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Redfin | RDFN | Long at $8.64Redfin $NASDAQ:RDFN. Yes, housing is starting to finally slide as mortgage rates remain high, housing inventory increases, and pending sales drop. I can see an argument to wait to enter NASDAQ:RDFN and I can't truly argue against it for 2025 (a dip is possible into the $4's if things really take a bad turn). But what I like about Redfin is they do not invest in homes where there is substantial risk during a housing pause or downturn. They purely make money through real estate services (brokerage and marketing), subscription services for listings, mortgage services (fees and interest), and other services. When mortgage rates drop, the housing market will shift rapidly - which is honestly going to be a big problem in the long-term as the desperate buyer grabs a 4-5% mortgage (vs the current 6.5%-7%) for the "deal" on a home they can't truly afford... During this eventual shift, Redfin and Zillow NASDAQ:Z will do well. It's just a matter of "when" will it occur. At $8.64, NASDAQ:RDFN is in a personal buy zone. If the price dips further after earnings, I will be accumulating more shares (unless the company is crumbling). Targets into 2027: $11.00 $15.00 $20.00 $25.00
NASDAQ:RDFNLong
by WorthlessViews
Redfin Shares Rise Amid Housing Market GrowthRedfin ( NASDAQ:RDFN ) shares are on the rise thanks to a decrease in mortgage rates and the White House’s proposed mortgage relief tax credit. The technology-driven real estate company has experienced a significant uptick in new home listings, resulting in a 13% increase nationwide and a 1.7% boost in total homes for sale. The U.S. housing market has grown by $2.4 trillion in the past year, reaching a total value of $47.5 trillion. Redfin ( NASDAQ:RDFN ) stands out by providing a wide array of home-buying and renting options, disrupting the traditional home-buying process with lower sales commissions. However, the housing sector has faced challenges from rising mortgage rates and high home prices, impacting companies like Redfin ( NASDAQ:RDFN ). Despite recent stock price increases, revenue declines and increased losses have been observed as transactions slow down. Analysts have a mixed outlook on Redfin shares ( NASDAQ:RDFN ), with a moderate sell consensus rating. Nonetheless, some see potential for growth amid the soaring real estate prices and concerns about affordability. In conclusion, Redfin’s ( NASDAQ:RDFN ) performance is shaped by market dynamics including mortgage rates, housing market value gains, and industry trends affecting real estate stocks like Redfin. Redfin Corporation ( NASDAQ:RDFN ) Stock Surges 9.10% Redfin Corporation ( NASDAQ:RDFN ) saw a significant increase in its stock performance. The company’s shares closed at $7.07, which was a $0.59 increase from the previous market close, representing a 9.10% rise in the stock price for the day. NASDAQ:RDFN is currently trading near the bottom of its 52-week range and below its 200-day simple moving average. Despite this, the stock showed strong momentum on March 8th, with investors showing confidence in the company’s potential for growth. In after-hours trading, NASDAQ:RDFN continued to see gains, with the stock rising an additional $0.11, further solidifying the positive trend seen throughout the day. Overall, NASDAQ:RDFN ’s stock performance was impressive, with the company experiencing a notable increase in its share price. Redfin Corporation (RDFN) Stock Performance Redfin Corporation ( NASDAQ:RDFN ) saw its stock performance impacted by its financial results for the past year and the fourth quarter. According to data from CNN Money, the total revenue for NASDAQ:RDFN stood at $976.67 million for the past year, with a significant decrease of 57.25% compared to the previous year. However, the total revenue remained flat at $218.08 million for the fourth quarter. NASDAQ:RDFN reported a net loss of $130.03 million for the past year, which represented an increase of 59.51% compared to the previous year. For the fourth quarter, the net loss was $22.90 million, indicating a decrease of 20.69% compared to the previous quarter. Despite the challenging financial results, NASDAQ:RDFN managed to increase its earnings per share (EPS) over the past year. The EPS was reported at -$1.16 for the past year, reflecting a 61.25% increase compared to the previous year. For the fourth quarter, the EPS was -$0.20, showing no change compared to the previous quarter. Overall, NASDAQ:RDFN ’s stock performance was likely influenced by the mixed financial results. While the company saw a significant decrease in total revenue, it managed to increase its net income and EPS over the past year. Investors may be closely monitoring NASDAQ:RDFN ’s financial performance and evaluating the company’s strategies for future growth and profitability.
NASDAQ:RDFNLong
by DEXWireNews
Pullback Buy in RDFNRDFN is a stock we bought in my Alpha Stocks service on June 27 when it broke out above resistance at 11.50. It rallied 50% over the next three weeks but has now pulled back to a level where I would consider adding to or taking a new position. Redfin is a powerful stock, but it also has a history of 15-20% pullbacks throughout its up moves. As of Friday morning, the stock is 20% off its high with support at the 21-day exponential moving average which has contained this surge thus far. Traders may consider buying here with a stop loss near $13.
NASDAQ:RDFNLong
by rossgivens
1
RDFN | Good Entry Point | RedfinRedfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.
NASDAQ:RDFNLong
by DivergenceSeeker