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The real estate market has been awful, and this technology company has suffered.
Redfin (RDFN 8.49%) recently reported a widening loss in the fourth quarter due to the "dreadful" real estate market. However, some company initiatives are not fully reflected in the numbers yet, and an industry trend could be a major long-term catalyst.
*Stock prices used were the afternoon prices of March 5, 2024. The video was published on March 6, 2024.
Matt Frankel has positions in Redfin. The Motley Fool has positions in and recommends Redfin. The Motley Fool recommends the following options: short May 2024 $8 calls on Redfin. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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