where executives usually stick to blandly optimistic platitudes — a call that gets transcribed on investor relations websites. The real estate website's earnings were better than ex ...

Sundry Photography Amid recent market turmoil, the real estate industry has still been unable to claw back from several years of post-pandemic softness. High-interest rates continue to eat away at both buyers' affordability and sellers' willingness to move, creating a unique world in which very few homes are changing hands. Against this backdrop, Redfin (NASDAQ:RDFN) has slashed costs and dramatically updated its business strategy. But so far, we have yet to see meaningful results. The brokerage company jus ...

| --- | --- | --- | --- | --- | |-------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | A Technology-Powered Real Estate Company | | | | | | Q2 2024 Earnings Slides | | | | | Important Legal Information This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical fact, including statements regarding our future operating results and financial position, our busine ...

Redfin Corporation (NASDAQ:RDFN) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Meg Nunnally - Head of Investor Relations Glenn Kelman - Chief Executive Officer Chris Nielsen - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Ryan McKeveny - Zelman & Associates Ygal Arounian - Citigroup John Campbell - Stephens Inc. Curtis Nagle - Bank of America Jay McCanless - Wedbush Operator Good day, ladies and gentlemen and welcome to the Redfin Corpor ...