Redfin stock price stood at $7

Redfin stock price stood at $7.76, experiencing mild fluctuations. Housing sector forecasts project gradual stabilization, which could underpin Redfin’s revenue trajectory in the medium term. However, interest rates climbed in response to inflationary pressures, and mortgage demand cooled as a result. Rocket's operating earnings fell sharply, exposing its reliance on cyclical mortgage origination activity. Investors grew skeptical, and the stock struggled to maintain momentum as Rocket's volumes declined. Upon the agreement, Kelman will continue to run Redfin's business, reporting to Rocket Companies CEO Krishna. The current Redfin stock price, $7.84, gained fresh momentum after a brokerage upgrade citing "undervalued growth potential." Market watchers note a 20-day moving average crossover as a possible signal for sustained upside in the housing tech segment.