Redfin Corp

NASDAQ:RDFNUnited States

Yesterday

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• DJ Redfin Is Maintained at Neutral by Wedbush, from 22 hours ago by Dow Jones

  22 hours ago by Dow Jones
  Companies Mentioned: RDFN
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/RDFN/analyst-ratings
  
  (END) Dow Jones Newswires
  
  November 08, 2024 11:08 ET (16:08 GMT)
  

• DJ Redfin CEO Thinks Prospective Homebuyers May Be Out Of Reasons To Wait -- Market Talk, from 23 hours ago by Dow Jones

  23 hours ago by Dow Jones
  Companies Mentioned: RDFN
  
  1023 ET - Redfin isn't sure what to expect from the housing market in 2025. "With the election now over, many people who put off plans to buy or sell a home over the last two years may have run out of reasons to wait," says CEO Glenn Kelman on a 3Q analyst call. The real-estate brokerage company notes that higher mortgages as well as the presidential election were a common source of anxiety among buyers in September and October, a sentiment that's been echoed by numerous companies tied to the housing market. Many home builders expect the housing market to grow next year, but factors affecting mortgage rates and any possible tariffs may alter the pace of a recovery. (denny.jacob@wsj.com; @pennedbyden)
  

• DJ Redfin CEO Sees Abnormal Behavior Among Homebuyers Recently -- Market Talk, from 23 hours ago by Dow Jones

  23 hours ago by Dow Jones
  Companies Mentioned: RDFN
  
  1013 ET - Redfin is seeing some bizarre conditions in the market. The real-estate brokerage company says since September 18 and even through last weekend, homebuyers haven't been deterred by increasing mortgage rates, tariffs possibly increasing and government deficits that make debt investors anxious. "In my 19 years of running Redfin, I've never seen homebuyers react so slowly to a rate drop that lowered monthly payments by hundreds of dollars, then so unflinching as those savings disappeared," says CEO Glenn Kelman on a 3Q analyst call. (denny.jacob@wsj.com; @pennedbyden)
  

• DJ Redfin Pins Advertising Efforts to Housing Market Recovery -- Market Talk, from 23 hours ago by Dow Jones

  23 hours ago by Dow Jones
  Companies Mentioned: RDFN
  
  1009 ET - Redfin is waiting for the housing market to pick up steam before making its ad dollars go to work. "As the housing market shows signs of life, we plan to increase ad spending significantly from 2024 to 2025," says CEO Glenn Kelman on a 3Q analyst call. The real-estate brokerage company also plans to invest in technology to guide online visitors to listings that fit their desires, schedule home tours and identify serious homeseekers. Shares tumble 16% on a wider loss in 3Q and lower-than-expected revenue growth. (denny.jacob@wsj.com; @pennedbyden)
  

• DJ Redfin Shares Slip on Weaker-than-Expected 3Q Results, from 6:35AM ET on Friday Nov 08, 2024 by Dow Jones

  6:35AM ET on Friday Nov 08, 2024 by Dow Jones
  Companies Mentioned: RDFN
  
  By Dean Seal
  
  Shares of Redfin dropped after the company logged a wider loss and less revenue growth in the third quarter than analysts had expected.
  
  The stock was down 14% at $9.85 in premarket trading. Shares had risen 11% year-to-date when the market closed Thursday.