I'm a long time Redfin investor and user. They are slowing chipping away at things, but old habits die hard. The legacy Real Estate industry has a pretty good

I'm a long time Redfin investor and user. They are slowing chipping away at things, but old habits die hard. The legacy Real Estate industry has a pretty good stranglehold on the status quo. From the MLS (Multiple Listing Service), to laws against rebates, to NAR (National Association of Realators), etc. etc. its hard for these new player to do what they want. Redfin still needs Realtors to do its thing, so you will never see a FAANGM style hyper-growth quarter. They have said recently that they could capture a larger share of the market, but they are hamstrung by hiring realtors. They don't want to hire too many and end up in a 2006-08 era where they have to then fire a bunch of them. Until laws and social norms (pay nothing a head of time, realtor does all the work, FSBO = the devil, etc. ) around home selling change I expect the new real estate companies to simply chip around the edges.