Redfin Corporation (RDFN)
After hours:
| Previous close | 5.90 |
| Open | 6.23 |
| Bid | 6.20 x 2000 |
| Ask | 6.25 x 2800 |
| Day's range | 6.10 - 6.75 |
| 52-week range | 4.26 - 17.68 |
| Volume | |
| Avg. volume | 5,067,443 |
| Market cap | 740.72M |
| Beta (5Y monthly) | 2.67 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Simply Wall St.
Redfin (NASDAQ:RDFN) adds US$86m to market cap in the past 7 days, though investors from three years ago are still down 89%
Redfin Corporation ( NASDAQ:RDFN ) shareholders should be happy to see the share price up 14% in the last week. But...
- Insider Monkey
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- Yahoo Finance Video
Homebuyers 'can't catch a break' in this market: Redfin CEO
Despite the prevailing high interest rate environment, US pending home sales data released on Thursday revealed a surprising 3.4% climb in March. To shed light on the dynamics shaping the housing market, Redfin (RDFN) CEO Glenn Kelman joins Wealth! Kelman acknowledges that while mortgage rates have deterred some homebuyers, those who remain in the market are "more serious." He anticipates housing market slowdowns may not be as severe as last year, as those who need to buy have been postponing their purchases but can no longer afford to do so, despite it being "a really hard time to buy a house." With mortgage rates soaring and housing prices increasing, he notes that "buyers just can't catch a break," emphasized by inventory levels that have yet to normalize. This challenging environment has left the housing market in dire need of a Federal Reserve rate cut, according to Kelman. Additionally, Kelman offers valuable tips for navigating this environment and securing a home. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
