Which Online Real Estate Marketplace Stock is a Better Buy? By StockNews
© Reuters. Redfin vs. Zillow: Which Stock of Online Real Estate Marketplace is a Better Buy?
There is likely to be strong demand for the real estate market in 2022 as well. With this in mind, I am analyzing and comparing today Red fins Corporation (NASDAQ 🙂 and Zillow Group (NASDAQ 🙂 (Z) to see which is the better buy now. The COVID-19 pandemic has accelerated demand in the housing market due to low interest rates and Fed incentives. Despite declining economic impulses, the real estate industry is likely to continue to experience strong demand when there is a shortage of supply. According to a study by Realtor.com, the US is short of 5.24 million homes. The high demand in the industry is evidenced by the growth of the iShares US Real Estate ETF (IYR) of 29.5% since the beginning of the year.
With that in mind, today I will analyze and compare the Redfin Corporation (RDFN) and the Zillow Group, Inc. (Z). Founded in 2002, RedFin provides real estate brokerage services in the United States and Canada. In addition, the company operates an online real estate marketplace, which allows lower listing and commission fees to be charged due to economies of scale. This orientation towards digitization has spurred the company on to significant growth over the past five years.
Zillow, headquartered in Seattle, Washington, is a digital real estate company offering real estate brands on mobile apps and websites in the United States. It operates in three different segments: Home, Internet, Media and Technology, and Mortgages.
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