Redfin: Trapped In Bad Conditions
RDFNRedfin(RDFN) Seeking Alpha·2024-08-08 04:58
Sundry Photography Amid recent market turmoil, the real estate industry has still been unable to claw back from several years of post-pandemic softness. High-interest rates continue to eat away at both buyers' affordability and sellers' willingness to move, creating a unique world in which very few homes are changing hands. Against this backdrop, Redfin (NASDAQ:RDFN) has slashed costs and dramatically updated its business strategy. But so far, we have yet to see meaningful results. The brokerage company ...