Summer outlook: Real estate heads into buying season on firm footing
In our multipart series on the US housing market this summer, Inman's Jim Dalrymple reports that the market hasn't fully returned to normal yet, but a number of metrics including prices and pending sales suggest it has been resilient amid the coronavirus crisis
by Jim Dalrymple II | Jun 22
Online searches for single-family homes hits 4-year high: Redfin
In May, 36% of saved searches created by Redfin.com users were filtered exclusively for single-family homes, up from 33% in February and the highest level its reached in 4 years
by Lillian Dickerson | Jun 16
Bidding wars increased last month amid housing shortage: Redfin
Boston, Dallas and Washington, D.C., were the three most competitive markets in the U.S. last month, a new report reveals. The report provides further evidence that the pandemic hasn't tanked prices or demand
by Jim Dalrymple II | Jun 15
Redlining accounts for a major equity gap for Black homeowners
Neighborhoods that were redlined have gained $212,000 less home equity since the 1980s, according to a new study from Redfin released Thursday
by Patrick Kearns | Jun 11
Black execs are underrepresented in real estate boardrooms. Now what?
On Monday, Compass CEO Robert Reffkin called for more diversity on the boards of directors inside publicly traded real estate companies. So far, that hasn't happened
by Patrick Kearns | Jun 10
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
Read all of Inman's coronavirus coverage here
Inman has published more than 725 stories on the coronavirus. Here's our comprehensive list of coverage
by Jim Dalrymple II | May 20
A comprehensive guide to industry resources for real estate agents
Real estate companies, trade groups and government agencies are offering resources amid the pandemic. Inman is trying to compile them all in 1 guide that will be updated daily
by Patrick Kearns | May 20
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
Buyers are eyeing small towns — even as interest in big cities rises
Page views of Redfin home listings in small towns jumped 105% year over year, while page views of homes in urban metros increased by 16%
by Lillian Dickerson | May 15
Redfin co-founder sues company over patent infringement
David Eraker claims Redfin has stolen his intellectual property and cost him millions of dollars in the process
by Jim Dalrymple II | May 12
Earnings offer hope, but 'normalcy' is still distant
The pandemic may continue to wreak havoc for some time, but a strong quarter of earnings offers support to the idea that there's light at the end of the tunnel
by Jim Dalrymple II | May 8
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
As states reopen, some luxury agents are returning to open houses
'The threat of contracting it is still there but I do think that, in order to serve the client, I have the responsibility of coming up with a way to do this,' Atlanta Realtor Kim Wilkin said
by Veronika Bondarenko | May 7
Redfin revenue up 73%, handily beating expectations
The company raked in $191 million during the first quarter of 2020 despite economic chaos from the coronavirus
by Jim Dalrymple II | May 7
How are home prices still rising during the pandemic?
Although the stock market has been volatile for weeks and unemployment has continued to rise, home prices have been seemingly unaffected
by Lillian Dickerson | May 5
Opendoor returns to homebuying with contact-free selling
The company is returning to Phoenix on May 4 and Raleigh-Durham on May 11 with 2 new platforms while updating its self-touring app for buyers
by Patrick Kearns | May 4
New listings can't keep up with demand: Redfin
The company published 5 charts Friday that showed the stark impact that COVID-19 has had on the housing market
by Patrick Kearns | May 1
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 launches self-guided tours for vacant properties
Prospective buyers can let themselves into vacant homes using the Redfin app
by Patrick Kearns | Apr 23
How far $1,200 will go for renters and homeowners in 50 US cities
Over 75% of U.S. renters and almost 50% of homeowners could pay one month of housing expenses with a $1,200 stimulus check, according to data from Redfin
by Lillian Dickerson | Apr 21
Opendoor layoffs are a retreat, not a defeat
Opinion
This tactical move is by no means a sign that iBuyers will fail. Opendoor’s deep pockets allow it to weather the current storm and remain intact (albeit smaller)
by Mike DelPrete | Apr 16
Shut up! Just focus on selling houses
Opinion
As hard as things might be right now, it doesn’t give anyone the right to be insensitive to fellow professionals
by Jay Thompson | Apr 15
Realogy and KW top T3 Sixty's holding company and franchisor rankings
Redfin and RE/MAX had the most productive agents in 2019, according to the ranking
by Patrick Kearns | Apr 8
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
Number of homes for sale declines 15.7% in March
The market started to show a slow down in the second half of March as the coronavirus outbreak settled in, according to data from realtor.com and Redfin
by Lillian Dickerson | Apr 3
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
Offerpad is the latest iBuyer to pause new home purchases
Following in the footsteps of Redfin, Zillow and Opendoor, Offerpad has temporarily stopped making offers on homes due to safety concerns, effectively putting an end to the purchasing side of nearly all iBuyers nationwide for the foreseeable future
by Patrick Kearns | Mar 23
Coronavirus clauses become ubiquitous as pandemic worsens
Two weeks ago, coronavirus addendums were a niche thing. Now, they're pretty much everywhere
by Jim Dalrymple II | Mar 23
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
Need a virtual tour solution now? Here are our top picks
Opinion
Self-containment and social distancing have made in-person home tours challenging. These top tech picks and tips can help you wait out the unexpected pandemic
by Craig C. Rowe | 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
Stocks plunge in worst day since 1987 and second worst in US history
The Dow Jones dropped 13% Monday, wiping out all gains made under President Trump
by Patrick Kearns | Mar 16
WATCH: Redfin's Glenn Kelman on Zillow, iBuyers and more
At Inman Connect Las Vegas, Kelman discussed Redfin’s products and future and why he's excited about Redfin Now, the company’s iBuying service
by Inman | Jul 26