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Real-estate sector ‘at the tipping point’ prompts stock analyst to flip his ratings

Bloomberg News/Landov
A Redfin “For Sale” sign stands outside of a home in Seattle. The company has a very slim market share now, but some Wall Street analysts think that represents room for growth.

Real estate is changing.

That’s the conclusion of John Campbell, a Stephens stock analyst who’s spent some time recently searching his soul about the industry he covers.

To be fair, Campbell’s precise comments, in a note released Monday, were a bit more nuanced: “While consumers have been ready to embrace change, we do not believe that there was enough of a coordinated effort to deliver on that desire for change in the past,” he acknowledged.

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