Stock Track | Redfin (RDFN) Plunges 10.34% on Disappointing Q4 Results and Florida Housing Woes

Stock Track

Feb 28, 2025

Redfin Corp (RDFN) experienced a significant 10.34% plunge in its stock price during Thursday's intraday trading session, following the company's release of disappointing fourth-quarter 2024 earnings results and concerns over the worsening housing market conditions in Florida, one of its key markets.

The real estate technology company reported a quarterly adjusted loss of 29 cents per share, missing analyst estimates of a 24-cent loss. Despite revenue coming in slightly above expectations at $244.3 million, Redfin's adjusted EBITDA of $2.9 million fell short of the consensus estimate of $4.75 million.

The earnings miss was exacerbated by Redfin's report that Florida experienced a record high level of homes for sale in January 2025, with inventory surging 22.7% year-over-year to 172,209 homes. This surge can be attributed to several factors:

An influx of newly built homes for sale, as Florida has been building more homes than most states.
Intensifying natural disasters, which have caused home insurance costs to skyrocket, prompting some homeowners to leave the state.
A cooling in homebuyer demand, with pending home sales in Florida declining 9.3% year-over-year in January.
A surge in condo inventory due to new regulations aimed at ensuring structural soundness, leading to soaring HOA fees.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1139472570"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1139472570\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1139472570?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-28 12:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1139472570","market":"hk","top_or_hot":-1,"title":"Stock Track | Redfin (RDFN) Plunges 10.34% on Disappointing Q4 Results and Florida Housing Woes","media":"Stock Track","content":"<p>Redfin Corp (RDFN) experienced a significant 10.34% plunge in its stock price during Thursday's intraday trading session, following the company's release of disappointing fourth-quarter 2024 earnings results and concerns over the worsening housing market conditions in Florida, one of its key markets.</p>\n\n<p>The real estate technology company reported a quarterly adjusted loss of 29 cents per share, missing analyst estimates of a 24-cent loss. Despite revenue coming in slightly above expectations at $244.3 million, Redfin's adjusted EBITDA of $2.9 million fell short of the consensus estimate of $4.75 million.</p>\n\n<p>The earnings miss was exacerbated by Redfin's report that Florida experienced a record high level of homes for sale in January 2025, with inventory surging 22.7% year-over-year to 172,209 homes. This surge can be attributed to several factors:\n<ul>\n    <li>An influx of newly built homes for sale, as Florida has been building more homes than most states.</li>\n    <li>Intensifying natural disasters, which have caused home insurance costs to skyrocket, prompting some homeowners to leave the state.</li>\n    <li>A cooling in homebuyer demand, with pending home sales in Florida declining 9.3% year-over-year in January.</li>\n    <li>A surge in condo inventory due to new regulations aimed at ensuring structural soundness, leading to soaring HOA fees.</li>\n</ul>\n</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Redfin (RDFN) Plunges 10.34% on Disappointing Q4 Results and Florida Housing Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Redfin (RDFN) Plunges 10.34% on Disappointing Q4 Results and Florida Housing Woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-28 12:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Redfin Corp (RDFN) experienced a significant 10.34% plunge in its stock price during Thursday's intraday trading session, following the company's release of disappointing fourth-quarter 2024 earnings results and concerns over the worsening housing market conditions in Florida, one of its key markets.</p>\n\n<p>The real estate technology company reported a quarterly adjusted loss of 29 cents per share, missing analyst estimates of a 24-cent loss. Despite revenue coming in slightly above expectations at $244.3 million, Redfin's adjusted EBITDA of $2.9 million fell short of the consensus estimate of $4.75 million.</p>\n\n<p>The earnings miss was exacerbated by Redfin's report that Florida experienced a record high level of homes for sale in January 2025, with inventory surging 22.7% year-over-year to 172,209 homes. This surge can be attributed to several factors:\n<ul>\n    <li>An influx of newly built homes for sale, as Florida has been building more homes than most states.</li>\n    <li>Intensifying natural disasters, which have caused home insurance costs to skyrocket, prompting some homeowners to leave the state.</li>\n    <li>A cooling in homebuyer demand, with pending home sales in Florida declining 9.3% year-over-year in January.</li>\n    <li>A surge in condo inventory due to new regulations aimed at ensuring structural soundness, leading to soaring HOA fees.</li>\n</ul>\n</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RDFN","symbol_name":"Redfin Corp","start_time":0,"source_url":"","article_id":"1139472570","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139472570","pubTimestamp":1740715244,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Redfin Corp  experienced a significant 10.34% plunge in its stock price during Thursday's intraday trading session, following the company's release of disappointing fourth-quarter 2024 earnings results and concerns over the worsening housing market conditions in Florida, one of its key markets.The real estate technology company reported a quarterly adjusted loss of 29 cents per share, missing analyst estimates of a 24-cent loss. Despite revenue coming in slightly above expectations at $244.3 mil","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RDFN":"Redfin Corp"},"translate_title":"股票跟踪Redfin(RDFN)因第四季度业绩令人失望和佛罗里达州住房问题而暴跌10.34%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDFN":1},"content_text":"Redfin Corp (RDFN) experienced a significant 10.34% plunge in its stock price during Thursday's intraday trading session, following the company's release of disappointing fourth-quarter 2024 earnings results and concerns over the worsening housing market conditions in Florida, one of its key markets.\nThe real estate technology company reported a quarterly adjusted loss of 29 cents per share, missing analyst estimates of a 24-cent loss. Despite revenue coming in slightly above expectations at $244.3 million, Redfin's adjusted EBITDA of $2.9 million fell short of the consensus estimate of $4.75 million.\nThe earnings miss was exacerbated by Redfin's report that Florida experienced a record high level of homes for sale in January 2025, with inventory surging 22.7% year-over-year to 172,209 homes. This surge can be attributed to several factors:\n\nAn influx of newly built homes for sale, as Florida has been building more homes than most states.\nIntensifying natural disasters, which have caused home insurance costs to skyrocket, prompting some homeowners to leave the state.\nA cooling in homebuyer demand, with pending home sales in Florida declining 9.3% year-over-year in January.\nA surge in condo inventory due to new regulations aimed at ensuring structural soundness, leading to soaring HOA fees.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}