Residential real estate brokerage Redfin Co. NASDAQ: RDFN has been a disrupter in the finance sector, specifically in the residential real estate industry. The company has been losing money in the high interest rate and weak home-buying market.
Online real estate agent and listing website Redfin is thriving under new rules regarding real estate agent commissions. The company even sweetened its compensation for selected Redfin-affiliated agents, cementing its competitive edge.
B. Riley raised its rating on Redfin to a buy. With interest rates set to fall, bulls are lining up behind Redfin to capitalize on the housing market recovery.
Redfin isn't a profitable company right now, but that could change quickly in a better real estate environment.
Several tailwinds could help this business have an excellent 2025 and beyond.
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.
Redfin stock surged on dovish-sounding remarks from the Federal Reserve chairman. However, the trajectory of central bank policy cannot be known with certainty.
Redfin has been one of the market's best performers recently, with shares up by more than 50% in a week. The real estate disruptor's management has made the most of a terrible market environment.
Falling interest rates and the AI boom could drive a pair of stocks higher. Redfin should capitalize on the upcoming housing market recovery.
Fed Chair Jerome Powell made the case for lowering interest rates at a speech this morning. Real estate stocks like Redfin are likely to benefit from lower rates.
Redfin laid off employees on Wednesday, GeekWire has learned.
Redfin Corporation (NASDAQ: RDFN) stock has gone through a rough patch in the past few years as concerns about the real estate industry have continued. It has dropped from a high of $98.22 in 2021 to $7.26.