|Bid||40.86 x 900|
|Ask||40.96 x 1000|
|Day's range||40.12 - 44.54|
|52-week range||34.45 - 124.70|
|Beta (5Y monthly)||1.48|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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.
Yahoo Finance's Julie Hyman breaks down April existing home sales data.
Realtor.com Chief Economist Danielle Hale joins Yahoo Finance Live to discuss the housing and rental markets as higher mortgage rates weigh on home sales.