Don't be put off by this stock's dismal performance lately -- now could be the best time to buy it with interest rate cuts on the horizon. The housing market has been a big casualty of that policy shift. Rising interest rates can reduce the borrowing capacity of the average homebuyer, which often leads to fewer sales. In fact, U.S. existing home sales came in at an annualized rate of 4.1 million units in May, which is 38% below the 2021 peak of 6.6 million units, when interest rates were sitting at record l ...

This real estate broker is expected to post quarterly loss of $0.25 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $291.59 million, up 5.8% from the year-ago quarter. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> The increased investor optimism in the stock can be attributed to the favorable operating environment. For Redfin, the consensus EPS estima ...

signal a downward trend. After reaching an important support level, Redfin (RDFN) could be a good stock pick from a technical perspective. RDFN surpassed resistance at the 20- day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving aver ...

Insider Today Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Leading the regional trend is Austin, Texas, where rent fell 6.6% on an annual basis last month. Runner-ups included Nashville, Tennessee, Jacksonville, Miami, and San Diego. "The Sun Belt has built a ton of new apartments in recent years, partly to meet the surge in demand brought on by the flood of people who moved in during the pandemic housing boom," Redfin Senior Econo ...

After reaching an important support level, Redfin (RDFN) could be a good stock pick from a technical perspective. RDFN surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend. Over the past four weeks, RDFN has gained 39.4%. The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher. Once investors consider RDFN's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the p ...

Company Participants | --- | |--------------------------------------------------------------------------------------------------------------------------| | | | Meg Nunnally - Head of Investor Relations Glenn Kelman - Chief Executive Officer Chris Nielsen - Chief Financial Officer | | | | Conference Call Participants | | Naved Khan - B Riley Securities John Campbell - Stephens Inc. | | Jason Helfstein - Oppenheimer | | Stefanos Crist - Needham | | Ryan McKeveny - Zelman & Associates | | Ygal Arounian - Citig ...

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 business strategy and plans, our market growth and trends, and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "could," "would," "project," "plan," "potentially," "p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 001-38160 Redfin Corporation (Exact name of registrant as specified in its charter) Delaware 74-3064240 (State or other juri ...

Redfin Reports First Quarter 2024 Financial Results SEATTLE - May 7, 2024 - Redfin Corporation (NASDAQ: RDFN) today announced results for its first quarter ended March 31, 2024. First Quarter 2024 First quarter revenue was $225.5 million, an increase of 5% compared to the first quarter of 2023. Gross profit was $70.8 million, an increase of 22% year-over-year. Real estate services gross profit was $20.3 million, an increase of 28% year-over-year, and real estate services gross margin was 15%, compared to 12 ...

Hey, good afternoon, everyone. Just staying on mortgage for a second, I'm surprised at the level of revenue decline you're forecasting given you expect real estate services to show at least a small gain. Maybe talk about the disconnect between those two. Chris Nielsen Sure. Well, I do think it's possible that we generate more revenue in the mortgage business. So that's one potential outcome here. Another thing just to remember is that there's a little bit of a timing difference in the recognition of revenue ...