1 Nasdaq Growth Stock Down 89% to Buy Now and Hold

As is the case with many tech stocks, Redfin's decline is partly attributable to the plunge in the Nasdaq-100 index, which is now in a bear market, having lost 28.3% of its value. Selling a home is no simple process, which is why most people engage the expertise of a professional real estate broker and are willing to pay a listing fee as high as 2.5% of the sale price. Most brokers work within small agencies and build a market presence in one specific geographic location, and while this has many benefits, it caps growth potential and makes it hard to create a scalable business.