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: Compass has filed a lawsuit against Zillow, alleging that its 'Zillow Ban' limits home listings and violates antitrust laws. Meanwhile, the U.S. housing market experienced its slowest existing-home sales in May since 2009, attributed to high mortgage rates and record prices.
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