Redfin rode the hot housing market to profitability in Q4
The company also beat revenue expectations set by analysts for the fourth consecutive quarter
by Patrick Kearns Feb 24
Redfin to display buyer's agent commissions in 65 markets
Redfin's brokerage website and mobile application will soon display the amount of compensation being offered to buyers' agents on more than 700,000 listings
by Patrick Kearns Feb 8
WATCH: Redfin and KW execs go head-to-head at Connect
Redfin's Glenn Kelman and Keller Williams' Josh Team forcefully defended their companies' respective approaches to agent employment. Now, watch the entire video as a special Select subscriber benefit.
by Inman Jan 29
Tech brokerages see bundling, salaries as the future of real estate
During an Inman Connect session on Thursday, executives from Homie and Orchard advocated an approach that includes bundling more services under one roof, and treating consumers — not agents — as brokerages' primary customers
by Jim Dalrymple II Jan 28
Employees or contractors? KW, Redfin execs debate philosophy
During Inman Connect, Redfin's Glenn Kelman and Keller Williams' Josh Team forcefully defended their companies' respective approaches to agent employment
by Jim Dalrymple II Jan 27
Zillow CEO Rich Barton is still the most 'powerful' person in real estate
The Zillow CEO tops the annual SP 200, a list of the most powerful people in the industry compiled by T3 Sixty
by Patrick Kearns Jan 12
A look at 2020: A year of reckoning for housing policy and equality
From eviction bans to redlining, zoning reform and the NAR Code of Ethics update, 2020 has been a year of reckoning on real estate's checkered past
by Marian McPherson Dec 31
11 CEOs on 2021: More mergers, more pressure and more growth
The chief executives of Zillow, Redfin, Realogy and more predict what's in store for the new year, including industry consolidation and even more technology acceleration
by Patrick Kearns Dec 30
RedfinNow expands into pricey San Francisco and Seattle markets
In a notable departure from more common iBuying strategies, Redfin's iBuyer program, RedfinNow, will target homes built after 1930 and costing more than $1M in the 2 cities
by Jim Dalrymple II Dec 8
5 things to watch for as Redfin heads into 2021
Redfin's iBuying program and ancillary services should continue to be important parts of the company's expansion. It'll also have to contend with flashy rivals and a fair housing lawsuit
by Jim Dalrymple II Dec 7
Earnings round up: Q3 was the real estate industry's comeback quarter
The scorching housing market lifted the nation's largest real estate companies out of their second quarter slumps, according to Q3 earnings calls this week and last week
by Patrick Kearns Nov 6
Redfin reports strong earnings, surging demand for housing
The online brokerage raked in $237M in revenue during the third quarter of this year, beating analyst expectations
by Jim Dalrymple II Nov 5
Amid discrimination lawsuit, agents criticize Redfin pricing policies
Fair housing advocates sued Redfin this week over allegations of racial discrimination. On Friday, agents told Inman the online brokerage should be working harder to fix the problem. 'The business model ends where people’s housing rights begin,' one said
by Jim Dalrymple II Oct 30
Redfin accused of price policies that favor white neighborhoods: Lawsuit
A new suit argues the online brokerage disproportionally serves white neighborhoods. CEO Glenn Kelman countered that Redfin hasn't pushed into lower income areas because it needs to pay agents a living wage
by Jim Dalrymple II Oct 29
Zillow, Redfin lead push for more corporate diversity
The companies are helping lead a new initiative dubbed the Board Challenge, which is meant to increase diversity among directors on company boards
by Jim Dalrymple II Sep 9
Why Redfin has a cap on its iBuyer business
Redfin CEO Glenn Kelman discusses the short- and long-term outlooks for RedfinNow in a chat with Austin Smith, the director of Millionacres
by Patrick Kearns Jul 21
Redfin returns to homebuying in 4 more markets
As of Friday, the company is now buying homes in Dallas, San Antonio, Los Angeles and Orange County, in addition to Austin, Denver and the Inland Empire in California
by Patrick Kearns Jun 26
Glenn Kelman: Waves of migration, consolidation coming to real estate
The Redfin CEO said Wednesday the coronavirus pandemic is helping fuel changes in real estate imagery and consumer behavior
by Jim Dalrymple II Jun 3
Real estate leaders speak out against racism as protests grow nationwide
CEOs at Compass, Keller Williams, Redfin and Zillow, among others, detailed steps their companies are taking to address racism in the real estate industry and inside their offices
by Patrick Kearns Jun 1
Redfin is welcoming back 35% of furloughed staff
As homebuying demand returns in some parts of the country, Redfin is calling back approximately 350 furloughed employees, including agents
by Patrick Kearns May 22
Remote work may fuel massive migration from pricey cities: Redfin
More than 50% of Americans in New York, Seattle, Boston and San Francisco told Redfin they would move if they could work remotely
by Patrick Kearns May 15
Redfin's Glenn Kelman predicts a 'seismic' shift to smaller cities
Boise, Idaho, and Bozeman, Montana, are likely to see an influx of people as more and more workers operate remotely, the Redfin CEO said Thursday during an earnings call
by Jim Dalrymple II May 8
Redfin brings back 14% of furloughed employees
The tech-centric brokerage had furloughed 41% of its agents amid the economic woes of the coronavirus pandemic
by Jim Dalrymple II May 7
Redfin, Zillow to resume iBuying
Redfin is returning to homebuying immediately, while Zillow says a return is likely within a few weeks
by Patrick Kearns May 7
Redfin's board chairman steps back
Bob Mylod will remain on Redfin's board of directors, with David Lissy stepping into the role of chairman
by Patrick Kearns Apr 24
Redfin is furloughing 41% of its real estate agents
The company announced it's also laying off 7% of its staff in an SEC filing
by Patrick Kearns Apr 7
Citing pandemic, Redfin sells $110M stake to venture capital firm
Founded in 2019, Durable Capital Partners is run by former T Rowe Price investment manager Henry Ellenbogen. 'In chaotic times, he understands our long-term commitments to our culture and our technology,' Redfin CEO Glenn Kelman said
by Patrick Kearns Mar 31
Real estate leaders reveal their vulnerabilities
Opinion
At this time, many of us are more willing to be vulnerable — letting our guard down is actually helping us get through this
by Brad Inman Mar 30
Redfin is increasing agents' fixed pay during market slowdown
Redfin CEO Glenn Kelman will take no salary for the rest of 2020 to help offset some of the cost
by Patrick Kearns Mar 26
Redfin pulls back on lead sales as video tours surge amid virus crisis
CEO Glenn Kelman also said during the latest episode of Inman's Daily Dispatch podcast that his company continues to see strong traffic and that real estate will recover
by Jim Dalrymple II Mar 25
Redfin still seeing strong demand but with fewer people in the pipeline
Redfin President of Operations Scott Nagel said he doesn't think the ongoing coronavirus outbreak will immediately drive down home prices
by Jim Dalrymple II Mar 20
RedfinNow temporarily suspends homebuying amid market slump
RedfinNow, the direct-to-consumer homebuying and selling platform, will not be buying homes for the near future, CEO Glenn Kelman confirmed in a letter to shareholders
by Patrick Kearns Mar 18
Redfin cancels open houses due to coronavirus concerns
CEO Glenn Kelman: 'The whole industry has been talking about going virtual for a decade'
by Andrea V. Brambila Mar 17
Glenn Kelman: Seattle market is witnessing effects of coronavirus
The Redfin CEO noted in recent blog posts that the market fluctuates day-to-day, but overall, he's seen a drop in buyer and seller demand since the beginning of March
by Lillian Dickerson Mar 12