We’re going to miss Glenn Kelman’s earnings calls. Redfin’s CEO, who last week announced a $1.75 billion deal to sell the tech-driven real estate company to Rocket Companies, has a… Read More
This week on the GeekWire Podcast, we discuss the big real estate technology news of the week: Rocket Companies, the mortgage, real estate and personal finance platform, is buying Redfin,… Read More
Rocket Companies’ planned $1.75 billion acquisition of Seattle-based brokerage Redfin sparked questions about a potential competitive threat to fellow Seattle real estate company Zillow Group, another key player in the… Read More
Follow-up: Zillow responds to Rocket’s planned $1.75B acquisition of Redfin Rocket Companies agreed to acquire Seattle-based Redfin in a $1.75 billion deal that will bring together the nation’s largest mortgage… Read More
This story originally appeared on Real Estate News. Redfin closed out 2024 with a healthy bump in revenue, but profits were lower as the company continues to adjust to its… Read More
Zillow Group and Redfin are long-time competitors. So when the Seattle-based real estate technology giants announced a key partnership earlier this month, it got us thinking: could the companies join… Read More
This story originally appeared on Real Estate News. While a new listings partnership between Redfin and Zillow is expected to benefit both companies in the long run, it comes at a… Read More
The median asking rent for an apartment in downtown Seattle rose for the first time in 17 months, according to a new analysis by real estate company Redfin. The bump… Read More
Redfin laid off 46 employees on Thursday, in another round of job cuts at the Seattle-based real estate company. A spokesperson confirmed the layoffs, which affected “primarily managers in our… Read More
Real estate listings on Zillow now include details about a property’s climate risks and whether natural disaster insurance is critical or required. The listings feature information on the potential for… Read More
It’s not often that the phrases “urine” and “blood” make it on to a public company’s earnings call with analysts. But that’s what you get with Glenn Kelman. The longtime… Read More
SPOKANE, Wash. — The “great migration” got a head start here. Long before the rise of remote work spurred many tech workers to move to more affordable and livable parts… Read More
Redfin wants to help answer homebuyer questions in a more efficient way with the assistance of AI. The real estate giant is rolling out a new generative AI-powered virtual assistant… Read More
Redfin shares were down more than 2% in after-hours trading after the company reported its fourth quarter earnings. Related: Redfin targeted in new commissions suit blasting buyer agents via RealEstateNews.com.
[This story originally appeared on Real Estate News.] Imagining what a home might look like can be tough for would-be buyers. However, a new tool from Redfin — powered by AI, of course… Read More
— Emily Freeman, head of community for Amazon Web Services, is departing. “It’s been an incredible few years and I’ve learned a ton,” Freeman wrote on X. “I’m excited to… Read More
[This story originally appeared on Real Estate News.] Redfin is on the “right side of history” in the wake of the verdict against the National Association of Realtors and others in… Read More
Redfin met expectations for its third quarter earnings report with $269 million in revenue, down 12% year-over-year, and a net loss of $19 million, compared to $90.2 million in the… Read More
This week on the GeekWire Podcast, we’re featuring a panel discussion from the recent GeekWire Summit in Seattle, with three technology and business leaders offering first-hand insights into the new… Read More
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
