In June 2022, the core Consumer Price Index (CPI) soared to 9.1% on an annualized basis, which marked a 40-year high. It's little surprise, then, that the recent declines in inflation have reignited the share prices of real estate technology companies Redfin (NASDAQ: RDFN) and Zillow Group (NASDAQ: Z)(NASDAQ: ZG). Investors value Redfin at just $640 million right now, so that's a forward price-to-sales ratio of just 0.6 based on that downsized 2023 revenue projection.