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Online real estate company Redfin announced that it's reducing its workforce again. This time, 862 employees will be laid off amid the uncertain economic environment.
The real-estate brokerage announced that market conditions were tough and that it was laying off more than 800 employees, in a company-wide memo on Wednesday.
Real-estate company Redfin is laying off a chunk of its staff, soon after the stock took a dive to record lows.
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Redfin has had its struggles, but investors shouldn't disregard this company completely.

Why Redfin Stock Is Falling Hard Today

10:55am, Monday, 07'th Nov 2022
Strong comments and a downgrade from an analyst caused Redfin's share price to plummet.
Shares of Redfin Corp. sank into record-low territory Monday after Oppenheimer' Jason Helfstein recommended investors sell, as he explained why he believed the real estate services company has a flawe
Nick Jones, equity research analyst at JMP securities, joins 'Power Lunch' to discuss Opendoor's warning, the cash needed to navigate near term headwinds and forces needed to normalize the housing mar

Why Redfin Stock Plunged 18% in October

01:50pm, Wednesday, 02'nd Nov 2022
Investors are pessimistic about its prospects amid this tough housing market.
Financial markets have been in turmoil for the better part of the past six months. The stock market has plunged to new lows as the Federal Reserve tightens the screws with rampant interest rate hikes.
With borrowing costs likely to rise further, as the Federal Reserve attempts to control inflation, it's time for investors to consider real estate stocks to sell. I get it. Bearish topics don't appeal

Is Now the Time to Buy Homebuilding Stocks?

05:04am, Sunday, 23'rd Oct 2022
Things are looking very uncertain for one of the largest sectors of the economy right now.
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release third-quarter 2022 results after the stock market closes on Wednesday, November 9, 2022.
Shares of real estate services companies rallied Thursday, after data showing that existing-home sales fell again in September, but managed to beat expectations. Zillow Group Inc.'s stock Z, +2.65% ZG
Shares of Redfin Corp. sank to their lowest level on record Wednesday, after the residential real-estate brokerage reported a sharp drop in September home sales and listings that suggests a housing-ma
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