Get a deeper insight into the potential performance of Redfin (RDFN) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Since hitting a more than 52-week high of $15.29 on Sept.
US pending home sales surged 2.5% in September, marking the largest monthly increase in over a year and a half, according to a Redfin report. Redfin (RDFN) CEO Glenn Kelman joins Wealth!
Glenn Kelman, Redfin CEO, discusses interest rates' impact on home sales and how inventory shortage could affect the market.
Glenn Kelman, Redfin CEO, joins 'Money Movers' to discuss Kelman's view of the housing market in September, the magic rate number that could get homebuyers back into the market, and what it'll take for more inventory to hit the market.
Bulls argue that several tailwinds are emerging to support Redfin's recovery. According to the bear case, the recovery in the housing market isn't guaranteed, and that improvement is already priced in.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Although this real estate disruptor has more than doubled since midyear, it could have much more upside ahead.
The U.S. 30-year fixed mortgage rate declined from 7.79% to 6.2% over the past year. The Federal Reserve could slash the federal funds rate by 125 basis points before the end of 2024.
Redfin (RDFN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Redfin (RDFN) stock price has gone parabolic since I wrote about it in August. It soared to a high of $14.5 on Friday, its highest level since August 2023 and 200% above its lowest level this year.
Redfin has struggled due to high interest rates, which have put a damper on housing activity. In recent years, the real estate company has undergone changes to become more efficient and capitalize on the next housing market uptrend.