We have 3k annual loss tax deduction right? Is Redfin ever going to bump back?
Redfin has no competitive advantage, isn’t an innovator, and is in a bad economic environment. It’ll get worse for them before it gets better. In reality, new startups are likely to overtake Redfin/Zillow just as they overtook Realtor etc. New environment and they are too big to adjust.
I disagree.
Probably will make a good run in 24 with rates coming down and house buying frenzy up
It’s up 5% today. 50% in last 1 month
How do the recent lawsuits on high agent fees impact sites like Redfin?
In the short-term, I’d say not at all. In the longer term, I’d predict a race to the bottom as the space gets commodified.