This Unstoppable Stock Is Up 41% in July, but It's Not Too Late to Buy

It crimped consumers' borrowing power, and it also forced existing homeowners to rethink their plans to sell, because they would have to give up their low fixed-rate mortgage to take on a much higher rate when buying a new property. Those factors slowed the housing market to a crawl. The most recent U.S. existing home sales data (May 2024) reported 4.1 million annualized units, which is down 37% from the 2021 peak of 6.6 million. Up until the end of 2022, Redfin generated half of its revenue from its iBuyin ...