Redfin

Layoffs and Acquisitions on the Horizon for Redfin

January 13th, 2022
Redfin is reshaping its mortgage business in 2022. The Seattle-based company announced on Jan. 11, that it has agreed to acquire Bay Equity Home Loans, a national, full-service mortgage lender, in a cash and stock transaction worth $135 million. According...

Where Is iBuying Headed?

January 18th, 2022
Is iBuying here to stay? Over the past two years, that’s been a popular question as industry pundits debated the future of large-scale algorithmic home-flipping in real estate during a time where tech and innovation were on the rise. Real...

Redfin Beats Revenue, Projects iBuying, Rental Growth

February 18th, 2022
Redfin stock plummeted in after-hours trading even though the real estate behemoth beat projections for revenue in its Q4 earnings report, taking in $643.1 million, though the company reported a decrease in its real estate services gross profit and gross...

MLS: The Opportunities and Pitfalls of a New Environment

April 19th, 2022
Real estate is still local, and real estate is still about relationships and human connection. These truisms—understood more than a century ago when the telephone was still a novel concept—absolutely hold up today against a technologically superpowered landscape of wireless...

Redfin Seals Its Deal for Bay Equities

April 20th, 2022
Redfin has completed its big-ticket purchase of Bay Equity Home Loans. The Seattle-based real estate tech company confirmed its $137.8 million acquisition of the national full-service mortgage lender in an all-cash transaction. According to company executives, the deal is expected...
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