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Tag: Redfin

DOYU
Equity News

The Redfin Corporation (RDFN) Has Potential, but It Needs Change

Redfin Corp. (NYSE: RDFN) announced its fourth-quarter 2020 results. Sales continue to grow on the strength of demand for US housing. A double-digit growth rate is expected to return to Redfin in early 2021. Revenue from Redfin was 244.5 million in Q4, a 5% increase year-on-year, well above its estimate released a few months ago. To achieve $886.1 million in revenue, total revenue increased by 14%. Demand for homes in the United States generated significant growth for Redfin during the past quarters. During the COVID-19 pandemic, thousands of Americans have sought a comfortable place to live away from noisy cities