This story originally appeared on Real Estate News. Redfin is cutting ties with the industry’s top trade organization. Early Monday morning, Redfin published an announcement signed by CEO Glenn Kelman and other top… Read More
When Redfin CEO Glenn Kelman briefly spoke with Sam Altman, he warned him to tread lightly when it comes to infusing artificial intelligence into real estate search. “You should be… Read More
Longtime Redfin executive Adam Wiener is leaving the Seattle-based real estate giant, nearly 16 years after he joined the company. Redfin CEO Glenn Kelman announced the news in a memo… Read More
With mortgage rates at 20-year highs and and inventory at record lows, it’s slim pickings for U.S. homebuyers. “It’s dry out there,” said Redfin chief economist Daryl Fairweather. Many would-be… Read More
Redfin and Zillow Group‘s second-quarter earnings reports point to more pain in the real estate market as limited housing supply and climbing mortgage rates throttle transaction volume. Both real estate… Read More
Redfin shares dropped more than 10% in after-hours trading Thursday after the company reported a 21% drop in revenue as it continues to face headwinds from a slumping housing market.… Read More
Seattle real estate giants Zillow Group and Redfin announced a rare syndication partnership Tuesday related to the sharing of new construction listings.
Seattle real estate platform Redfin analyzed migration patterns of Americans in recent years and found high numbers of people moving into, rather than out of, areas at high risk of… Read More
The share of U.S. homebuyers making all-cash purchases hit a decade-high in April, with one-third of buyers bypassing mortgage loan options, according to a Redfin report released Wednesday. All-cash purchases… Read More
Last week’s earnings announcements from Redfin and Zillow Group suggest a prolonged slowdown in housing market activity. Revenue from Redfin’s real estate services division dropped nearly 30% in the first… Read More
The slumping housing market hasn’t been kind to Redfin’s business. But the Seattle real estate giant sees some silver linings. “We wouldn’t wish a housing downturn on anyone, but it… Read More
Glenn Kelman has changed his mind about remote work. The Redfin CEO sent a memo to employees outlining a new hybrid-office policy that requires workers to be back in the… Read More
After predicting that the sluggish housing market had started to rebound in January, Redfin this week blamed real estate market conditions as part of the reason for its latest round… Read More
Redfin laid off 201 employees, or about 4% of its workforce, on Tuesday as it continues to trim expenses in response to the housing downturn and ongoing economic uncertainty. A… Read More
The latest financial reports from Zillow Group and Redfin demonstrate ongoing wariness within the U.S. real estate market. Both companies expect revenue from key business segments to decline year-over-year in… Read More
Redfin’s revenue fell 25% in the fourth quarter amid a housing market slowdown that has hampered its growth over the last year. The Seattle real estate giant reported $479 million… Read More
The once high-flying real estate market sputtered in 2022, dragging many real estate tech companies down with it. The sudden swing pushed companies to cut costs, which included layoffs and… Read More
Seattle’s booming tech economy has altered the regional real estate market over the last decade, with home prices moving steadily upward in the face of low inventory and high demand.… Read More
The U.S. housing market continues to show signs of weakening, impacting Seattle real estate tech companies such as Zillow Group and Redfin. And the trend may continue. “We think that… Read More
Redfin will wind down its home-flipping program RedfinNow and lay off employees for the second time this year as it cuts expenses in response to a slowing housing market. The… Read More
Seattle startup Far Homes aims to simplify transacting real estate in foreign markets. The company says it looks to take advantage of remote workers interested in living in tropical locations.… Read More
As CEO of Seattle-based real estate company Redfin, Glenn Kelman knows plenty about the realities of the housing market in the United States. Now he knows the reality TV version.… Read More
— Kelli Burns joined Seattle-based healthcare company Accolade as its new chief information security officer. Burns comes from Bellevue, Wash.-based financial services company Symetra, where she held the same role. Burns… Read More
Seattle-based online real estate giant Redfin missed expectations for the second quarter amid a slowing housing market impacted by rising mortgage rates. Revenue of $606.9 million, up 29% from the… Read More
Seattle real estate company Redfin announced Tuesday that it is cutting about 8% of its workforce, acknowledging that a housing downturn in the U.S. is hitting the company hard. The… Read More
A federal jury in Texas this week sided with Redfin in a patent lawsuit brought two years ago by Surefield, a Seattle startup that was launched by Redfin co-founder David… Read More
Ariel Dos Santos, former vice president of product and technology at Peloton, has joined Seattle real estate giant Redfin as vice president of product. “Redfin is a product that I’ve… Read More
Seattle-based real estate company Redfin agreed to pay $4 million and implement a new internal monitoring system to settle a lawsuit that alleged its practices discriminated against communities of color.… Read More
Redfin is now offering rental search on its platform, adding to its listings of for-sale homes. The rental search is powered by RentPath, the Atlanta-based company Redfin acquired last year… Read More
Redfin on Thursday reported fourth quarter revenue of $643.1 million and a $0.27 loss per share. Analysts expected revenue of $598 million and loss per share of $0.31. Despite beating… Read More
