Investors have soured on Redfin and Purplebricks — at least for now. Shares of both discount brokerages have taken a dive this year, as the broader housing market has posed a challenge. Even as investors and analysts bet on the longer term prospects of the companies, enthusiasm has dimmed in the the current climate. Seattle-based Redfin has slid about 22 percent this year, though it remains above its $15 IPO price. But the main headwind […]
source https://therealdeal.com/2018/07/31/heres-why-redfin-and-purplebricks-shares-have-been-sliding/
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