Redfin faces a steep battle as it claws its way toward profitability
Analysts said Redfin isn't facing an existential moment but nonetheless experienced a uniquely rough period over the past year. These are the 5 biggest challenges Redfin will face in 2023
by Jim Dalrymple II Jan 4
Billions in losses, a brutal market and more from Q3 earnings season
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws
by Jim Dalrymple II Nov 14
Real Tea, Redfin Now, recruiting season: Inman's Top 5 stories of the week, Nov. 4-10, 2022
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Nov. 4-10, 2022
by Dani Vanderboegh Nov 11
Redfin sees losses soar in Q3 as it winds down iBuying program
The company earned $600.5M in revenue during the third quarter, but also lost $90.2M — up from a loss of just $18.9M in the third quarter of 2021 — amid a worsening housing market
by Jim Dalrymple II Nov 9
Plunging prices, net losses, Q3 earnings: Inman's Top 5 stories of the week, Oct. 28 - Nov. 3, 2022
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Oct. 28 - Nov. 3, 2022
by Dani Vanderboegh Nov 4
Adiós America! Far Homes' $2.25M seed funding helps buy abroad
'Their business will benefit their customers, colleagues and communities, not just themselves and their other shareholders,' said Redfin CEO Glenn Kelman
by Craig C. Rowe Sep 21
Here's how Redfin's Glenn Kelman became a reality TV star
Kelman and other real estate 'tycoons' star in a 'Shark Tank'-inspired competition called 'Buy My House.' The show debuts Friday on Netflix
by Jim Dalrymple II Sep 2
Buyers are leaning on contingencies to bail out of deals, Redfin CEO says
During his latest appearance on CNBC, Redfin CEO Glenn Kelman shared how buyers and sellers are locked in a battle of the wills as the market slowly shifts in buyers' favor
by Marian McPherson Sep 1
Get ready for 'real estate mogul' Glenn Kelman, reality TV star
The Redfin CEO joins Corcoran CEO Pamela Liebman and other industry professionals in a 'Shark Tank'-like real estate show called 'Buy My House' to debut in September on Netflix
by Jim Dalrymple II Aug 23
WATCH: Redfin's Glenn Kelman attempts a dance on the ICLV stage
In addition to his performance, the Redfin CEO said on the Inman Connect stage that the market correction is more significant than is widely appreciated, especially in hot western metro areas
by Jim Dalrymple II Aug 10
Redfin CEO: Market correction is 'sharper', 'faster' than expected
Redfin CEO Glenn Kelman also said the flow of institutions into real estate has made housing more like the stock market, and that brokerages have to 'race to the top' or 'race to the bottom'
by Jim Dalrymple II Aug 3
Redfin lays off 8% of employees as industry sheds staff
Redfin follows Compass as second major industry player to lay off hundreds of employees. The move is expected to impact over 500 Redfin employees in agent and support roles
by Taylor Anderson Jun 14
'Sellers are starting to freak out:' Redfin CEO sees market slowdown
During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift
by Marian McPherson May 27
Redfin takes in nearly $600M in Q1 revenue as market share grows
Revenue, market share, web users and homes sold by RedfinNow all rose. But the company reported a $90.8M net loss in a Q1 earnings call on Thursday
by Taylor Anderson May 5
Redfin settles 'digital redlining' discrimination case
Redfin has reached a settlement with the National Fair Housing Alliance in its discrimination case after nearly 2 years. The brokerage will pay $4M along with making several policy changes
by Marian McPherson May 2
Inman Connect turns 25: The top 20 moments of real estate's best bash
The event has come a long way since its beginnings in the woods of Sonoma County, California
by Andrea V. Brambila Apr 18
Redfin closes $137.8M acquisition of Bay Equity Home Loans
The deal to purchase the California-based national mortgage lender accelerates the brokerage's strategy to become a one-stop shop for buying, selling, renting and financing a home
by Matt Carter Apr 4
'A spigot turned on full-blast': Ahead of spring, agents scramble for help
Brokers and team leaders told Inman they've been racing to hire support staff in preparation for real estate's busiest season of the year — but finding good help hasn't been easy, they say
by Lillian Dickerson Mar 18
Redfin revenue soars 163%, even as losses return in Q4
The company's plan to broaden its revenue sources made progress, with title, mortgage and iBuying offerings on track to generate profits, CEO Glenn Kelman said
by Jim Dalrymple II Feb 17
Redfin CEO: 'We probably waited too long to build a national brand'
During Inman Connect Now, Redfin CEO Glenn Kelman also noted that there is pressure on agent commissions right now, and expressed support for the MLS system
by Jim Dalrymple II Feb 17