Redfin (NASDAQ: RDFN) straddles the market sectors of real estate, finance, and technology -- including artificial intelligence (AI), as Chief Executive Officer Glenn Kelman emphasized in the company's latest earnings call. As a result, Redfin's shareholders are subject to the vicissitudes of several industries.

That's all fine and well until one or more of those industries comes under extreme pressure. Kelman can talk about AI until he's blue in the face, but it won't negate the impact of the Federal Reserve's higher-for-longer interest rate policy or the ultra-tight U.S. housing market.

Indeed, even Kelman had to acknowledge that the U.S. housing market has been less than ideal. Still, after a steep pandemic-propelled share price pop followed by an even more pronounced drop, maybe there's a turn-the-corner opportunity for Redfin and its suffering investors.

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Source Fool.com