Down 76%, Is Redfin Still a Buy?
Real estate tech company Redfin (NASDAQ: RDFN) has taken quite the beating, falling 76% over the past year. Today's market volatility and the recent tech market crash have put its share price on a serious sale, but does today's discount make Redfin a buy? Here's a closer look.
Image source: Redfin press release.
Redfin is a full-service listing platform that offers a suite of services to help buyers and sellers in the home buying or sale process. In addition to allowing people to search or list a home for sale, its site can also connect customers with a Redfin agent who charges lower fees than a traditional Realtor, get a home loan or close on a property through its title or mortgage services, or get an instant offer to purchase a home through its iBuying arm, Redfin Now.
Source Fool.com
