Why I Still Like Redfin Better Than Zillow and Opendoor
Redfin (NASDAQ: RDFN) stock took a much-needed breather after its fourth-quarter 2020 update (share prices are down nearly 40% from all-time highs in February as of this writing), but growth will get off to a good start in the first quarter per management's outlook. In fact, as the economy begins to reopen, Redfin could be a big beneficiary. Granted, so will its much larger peer Zillow Group (NASDAQ: ZG)(NASDAQ: Z) and fellow tech upstart Opendoor Technologies (NASDAQ: OPEN), but neither convinced me on their Q4 updates they were a better bet than Redfin is at this juncture.
First, I'd like to acknowledge Redfin's two partners in disruption of the real estate status quo. Zillow in many ways got this party started with its internet and media business helping connect home buyers and sellers to an agent, and its core business grew at a rapid pace to end 2020 -- as did its leading complementary services like Zillow Mortgage. This is the largest of the three companies I'm discussing here and likely will be for some time.
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Source Fool.com
