Redfin Corporation’s (RDFN) Best Days Are Behind It

Insider Monkey12-14

Redfin was once the upstart that stirred the real estate industry with its innovative business model. The company, however, has been fighting to maintain the edge that made it successful in the first ...

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The company, however, has been fighting to maintain the edge that made it successful in the first ...</p>\n\n<a href=\"https://finance.yahoo.com/news/redfin-corporation-rdfn-best-days-185556359.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772923.USD","symbol_name":"CPR Invest - Climate Action A2 Acc USD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/redfin-corporation-rdfn-best-days-185556359.html","article_id":"2491473304","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/.3O4wxX_jFddITX3UNy2Fw--~B/aD0yODcxO3c9NDI2NTthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/insidermonkey.com/9d546a52c60e790b45196093048bab79"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491473304","pubTimestamp":1734116156,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Redfin was once the upstart that stirred the real estate industry with its innovative business model. 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While we acknowledge the potent","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","RDFN":"Redfin Corp","Z":"Zillow","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4588":"碎股","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","BK4551":"寇图资本持仓","BK4585":"ETF&股票定投概念","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4534":"瑞士信贷持仓","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4079":"房地产服务","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","BK4581":"高盛持仓","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","BK4504":"桥水持仓","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4548":"巴美列捷福持仓","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4127":"投资银行业与经纪业","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4516":"特朗普概念","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H"},"translate_title":"Redfin Corporation(RDFN)最好的日子已经过去","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDFN":1,"Z":0.87},"content_text":"Redfin was once the upstart that stirred the real estate industry with its innovative business model. The company, however, has been fighting to maintain the edge that made it successful in the first place. It is starting to resemble just another traditional brokerage, which is why we believe its best days are behind it.\nRedfin Corporation is a technology-powered real estate company offering a full-service platform for buying, selling, and renting homes. The company was founded in 2006 and is headquartered in Seattle, Washington. It stands out in its industry due to technology integration with traditional real estate services, providing customers with a range of solutions at reduced commissions.\nRedfin's major offerings include residential brokerage services, rental listings, mortgage lending, title insurance, and home renovation services. The firm makes money through commissions from the sale of homes, fees from mortgage lending, and other related services. In addition, Redfin runs a popular website and mobile app that attracts millions of users who want to buy or sell homes.\nRedfin serves a diverse customer base, including home buyers, sellers, renters, and real estate investors. The end market is mainly composed of individual and family consumers who seek to buy and sell residential properties across the United States and Canada. Redfin has offices in more than 100 markets and works towards providing technology-enabled solutions to its customers to make real estate buying and selling easier.\nRedfin once stood out in the real estate world, shaking up the traditional brokerage model with its commission-free agents and buyer rebates. But now, these competitive advantages are fast disappearing. The company has done away with buyer rebates and switched to paying agents on a commission basis, which took away its uniqueness. Redfin's market share is falling, and growth in rentals and mortgage products is slower than that of rivals like Zillow.\nThe most recent Q3 results demonstrate Redfin's brokerage performance lagging behind companies like Compass, and this brief run in the stock seems to be more in line with market trends rather than actual business improvement. Worse still, Redfin's web traffic has been dropping while that of one of its peers, Zillow, has been rising. The company's failure to execute the direct home-buying model of RedfinNow demonstrates how these blunders have affected the company's standing.\nWe are bearish on Redfin. It is trying to go back to the old model and failing, and competition is only getting tougher. Shrinking market share, weak financials, and an overhauled business model mean Redfin is looking less like a disruptor and more like another brokerage in a competitive, slowing market.\nRedfin is not on our latest list of the 31 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held RDFN at the end of the second quarter which was 20 in the previous quarter. While we acknowledge the potential of RDFN as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as RDFN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.\nDisclosure: None. This article was originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491473304"}