Previous Close | 43.25 |
Open | 43.87 |
Bid | 40.86 x 900 |
Ask | 40.96 x 1000 |
Day's Range | 40.12 - 44.54 |
52 Week Range | 34.45 - 124.70 |
Volume | |
Avg. Volume | 4,532,444 |
Market Cap | 10.03B |
Beta (5Y Monthly) | 1.48 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.24 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 52.00 |
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As is the case with many tech stocks, Redfin's decline is partly attributable to the plunge in the Nasdaq-100 index, which is now in a bear market, having lost 28.3% of its value. Selling a home is no simple process, which is why most people engage the expertise of a professional real estate broker and are willing to pay a listing fee as high as 2.5% of the sale price. Most brokers work within small agencies and build a market presence in one specific geographic location, and while this has many benefits, it caps growth potential and makes it hard to create a scalable business.
Yahoo Finance's Julie Hyman breaks down April existing home sales data.
The housing market is as competitive as ever, according to the latest Zillow® Real Estate Market Report.i Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates.