Redfin’s Rout Is Overblown

Photo by Chris Gerber on Unsplash

Zillow is up 14% on massive earnings, meanwhile Redfin is down 5.5% even though it also managed to beat — just not quite as substantially.

I think the market is overreacting here, dinging Redfin by way of comparison. As an investor in both, I think this could offer a buying opportunity. The market will eventually step back and take the broader view, and it’s probably worth getting in as the weaker hands run for the…