Redfin

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...

Redfin Partners with Constellation1 to Power Market Expansion

April 22nd, 2022
Constellation1 has announced that it has been selected by Redfin to provide MLS data delivery and processing via the Constellation1 Real Estate Data APIs. The deal reinforces the commitment of Constellation1 to providing top-tier data quality and services to brokerages,...

Redfin Settles Fair Housing Lawsuit, Changes Practices

May 4th, 2022
Real estate giant Redfin last Friday settled a significant fair housing lawsuit brought by almost a dozen advocacy organizations, paying $4 million and agreeing to change its practices around how it sets minimum price points in communities, which allegedly discriminated...

‘Pugnacious’ Kelman Hits Back On Lawsuit, Talks Market Distress

May 6th, 2022
On a mixed Q1 earnings call where his company beat revenue targets while also seeing its net losses continuing to grow, and in the shadow of a recently settled lawsuit related to alleged fair housing violations, Redfin CEO Glenn Kelman...

Buzzing 2021 Market Helps Real Estate Companies Join the Fortune 500

May 25th, 2022
Coming off one of the best years in real estate history, several companies that capitalized on 2021’s tailwinds made their way onto the 2022 Fortune 500. The list, released Monday, ranked companies by their revenues in their fiscal year of...

Redfin, Compass Announce Major Layoffs

June 14th, 2022
In a surprise post on the company’s website, Redfin CEO Glen Kelman announced today the company will be laying off 6% of its workforce across all its businesses—amounting to about 470 employees, according to a Redfin spokesperson. In a blunt,...

Redfin CEO Singles Out iBuying Success During Earnings Report

November 8th, 2021
The real estate industry is still unpacking the news that Zillow is bowing out of the tech-fueled glut for houses. However, the tech giant’s rivals are singing a different tune for their iBuying future. That was the case for Seattle-based...

Giving Consumers What They Want: Reliable Market Information

December 24th, 2021
Most real estate professionals find it challenging to applaud the impact Zillow, Trulia and Redfin have had on the industry. One thing these companies have done exceptionally well is create an effortless way for consumers to monitor real estate activity...
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