The real estate industry has been crushed under the weight of high interest rates, but its fortunes are about to change for the better.According to the Federal Home Loan Mortgage Corp. (Freddie Mac), the U.S. 30-year fixed mortgage rate hit 7.79% in October 2023, which was the highest level since 2000. It crushed the borrowing power of consumers, and it also made existing homeowners hesitant to sell for fear of abandoning their existing lower rate.As a result, high interest rates decimated the housing marke ...

Redfin (RDFN) shares soared 25.7% in the last trading session to close at $14.45. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 51.3% gain over the past four weeks.The increased investor optimism in the stock can be attributed to the recent decline in mortgage rates, which is likely to provide an impetus to the United States’ second-home demand.This real estate broker is expected to post quarterly loss of $0.18 per share in its ...

With interest rates expected to fall over the next 12 months, is now the perfect time to buy Redfin?Real estate stocks have faced an uphill battle ever since the Federal Reserve began raising interest rates in 2022. Increased interest rates have affected borrowing costs and the overall demand for real estate, leading to a challenging environment for real estate investors and homebuyers.Redfin (RDFN 5.36%) is one company that has faced significant challenges due to the sharp decline in housing activity. The ...

Redfin TodayRDFNRedfin$10.82 +0.39 (+3.74%) 52-Week Range$4.26▼$11.80Price Target$7.68Add to WatchlistResidential 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.Sentiment hasn't been great, as evidenced by its 15.44% short interest. However, with the U.S. Federal Reserve expected to start its interest rate cut cycle in Septem ...

The real estate middleman confirmed what many would expect to be the case. It even doubled down on the resulting opportunity.Largely in response to news regarding its ever-strengthening place within the real estate sales business, data from S&P Global Market Intelligence indicates that as of 3:54 p.m. ET Monday, Redfin (RDFN 12.03%) stock was up 11.4%.More upside could be in store, too.It's complicatedLast month, the National Association of Realtors (NAR) changed long-standing rules regarding agents' commis ...

An analyst upgrade lifted shares of the online real estate brokerage.Shares of Redfin (RDFN 3.27%) were moving higher again today after the online real estate brokerage got an upgrade from a Wall Street analyst.It was the latest piece of good news for Redfin, which has responded favorably to expectations that interest rates will come down at the Federal Reserve's next meeting later this month.As of 11:21 a.m. ET, the stock was up 7.8% after gaining as much as 15.8% earlier in the session.Redfin's breakout c ...

Redfin isn't a profitable company right now, but that could change quickly in a better real estate environment.Real estate technology company Redfin (RDFN -1.58%) isn't profitable right now, but management is certainly doing a good job of focusing on efficiency and setting the company up for success once the agonizingly slow real estate market picks up. In this video, Fool.com contributors Matt Frankel and Tyler Crowe discuss why Redfin could be a major winner as the Federal Reserve starts to lower interest ...

Several tailwinds could help this business have an excellent 2025 and beyond.To say that Redfin (RDFN -1.58%) has been a strong performer lately would be an understatement. As of Aug. 26, the stock is higher by more than 50% in just one week. But as I explain in this video, some big catalysts could fuel the business in 2025 and beyond.*Stock prices used were the morning prices of Aug. 26, 2024. The video was published on Aug. 27, 2024. ...

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.On August 29, TechCrunch reported that a startup called Landian had emerged from stealth to offer homebuyers a way to tour and make offers on homes through a flat-fee service, rather than paying commissions. That company was co-founded by Josh Sitzer, who sued the National Association of Realtors (NAR) in a landmark case over agent commissions. Under the resulting settlement, ...

Eager rate watchers shouldn't jump the gun with Redfin stock.Central bank policy affects all publicly listed U.S. businesses, more or less. Among the more directly affected companies is Redfin, (RDFN -7.86%) which operates a digital residential real estate marketplace.The Federal Reserve sets the federal funds rate, which in turn affects America's mortgage interests rates. After roughly two years of elevated rates, the tide may finally turn in Redfin's favor if the Fed finally starts to reduce interest rate ...