RDFN News and Press, Redfin Corporation From 05/15/24

Real estate investors bought 19% of U.S. homes that sold in the first quarter—the highest share in almost two years (NASDAQ: RDFN) — Real estate investors bought roughly 44,000 U.S. homes in the first quarter of 2024, up 0.5% from a year earlier—the first increase s...

2024-05-13 14:41:53 ET Summary Redfin's stock is down nearly 30% this year, while rival Compass has gained 10%. Redfin's new initiative, Redfin Next, is a cost-saving measure in a struggling real estate industry, but is unlikely to put the company back into a leadership position i...

2024-05-13 13:07:36 ET More on GameStop: GameStop: Approaching An Optimistic Fair Value But Not There Yet GameStop: Operations Are Stabilizing, But Expect More Pain To Come GameStop: Compelling Risk To Reward Profile Ahead Of Q4 Earnings GameStop's sudden mem...

2024-05-13 12:46:07 ET More on Redfin Redfin Corporation (RDFN) Q1 2024 Earnings Call Transcript Redfin Corporation 2024 Q1 - Results - Earnings Call Presentation Redfin: No End In Sight To Market Share Losses Redfin Q1 adjusted EBITDA tops consensus; issues ...

2024-05-13 12:01:25 ET More on Real Estate: XLRE: Quality Beats Quantity Once Again XLRE: Could You Do Better? Real estate stocks continue to outperform broader markets with increased chances of rate cut 19 REITs estimated to increase dividend in Q2, says rep...

Austin and the Bay Area saw the biggest declines in mortgages for second homes in 2023. Many of the people who did take out mortgages for second homes last year were high earners, white and/or Gen Xers. (NASDAQ: RDFN) — U.S. homebuyers took out 90,772 mortgages for second homes i...

2024-05-12 11:41:48 ET Summary Investors are focused on the Dow Jones winning streak and are ignoring the upcoming CPI report for April 2024, scheduled for release on Wednesday. The CPI report will provide insight into the Federal Reserve's potential interest rate policy. Ener...

2024-05-11 06:32:00 ET The Consumer Price Index (CPI), which is the widely followed measure of inflation, hit a 40-year high of 8% in 2022. It prompted a significant response from the U.S. Federal Reserve, which lifted the federal funds rate from a historic low of 0.25% all the way to 5.50%...

2024-05-11 06:08:00 ET The Dow Jones Industrial Average and S&P 500 aren't far from their all-time highs, but not all stocks are in the same boat. There are some that aren't getting much love from investors and are trading for significantly less than their peaks. Here are two in...

2024-05-09 12:00:13 ET More on Real Estate: XLRE: Quality Beats Quantity Once Again XLRE: Could You Do Better? 19 REITs estimated to increase dividend in Q2, says report Real estate stocks outperform major market averages as rate hikes ruled out, earnings con...