Reported 22 days ago
As the U.S. 30-year fixed mortgage rate drops to 6.2%, the housing market is expected to improve, presenting an opportunity to invest in Redfin (NASDAQ: RDFN). This real estate technology stock has surged 32% in 2024 and focuses on higher-margin services after moving away from risky iBuying practices. Despite still being down significantly from its all-time high, analysts predict further upside as interest rates decline, making now a favorable time to consider adding Redfin to investment portfolios.
Source: YAHOO