Redfin shutting home-flipping business and pares headcount by 13%

Nov. 09, 2022 11:07 AM ETRedfin Corporation (RDFN)Z, HOUS, ZG, OPEN, COMP, OPADBy: Liz Kiesche, SA News Editor4 Comments

Redfin Real Estate Yard Sign Pictures in Seattle

Stephen Brashear

Redfin (NASDAQ:RDFN) is following in Zillow's (Z) (ZG) steps by shutting its iBuying business, as home prices drop with the surge in mortgage rates. Its shares slid 8.9% in Wednesday morning trading.

The move is part or a

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