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Why Isn't Redfin's Stock Price Higher Right Now?

TheMotleyFool

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Why Isn't Redfin's Stock Price Higher Right Now?Photo, wide shot, wide-angle lens, Hedge fund, neutral atmosphere, photo by Charlie Waite: https://img.theapi.app/temp/95282efd-f725-49c0-be40-aa74627f7ccc.png

The real estate market in the United States is hot right now. Home values are up nearly 15% over the past year, and mortgage rates remain near all-time lows. However, real estate disruptor Redfin (NASDAQ: RDFN) is still nearly 40% off its highs. In this Motley Fool Live video clip, recorded on June 29, Millionacres senior real estate analyst Matt Frankel, CFP, and editor Deidre Woollard discuss what an ideal real estate market might look like for Redfin's business and why the current market isn't necessarily a great one for the company.

Source Fool.com

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