Boston Condos for Sale and Apartments for Rent
WSJ: ZILLOW, Compass & Redfin Stock down on average 58% since 4/1/21
The Wall Street Journal reported this week that Zillow, Compass and Redfin stock is down 58% since April 2022, compared to the S&P 500 which is up 8% during the same time period.
The WSJ reported that online real estate isn’t worth the risk purchasing these stocks. Recent results from major online real estate players show this isn’t the year to play monopoly with these online brokerage sites for 2022. The WSJ states it doesn’t think these stock’s will have what it takes to have a rebound this year. The reason they don’t think they’ll have a rebound is because nationally there isn’t much inventory to sell.
In this clip below is from The Real Word podcast, Byron and Nicole break down a WSJ article all about how stocks like Zillow, Opendoor and Redfin are performing against the S&P 500.
