Recent housing data shapes Redfin stock forecast toward a slow recovery phase, especially if refinancing activity increases. Many hedge funds added RDFN positions as part of a broader real estate tech thematic play. Shares of Redfin (NASDAQ: RDFN) rose as the online real-estate brokerage benefited from continuing signs that the housing market could be at the early stages of a recovery, following an extended slump after the height of the pandemic. The overall stock score is impacted significantly by financial performance, highlighting Redfinâs financial instability and ongoing losses. While technical analysis suggests short-term bullish momentum, valuation concerns and corporate legal challenges add substantial risk. Technical traders eye Redfin stock forecast with cautious signals; the 50-day moving average has crossed above the 200-day line in pre-July trading, a classic bullish indicator.