Redfin's Quarterly Update Hints That Americans Are Gearing Up for Mass Migration

While 2020 has been a wild ride for many businesses, it's been especially so for the real estate brokerage industry. Redfin (NASDAQ: RDFN), in particular, has experienced huge swings in activity on its tech-driven home buying platform. In its second-quarter earnings report, CEO Glenn Kelman said that demand swung from down 41% year over year during the spring's peak coronavirus shutdown to up 40% currently.