Real estate tech companies Opendoor and Redfin face declines since pandemic peaks; Redfin reports profits and may benefit from lower interest rates.

Opendoor Technologies and Redfin are real estate tech companies facing significant declines since their pandemic highs. Both aim to simplify home transactions, with Opendoor as a home flipper and Redfin as an online brokerage. Redfin recently reported profits and is better positioned to benefit from lower interest rates and a potential NAR settlement. Investors may find Redfin a more favorable option for capitalizing on a housing market recovery, though both stocks offer upside potential.

September 01, 2024
4 Articles

Further Reading