Redfin, headquartered in Seattle, operates an online real estate marketplace and provides services such as brokerage, rentals, and mortgage, employing 4,693 staff since its IPO in July 2017. The company serves over 100 markets in the U.S. and Canada, utilizing technology to assist home buyers and renters.
RDFN has been in the news recently: Redfin reported a significant 186% increase in Google searches for rental homes in Los Angeles as 100,000 residents seek housing after recent wildfires. Additionally, the company noted an 11% decline in homebuyer demand and an 8.4% drop in pending sales due to the impact of the wildfires and rising housing costs.
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