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Redfin

Tech stocks soar in 2020 amid pandemic as Seattle-area companies see valuations spike

2020 was a big year for big tech on Wall Street. Despite parts of the economy shuttering due to COVID-19,… Read More

Holiday parties in a pandemic: Tableau orders 3,500 meals to go; Smartsheet serenaded virtually; more

Looking for a way to celebrate the holiday season with employees while also injecting some much-needed support into the Seattle restaurant… Read More

Redfin expands RedfinNow to Seattle and Bay Area in new litmus test for iBuyer service

Redfin will launch its iBuyer service RedfinNow in Seattle and the Bay Area in the latest expansion of the company’s… Read More

With deep roots in Seattle, real estate brokerage Compass reportedly eyes IPO

Heavily-funded real estate brokerage Compass hired Morgan Stanley and Goldman Sachs to lead an initial public offering next year, according… Read More

Redfin

‘This is big,’ Redfin says as Department of Justice moves to make buyer agent commissions public

Seattle-based real estate tech company Redfin is applauding action taken by the U.S. Department of Justice on Thursday against the… Read More

‘Simply put, people want to move’: Zillow and Redfin rebound as U.S. housing market surges again

The U.S. housing market is making a comeback — and that’s good news for online real estate giants Zillow Group… Read More

Redfin beats Q3 estimates but stock dips; CEO says company’s tech is a ‘passport to a new life’

Redfin beat analyst expectations for its fiscal third quarter, reporting revenue of $236.9 million and earnings per share of $0.32.… Read More

Redfin sale sign

Fair housing groups file federal lawsuit accusing Redfin of ‘redlining’ minority communities

Seattle-based real estate tech company Redfin is facing allegations of discriminatory pricing practices and “redlining” in a lawsuit filed by… Read More

Zillow cuts 80 Zillow Offers jobs, adjusting its approach in field offices as it eyes expansion

Zillow has cut about 80 positions from its Zillow Offers homebuying and selling operation, streamlining its management structure in some… Read More

Seattle-area companies join ‘The Board Challenge,’ pledging to add Black directors within 12 months

Seattle-area tech companies are joining a national movement to increase the diversity on U.S. corporate boards of directors by adding… Read More

Tech Moves: Leafly names CEO; early Amazon exec departs; Microsoft vet named DocuSign CTO; ex-Vicis CEO lands new gig; more

— Leafly General Counsel Yoko Miyashita will take over as chief executive officer from outgoing CEO Tim Leslie. Miyashita joined… Read More

Redfin CEO says strength of housing market ‘almost feels eerie’ amid economic and health crisis

It’s been a crazy year for Redfin, to say the least. The Seattle real estate company laid off 7% of… Read More

Real estate giant Redfin beats Q2 estimates with $214M in revenue; CEO says ‘we’re inside a tornado’

Seattle-based real estate company Redfin topped Wall Street estimates for its second quarter earnings, reporting $214 million in revenue, up… Read More

Redfin data shows more homeowners looking to move out of Seattle and San Francisco

A combination of record-low mortgage rates, remote work policies, and other factors are driving homeowners in cities such as Seattle… Read More

Redfin and Zillow resume home-buying businesses in scattered markets, citing real estate rebound

Seattle-based real restate company Redfin is resuming its RedfinNow home-buying business in four additional markets, the company announced Friday, continuing… Read More

Zillow survey forecasts suburban boom as remote workers flee pricey cities in search of bigger homes

The Seattle real estate tech companies that have spent the past several years reporting on how attractive and hot tech… Read More

Redfin co-founder sues company for alleged patent infringement over 3D home tour technology

One of Redfin’s co-founders is suing the high-tech real estate brokerage for patent infringement and intellectual property theft, alleging that… Read More

Boise or Bozeman bound? Redfin CEO predicts big shift to smaller cities as remote work takes hold

The rush to crowd into cities to be closer to tech jobs could be a thing of the past in… Read More

Redfin posts $191M in Q1 revenue; CEO says tech will help real estate giant navigate COVID-19 crisis

Redfin is leaning on technology as it adapts amid the global pandemic. The Seattle real estate company posted its first… Read More

Podcast

GeekWire Podcast: Expedia’s lifeline; Bill Gates on life after lockdown; Pivoting in a pandemic

Here’s what we’re talking about this week on the GeekWire Podcast. “Picture restaurants that only seat people at every other… Read More

Redfin Chairman Robert Mylod replaced by David Lissy; Mylod remains on board

Seattle real estate giant Redfin on Friday appointed David Lissy to be its new board chairman. Former chairman Robert Mylod,… Read More

Should you buy or sell a home during the pandemic? Here’s what Redfin’s CEO advises

Buyers, seek opportunity. Sellers, hold off. That’s the advice from Redfin CEO Glenn Kelman as questions swirl about the real… Read More

This week: ‘Pivoting During a Pandemic,’ with Redfin’s Glenn Kelman and Tokki’s Jane Park, a GeekWire member-exclusive virtual event

How can business and tech leaders navigate the economic fallout from COVID-19 and emerge stronger on the other side? One… Read More

Redfin lays off 7% of staff, furloughs hundreds of agents due to COVID-19 impact on housing demand

Redfin will cut 7% of its staff and furlough hundreds of agents due to decreased housing demand amid the COVID-19… Read More

Redfin sells $110M of stock to Durable Capital Partners amid COVID-19 crisis

Redfin is getting some financial support as the Seattle real estate company navigates through the COVID-19 crisis. The company sold… Read More

Redfin’s coronavirus response: CEO forgoes salary for 2020; agent base pay increases; and more

Redfin is making adjustments amid the COVID-19 crisis and uncertainty surrounding the real estate market. The Seattle real estate company… Read More

Redfin shares tips for ‘Selling Homes in a Virtual World’ to address COVID-19 real estate concerns

More people may be turning to virtual experiences when it comes to buying and selling homes during the coronavirus outbreak,… Read More

Redfin

RedfinNow pauses making offers on homes as CEO says housing market has taken ‘turn for the worse’

Seattle-based real estate company Redfin announced Wednesday that RedfinNow, an arm of its business that buys homes directly from homeowners and… Read More

Shares of Seattle tech companies sink as stock market sees worst drop since 2008

Fears over the novel coronavirus outbreak and an oil price war led to the worst day for U.S. stocks since… Read More

Coronavirus: Will it slow Seattle’s housing market or create a ‘sense of urgency’ among buyers?

It’s the beginning of prime house-hunting season in Seattle, but a cloud of uncertainty sits over the market due to… Read More

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