Articles about Redfin

Redfin CEO addresses ‘painful’ restructuring; stock dips 11% after Q4 earnings miss expectations

This story originally appeared on Real Estate News. Redfin closed out 2024 with a healthy bump in revenue, but profits… Read More

Could Zillow buy Redfin? New rentals partnership brings real estate rivals closer together

Zillow Group and Redfin are long-time competitors. So when the Seattle-based real estate technology giants announced a key partnership earlier… Read More

Redfin to lay off 450 employees after inking new rentals partnership with Zillow Group

This story originally appeared on Real Estate News. While a new listings partnership between Redfin and Zillow is expected to benefit… Read More

Redfin sees uptick in downtown Seattle apartment rents, and watches for further Amazon effect

The median asking rent for an apartment in downtown Seattle rose for the first time in 17 months, according to… Read More

Redfin lays off 46 employees in latest cuts at Seattle real estate company

Redfin laid off 46 employees on Thursday, in another round of job cuts at the Seattle-based real estate company. A… Read More

Zillow adds climate risk data to its real estate listings

Real estate listings on Zillow now include details about a property’s climate risks and whether natural disaster insurance is critical… Read More

‘It’s Twilight Zone’: Redfin CEO befuddled at housing market as sales stay slow despite lower rates

It’s not often that the phrases “urine” and “blood” make it on to a public company’s earnings call with analysts.… Read More

Destination Spokane: How remote work and new arrivals are changing one tech community

SPOKANE, Wash. — The “great migration” got a head start here. Long before the rise of remote work spurred many… Read More

Redfin rolls out new AI assistant tool that answers homebuyer questions

Redfin wants to help answer homebuyer questions in a more efficient way with the assistance of AI. The real estate… Read More

Redfin trims losses in Q4 as it navigates ‘dreadful’ housing market

Redfin shares were down more than 2% in after-hours trading after the company reported its fourth quarter earnings. Related: Redfin… Read More

Redfin AI tool allows home shoppers to virtually redesign rooms

[This story originally appeared on Real Estate News.] Imagining what a home might look like can be tough for would-be buyers. However, a… Read More

Tech Moves: AWS community head departing; Pfizer exec joins Truveta board; UW Medicine names CEO

— Emily Freeman, head of community for Amazon Web Services, is departing. “It’s been an incredible few years and I’ve… Read More

Redfin ready for a ‘revolution’ after commissions verdict

[This story originally appeared on Real Estate News.] Redfin is on the “right side of history” in the wake of the… Read More

Redfin revenue dips 12% in Q3 to $269M as it navigates slow housing market

Redfin met expectations for its third quarter earnings report with $269 million in revenue, down 12% year-over-year, and a net… Read More

Podcast

Inside the AI Revolution: Tech execs on the new realities for software, startups, and the future

This week on the GeekWire Podcast, we’re featuring a panel discussion from the recent GeekWire Summit in Seattle, with three… Read More

Redfin leaves the National Association of Realtors: ‘Enough is enough,’ Glenn Kelman says

This story originally appeared on Real Estate News. Redfin is cutting ties with the industry’s top trade organization. Early Monday morning,… Read More

Redfin CEO recounts encounter with OpenAI’s Sam Altman to warn about impact of AI on housing tech

When Redfin CEO Glenn Kelman briefly spoke with Sam Altman, he warned him to tread lightly when it comes to… Read More

Adam Wiener, Redfin president of real estate services, is departing

Longtime Redfin executive Adam Wiener is leaving the Seattle-based real estate giant, nearly 16 years after he joined the company.… Read More

Redfin’s chief economist on the real estate market; mortgage rates; climate risk; housing affordability

With mortgage rates at 20-year highs and and inventory at record lows, it’s slim pickings for U.S. homebuyers. “It’s dry… Read More

Zillow and Redfin earnings reports reflect slumping real estate market

Redfin and Zillow Group‘s second-quarter earnings reports point to more pain in the real estate market as limited housing supply… Read More

Redfin shares sink 10% as CEO says housing market sales volume is ‘near rock bottom’

Redfin shares dropped more than 10% in after-hours trading Thursday after the company reported a 21% drop in revenue as… Read More

Real estate rivals Zillow and Redfin partner to share new construction listings

Seattle real estate giants Zillow Group and Redfin announced a rare syndication partnership Tuesday related to the sharing of new… Read More

Real estate data: Americans flocking to areas at high risk of fires, floods and extreme heat

Seattle real estate platform Redfin analyzed migration patterns of Americans in recent years and found high numbers of people moving… Read More

One-third of home sales are all-cash, the highest level in a decade, amid rising mortgage rates

The share of U.S. homebuyers making all-cash purchases hit a decade-high in April, with one-third of buyers bypassing mortgage loan… Read More

What Redfin and Zillow earnings say about the state of the housing market

Last week’s earnings announcements from Redfin and Zillow Group suggest a prolonged slowdown in housing market activity. Revenue from Redfin’s… Read More

Redfin CEO says housing downturn made real estate giant ‘leaner, hungrier and better’

The slumping housing market hasn’t been kind to Redfin’s business. But the Seattle real estate giant sees some silver linings.… Read More

‘Some people will quit over this decision’: Read Redfin CEO’s memo on back-to-office mandate

Glenn Kelman has changed his mind about remote work. The Redfin CEO sent a memo to employees outlining a new… Read More

Redfin’s latest layoffs come a few months after it said housing market had started to recover

After predicting that the sluggish housing market had started to rebound in January, Redfin this week blamed real estate market… Read More

Redfin lays off 201 employees as housing market continues to retrench

Redfin laid off 201 employees, or about 4% of its workforce, on Tuesday as it continues to trim expenses in… Read More

Redfin and Zillow Group financial reports reveal broader housing market trends

The latest financial reports from Zillow Group and Redfin demonstrate ongoing wariness within the U.S. real estate market. Both companies… Read More