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 ...

Core Viewpoint - Redfin (RDFN) has shown significant stock performance, increasing over 50% in just one week as of August 26, 2024, indicating strong market momentum and potential for future growth [1]. Group 1 - The company is expected to benefit from several tailwinds that could enhance its performance in 2025 and beyond [1]. - The stock prices referenced were from the morning of August 26, 2024, highlighting the recent surge in value [1]. - The analysis suggests that there are substantial catalysts that could drive the business forward in the coming years [1].

Core Viewpoint - Redfin is responding to a new startup, Landian, which offers a flat-fee service for homebuyers, aiming to disrupt traditional real estate commission structures [1][2]. Group 1: Startup and Market Changes - Landian, co-founded by Josh Sitzer, aims to change how homebuyers search for and purchase homes by eliminating commissions through a flat-fee model [1][2]. - The National Association of Realtors (NAR) settled a lawsuit with Sitzer, agreeing to pay $418 million in damages and abolishing the Participation Rule, which is expected to significantly impact the real estate market [2]. Group 2: Redfin's Position - Redfin expresses skepticism about the flat-fee model, citing past experiences where a similar approach did not succeed due to competitive market challenges [3]. - The company emphasizes its current model, which charges commissions as low as 1% for home sellers and 2% for homebuyers, claiming to have saved customers $1.6 billion in fees [3]. - Redfin differentiates itself by not charging for tours and not requiring customers to hire agents without prior interaction, unlike Landian [3]. Group 3: Future Considerations - Redfin indicates a possibility of experimenting with a flat-fee itemized service in the future, but remains cautious about the approach [4].

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 ...

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 ...

Redfin (RDFN) reported $295.2 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 7.1%. EPS of -$0.23 for the same period compares to -$0.25 a year ago. The reported revenue represents a surprise of +1.24% over the Zacks Consensus Estimate of $291.59 million. With the consensus EPS estimate being -$0.27, the EPS surprise was +14.81%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...