RedfinRDFN
RDFN
About: Redfin Corp is a residential real estate broker. It pairs its agents with the technology to create a service that is faster and costs less. The company meets customers through a listings-search website and mobile application. The company uses the same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has five operating segments real estate services, rentals, mortgage, title, and monetization. The company generates the majority of its revenue from Real estate services.
Employees: 4,778
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
33% more capital invested
Capital invested by funds: $591M [Q4 2024] → $788M (+$197M) [Q1 2025]
6.38% more ownership
Funds ownership: 60.61% [Q4 2024] → 66.99% (+6.38%) [Q1 2025]
9% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 57
1% more funds holding
Funds holding: 248 [Q4 2024] → 250 (+2) [Q1 2025]
15% less call options, than puts
Call options by funds: $61.6M | Put options by funds: $72.8M
16% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 74
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$9.20
15%
downside
Avg. target
$11.30
5%
upside
High target
$12.50
16%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Citigroup Ygal Arounian | 15%downside $9.20 | Neutral Maintained | 8 May 2025 |
Stephens & Co. John Campbell | 2%upside $11 | Overweight Maintained | 8 May 2025 |
RBC Capital Brad Erickson | 16%upside $12.50 | Sector Perform Maintained | 15 Apr 2025 |
JP Morgan Dae Lee | 16%upside $12.50 | Neutral Maintained | 24 Mar 2025 |
Financial journalist opinion
Based on 20 articles about RDFN published over the past 30 days
Neutral
Business Wire
3 days ago
Redfin Survey: Americans Are Torn on How Immigration, Tariffs Impact Housing Affordability
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Over half of U.S. homeowners and renters (51.2%) strongly or somewhat agree with the following statement: “Less immigration will result in fewer construction workers, and thereby fewer new homes, making homes more expensive.” That's according to a new survey commissioned by Redfin (www.redfin.com), the technology-powered real estate brokerage. But much of the nation holds the opposite view; 38.5% of homeowners and renters strongly or somewhat agree wit.
Neutral
Business Wire
3 days ago
Redfin Reports Just 28% of Homes Are Selling Above Asking Price, The Lowest Springtime Level Since 2020
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over 28% of U.S. homes are selling above the asking price, down from 32% a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the lowest level for this time of year since 2020, when the start of the pandemic ground the housing market to a halt. That's one signal of the shift toward a buyer's market in much of the country. For the sake of comparison, more than half (53%) of homes s.
Neutral
Business Wire
4 days ago
Redfin Reports There Are 7 Major Metros Where You Can Still Buy a Luxury Home for Less Than $1 Million, Down From 30 Just Five Years Ago
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical luxury home costs less than $1 million in seven of the top 50 most populous metros, down from 30 metros just five years ago. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The most affordable metro for buying a high-end property is Detroit, where the median price for a luxury home was $753,851 in April—44.1% less than the typical luxury home nationwide. That's according to an analys.
Neutral
Business Wire
1 week ago
Redfin Reports Some Would-Be Home Sellers Are Stepping Back as Market Tilts Toward Buyers
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings of U.S. homes for sale rose 6.3% year over year during the four weeks ending June 1, one of the smallest increases of the last three months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New listings declined year over year in 11 of the 50 most populous U.S. metros, with the biggest drops in San Jose, CA and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach.
Neutral
Business Wire
1 week ago
Redfin Reports Asking Rents Are Falling in 28 Major U.S. Metros—the Most Since 2023
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. asking rent fell 1% year over year in May to $1,633, which is $72 below the August 2022 record high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a month-over-month basis, the median U.S. asking rent rose 0.5% in May—typical for this time of year. Overall, 28 of the 44 major U.S. core-based statistical areas (CBSAs) Redfin analyzed saw asking rents decline last month—the highest nu.
Negative
Reuters
1 week ago
US senators press antitrust enforcers over Rocket-Redfin deal
A group of U.S. Senators have demanded that federal antitrust enforcers explain why they did not seek to block Rocket Companies' $1.75 billion acquisition of real estate listing platform Redfin , saying the deal could raise costs for homebuyers.
Neutral
Business Wire
1 week ago
Redfin Reports U.S. Home Sellers Are Sitting on $700 Billion Worth of Listings, an All-Time High
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — There's a total of $698 billion worth of homes for sale in the U.S., up 20.3% from a year ago and the highest dollar amount ever, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The report is based on an analysis of listings on Redfin.com going back through 2012. For the total dollar value of all inventory on the market, Redfin summed up the list price of all active U.S. listings as of the last day of e.
Neutral
Business Wire
2 weeks ago
Redfin Reports New Apartments Are Sitting Vacant for Months, Giving Renters Power to Negotiate Concessions
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Less than half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was the fifth consecutive quarter that the rental absorption rate was below 50%, a speed that continues to lag behind pre-pandemic norms. The rental vacancy rate for buildings with fi.
Neutral
Business Wire
2 weeks ago
Redfin Reports High Housing Costs Are Keeping Homebuyers at Bay—But Price Relief Is in Sight
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median monthly mortgage payment nationwide was $2,860 during the four weeks ending May 25, up 3.6% year over year and just $25 shy of the all-time high. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are high for two reasons: The weekly average mortgage rate is 6.86%, the highest level in three months, and the median U.S. home-sale price is up 1.9% year over year. High costs.
Neutral
Business Wire
2 weeks ago
The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall.
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — There are an estimated 1.9 million home sellers in the U.S. housing market and an estimated 1.5 million homebuyers, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In other words, there are 33.7% more sellers than buyers (or 490,041 more, to be exact). At no other point in records dating back to 2013 have sellers outnumbered buyers by this large of a number or percentage. A year ago, sellers outnumbered.
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