Redfin Q4 revenue drops 25% to $479M as company winds down home-flipping business Redfin’s revenue fell 25% in the fourth quarter amid a housing market slowdown that has hampered its growth over the… Read More
Zillow, Redfin, and the real estate market: 5 trends to watch in 2023 The once high-flying real estate market sputtered in 2022, dragging many real estate tech companies down with it. The sudden… Read More
Is the tech industry impacting Seattle’s cooling real estate market? Seattle’s booming tech economy has altered the regional real estate market over the last decade, with home prices moving steadily… Read More
Redfin CEO: ‘The housing market could get worse’ The U.S. housing market continues to show signs of weakening, impacting Seattle real estate tech companies such as Zillow Group… Read More
Redfin to cut 13% of workforce and shut down home-flipping business RedfinNow Redfin will wind down its home-flipping program RedfinNow and lay off employees for the second time this year as it… Read More
Redfin CEO, DoorDash co-founder invest in new startup building portal for Mexico real estate Seattle startup Far Homes aims to simplify transacting real estate in foreign markets. The company says it looks to take… Read More
Redfin CEO gets into real estate reality TV with spot on new Netflix show ‘Buy My House’ As CEO of Seattle-based real estate company Redfin, Glenn Kelman knows plenty about the realities of the housing market in… Read More
Tech Moves: Accolade hires security chief; Blue Origin comms leader departs; Redfin names industry relations director; and more — Kelli Burns joined Seattle-based healthcare company Accolade as its new chief information security officer. Burns comes from Bellevue, Wash.-based financial… Read More
Redfin misses revenue expectations, citing housing market slowdown Seattle-based online real estate giant Redfin missed expectations for the second quarter amid a slowing housing market impacted by rising… Read More
Redfin laying off 8% of workforce due to ‘market conditions’ as real estate demand cools Seattle real estate company Redfin announced Tuesday that it is cutting about 8% of its workforce, acknowledging that a housing… Read More
Redfin prevails over co-founder in patent trial A federal jury in Texas this week sided with Redfin in a patent lawsuit brought two years ago by Surefield,… Read More
Former Amazon, Peloton exec Ariel Dos Santos joins Redfin as vice president of product Ariel Dos Santos, former vice president of product and technology at Peloton, has joined Seattle real estate giant Redfin as… Read More
Redfin will implement internal fair housing monitoring system in $4M legal settlement Seattle-based real estate company Redfin agreed to pay $4 million and implement a new internal monitoring system to settle a… Read More
Redfin launches rental search, building off $608M acquisition of RentPath Redfin is now offering rental search on its platform, adding to its listings of for-sale homes. The rental search is… Read More
Redfin tops expectations for Q4 with revenue of $643M but stock sinks 13% Redfin on Thursday reported fourth quarter revenue of $643.1 million and a $0.27 loss per share. Analysts expected revenue of… Read More
Redfin will buy Bay Equity Home Loans for $135M in bid to boost mortgage business Seattle real estate giant Redfin announced that it will pay an estimated $135 million in cash and stock to purchase… Read More
Trulia to drop neighborhood crime data from home listings, after Redfin speaks out against practice Trulia, one of Seattle-based Zillow Group’s real estate brands, says it will phase out the use of neighborhood crime data… Read More
Redfin CEO explains how its iBuyer home buying program avoided pitfalls that sunk Zillow Group Zillow Group’s surprising decision this week to back out of iBuying raised questions about the overall viability of the tech-fueled… Read More
Redfin partners with security giant ADT for program that lets buyers tour homes without an agent Tech tools such as video tours have increasingly helped power real estate transactions during the pandemic, decreasing the need for… Read More
Play Episode Podcast The new realities of real estate: Redfin CEO on tech, climate, housing, and the era of ‘a thousand HQs’ Play Redfin CEO Glenn Kelman joins us on this episode of the GeekWire Podcast to discuss the latest twists in the… Read More
Redfin revenue soars 121% in second quarter as net loss grows on RentPath acquisition Seattle real estate brokerage Redfin on Thursday posted second quarter revenue of $471 million, a jump of 121 percent over… Read More
Redfin to include ‘climate risk’ in all listings as Americans consider climate change when buying It’s no longer enough to consider whether you can simply afford a home, or beat out other potential buyers in… Read More
Housing boom: 4,000 Seattle homes sold for at least $100K more than asking price this year A new report from Seattle-based real estate brokerage Redfin found that 4,078 houses in the Seattle region sold this year… Read More
Redfin forecasts record $2.53T in U.S. home sales this year, up 17%, biggest gain since 2013 The news: Seattle-based real estate company Redfin is forecasting record U.S. home sales of $2.53 trillion this year, saying in… Read More
Redfin posts 40% revenue gain, says business ‘hitting on all cylinders’ as housing market booms Redfin first quarter results: The Seattle real estate company saw a 40% surge in revenue in the first quarter, reporting… Read More
iBuying ramps up after pandemic pause and despite hot real estate market for sellers After taking a hit during the beginning of the pandemic, iBuying is ramping up with dozens of companies racing to… Read More
Tech Moves: Startup Haven grows team to lead new fund; PSL promotions; F5 Networks adds execs — Startup Haven, a community for entrepreneurs founded by Seattle startup vet Bob Crimmins, launched an investment fund called Startup… Read More
Zillow Group real estate rival Compass files for IPO, shows $3.7B in revenue for 2020 Real estate brokerage Compass filed for an IPO on Monday. The 8-year-old company reported $3.7 billion in revenue last year,… Read More
Redfin beats Q4 earnings estimates with $244M in revenue and record traffic Redfin beat analyst expectations for its fiscal fourth quarter, reporting revenue of $244.5 million, up 5% year-over-year, and earnings per… Read More
Redfin will pay $608M to acquire RentPath, owner of Rentals.com, Rent.com and ApartmentGuide Redfin is making a major push into the residential home rental market, announcing Friday morning that it is paying $608… Read More
