Why's everybody buying RDFN? Where's Soes? I bet he's not falling for this POS. Nor am I. I gotta look into this. more to follow edit... Ahhhh... takeover material. hmmmm Very low barriers to entry as these things go. I'm not a believer.
OK this was a recent IPO... pardon my unfamiliarity with the stock.... just digging deeper. (Thinking out loud doing work for for Mobey.) Well it least it has options on it. Based out of Seattle, so there's probably some deep pockets involved. Zillow is a competitor. Its in the hot residential markets that for sure. 1.5% MLS fee's Digging deeper... They offer mortgages? http://www.nasdaq.com/press-release/redfin-mortgage-expands-to-illinois-20171016-00838 Hmph Certainly one for the radar. Opinions? Gotta protect the whales ya know.... Here's the lowdown. https://finviz.com/quote.ashx?t=rdfn Interesting 2B sure.
I've used Redfin for a couple residential sales and purchases, I would absolutely use them again as they're cheap and accommodating. Just my 2 cents...
Redfin, Disrupting Real Estate, Stands Above Its Peers https://www.benzinga.com/analyst-ra...disrupting-real-estate-stands-above-its-peers William Blair said in an initiation report Thursday Redfin Corp (NASDAQ: RDFN) is poised to benefit from secular trends and industry disruption. As such, the firm initiated coverage of Redfin with an Outperform rating. At time of writing, shares of Redfin were slipping 0.73 percent to $25.89. Analysts Brandon Dobell and Joshua Lamers said the gradual regulatory and lending standard changes, demographic and household formation trends, and persistent job growth should support healthy residential housing activity. That said, the analysts expect volume growth to be only modest. See also: How to Start Investing In Real Estate William Blair sees the technology-based alternative, and 100 percent commission types brokerages to continue to put pressure on traditional brokers. Over the long run, the firm expects the market to bifurcate into high- and low-touch offerings, with commission structures reflecting consumers' perception of value added by realtors. The firm said Redfin offers a compelling value proposition for consumers, with its focus on market share gains in residential market through technology, Internet marketing and discounted/low commission structures to attract potential home buyers and sellers. "Continual platform innovation is designed to decrease transactional friction, create consumer loyalty to the brand, and increase lead agent productivity and corporate profitability," the firm added. On valuation, the firm said investors will pay a sustained premium for Redfin due to its growth trajectory, disrupter status and potential to be a much larger company, with a wider competitive moat.