[VIP] Redfin, Q3/2019: Nice Rebound, And Yet…

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Redfin's Q3 results showed a solid rebound from a rather disappointing Q2. It looks great all around, with revenues, profit, market share, etc. all up and up very healthy. Agent productivity is up, traffic is up, and Redfin Now is a $80 million business in Q3. So all in all, a very nice rebound.

There is, however, a lingering shadow over all the good news, and there are a couple of details from the earnings call that are worth calling out and examining a bit. Let's do that, shall we?
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