News

Check out market updates

“We are not ending the year market-wide with a bang but with a whimper:” Redfin profits tumble

Redfin’s net income tumbled 67 percent year-over-year, as the discount brokerage grapples with what its leader described as a residential market in “temporary retreat.” Net income was for the third quarter was $ 3.5 million, down from $ 10.6 million in the third quarter of 2017. Total revenues, however, were up 28 percent year-over-year, to $ 140.3 million from $ 109.5 million. Redfin’s stock fell on Thursday after the firm reported lower guidance for the fourth quarter; the company […]


The Real Deal New York

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>