RDFN : Bullish and Bearish Analyst Opinions

"Sellers are kind of slow to catch up and a little bit in denial about reality... Pending home sales are declining and the homes that are selling are taking more than two months to find a buyer." Real estate tech companies (Redfin, Zillow, Opendoor) are volume-dependent businesses. They need transactions to occur to generate fees/ad revenue. A market characterized by a "standoff" between delusional sellers and rate-locked buyers results in transaction stagnation. AVOID. Without a surge in transaction volume (which requires lower rates or capitulating sellers), these stocks lack a growth catalyst. A sudden drop in mortgage rates (below 6%) could unleash pent-up demand.