Articles about Redfin

AI wealth fuels San Francisco’s housing boom while tech layoffs weigh down Seattle

A new Redfin report reveals a sharp divide between the West Coast’s top tech hubs: as OpenAI and Anthropic fuel a housing resurgence in San Francisco, Seattle real estate stalls amid widespread job cuts across the regional tech ecosystem. Read More

Redfin fills CEO role with former Meta VP Alessio Sanfilippo after acquisition by Rocket

Redfin has named former Meta executive Alessio Sanfilippo as CEO, succeeding Rocket CEO Varun Krishna, who had run the company since Glenn Kelman’s departure in January. Sanfilippo previously led data and insights at Meta’s Reality Labs and WhatsApp. The move follows Rocket’s $1.75 billion acquisition of Redfin last year. Read More

How the FTC’s last-minute settlement with Zillow and Redfin reshapes their $100M rentals deal

Zillow and Redfin settled an antitrust case with the FTC and five states on the day their trial was set to begin, agreeing to undo part of the $100 million deal that took Redfin out of the apartment rental advertising business. The proposed settlement requires Redfin to relaunch that business within six months, while the listings partnership between the two Seattle companies continues. Read More

Tech layoffs hit Seattle housing market as pending sales post sharpest drop in the nation

According to a new report by Redfin, pending home sales in the Seattle area plunged 15.6% year-over-year in July. It’s the sharpest drop among major U.S. metropolitan areas as prospective buyers grapple with steep prices and job insecurity driven by recent tech-sector layoffs. Read More

Zillow revenue climbs 18% but layoff costs push company to a loss, amid executive changes

Zillow Group’s second-quarter revenue rose 18% to $772 million, but a $36 million restructuring charge from this week’s layoffs pushed the company to a $4 million net loss. Zillow also expanded CFO Jeremy Hofmann’s role to include chief operating officer and hired a Google litigation executive as its first chief legal and policy officer. Read More

Zillow cuts more than 500 jobs in its largest layoff of the year

Zillow Group laid off more than 500 employees Tuesday, about 7% of its workforce, one day before it reports second-quarter earnings. It’s the company’s second round of cuts this year. Read More

Judge denies FTC request to presume Zillow-Redfin deal ‘unlawful’

A federal court has turned down the Federal Trade Commission’s request to declare a rentals deal between Zillow and Redfin “presumptively unlawful” before trial next month. Read More

Glenn Kelman’s next gig: Former Redfin CEO joins venture firm Greylock as executive in residence

Real estate industry icon Glenn Kelman has found his next home — professionally, anyway. The longtime Redfin CEO, who stepped… Read More

Let there be light: Redfin powers up ‘Sunscore,’ an interactive map to track property sunlight

The 3D map offers a property-level sun-path visualization, tracking sunlight and the shadows cast by surrounding terrain, buildings and trees. Read More

Zillow Group leans into AI as revenue climbs 18% in flat housing market

Zillow Group’s first-quarter shareholder letter made the company’s strongest case yet for its transformation into an AI-powered real estate platform, citing AI-driven productivity gains, a new consumer search mode, and AI tools for agents and property managers. Revenue rose 18% to $708 million. Read More

Tech Moves: Microsoft names corporate VP; Amazon exec departs for Google; Zoom names CPO

Microsoft names a corporate VP for Identity & Network Access, while a CVP of product management departed for Zoom. Amazon loses an exec to Google Cloud. Read More

Tech Moves: Carbon Robotics’ new CFO; Microsoft gaming GM goes to Netflix; Nordstrom gets VP of AI

Carbon Robotics names a CFO; Nordstrom gets a VP of AI; and a Microsoft gaming GM goes to Netflix while one of its longtime legal leaders retires. Read More

Tech Moves: Zillow names CPO; AWS leader retires; Microsoft hires AI expert from Apple

Zillow Group announced three promotions to its senior leadership team. Earlier this month, Zillow reported its revenue grew 16% last… Read More

Seahawks, Satya, and scary Alexa: GeekWire’s Super Bowl LX notebook

From the Allen family legacy to the “AI Bowl,” here are GeekWire’s takeaways from Seattle’s Super Bowl triumph in the heart of Silicon Valley. Read More

Super Bowl tech ad roundup: Al can kill you — or help find your lost dog

rtificial intelligence is taking over the Super Bowl LX commercials much like the technology is taking over our lives. And that’s a good thing if your dog has gone missing. Or a bad thing if you’re paranoid about Alexa bringing the garage door down on your neck. Read More

Redfin’s first Super Bowl ad enlists Lady Gaga, who brings new life to a Mister Rogers classic

The 20-year-old real estate company, under new parent Rocket Companies, released a teaser video for a Super Bowl ad that will feature Lady Gaga performing the Mister Rogers classic “Won’t You Be My Neighbor?” Read More

Tech Moves: Former Microsoft CVP joins Amazon; Chronus names CEO; REI hires AI leader

Amazon Quick Suite has a new vice president, Chronus named a CEO, Supio added to its C-suite, and REI got an AI lead, among other Seattle area tech moves. Read More

Podcast

Amazon fixes Alexa ordering bug, Microsoft rethinks AI data centers, and cameras capture every fan

Amazon fixes an Alexa voice-ordering bug after a listener spotted a misleading comment on the GeekWire Podcast. We dig into the limits of voice commerce, Microsoft’s new “community first” approach to AI data centers, and what it says about growing backlash over power and water use. Read More

Redfin

AI wealth fuels San Francisco’s housing boom while tech layoffs weigh down Seattle

Redfin fills CEO role with former Meta VP Alessio Sanfilippo after acquisition by Rocket

How the FTC’s last-minute settlement with Zillow and Redfin reshapes their $100M rentals deal

Tech layoffs hit Seattle housing market as pending sales post sharpest drop in the nation

Zillow revenue climbs 18% but layoff costs push company to a loss, amid executive changes

Zillow cuts more than 500 jobs in its largest layoff of the year

Judge denies FTC request to presume Zillow-Redfin deal ‘unlawful’

Glenn Kelman’s next gig: Former Redfin CEO joins venture firm Greylock as executive in residence

Let there be light: Redfin powers up ‘Sunscore,’ an interactive map to track property sunlight

Zillow Group leans into AI as revenue climbs 18% in flat housing market

Tech Moves: Microsoft names corporate VP; Amazon exec departs for Google; Zoom names CPO

Tech Moves: Carbon Robotics’ new CFO; Microsoft gaming GM goes to Netflix; Nordstrom gets VP of AI

Tech Moves: Zillow names CPO; AWS leader retires; Microsoft hires AI expert from Apple

Seahawks, Satya, and scary Alexa: GeekWire’s Super Bowl LX notebook

Super Bowl tech ad roundup: Al can kill you — or help find your lost dog

Redfin’s first Super Bowl ad enlists Lady Gaga, who brings new life to a Mister Rogers classic

Tech Moves: Former Microsoft CVP joins Amazon; Chronus names CEO; REI hires AI leader

Amazon fixes Alexa ordering bug, Microsoft rethinks AI data centers, and cameras capture every fan

Redfin CEO Glenn Kelman departs after leading Seattle real estate giant for 20 years

Redfin partners with Sierra on new AI-powered conversational search for homebuyers

Zillow posts $676M in Q3 revenue as rentals and mortgage businesses power growth

Washington joins 4 other states in lawsuit against Zillow and Redfin over rentals partnership

FTC sues Zillow and Redfin over rentals deal

Rocket Companies completes Redfin acquisition; new pricing program is first perk of partnership

Redfin CEO says employees and agents ‘over the moon’ about Rocket’s vision for Seattle company

Fireballs, foxholes, and cryogenic suspension: Redfin CEO Glenn Kelman’s greatest quips

Podcast: The meaning of Rocket’s Redfin deal, and how Microsoft is bringing AI to Xbox gamers

Zillow responds to Rocket’s planned $1.75B acquisition of Redfin

Redfin to be acquired by Rocket Companies in $1.75B deal

Redfin CEO addresses ‘painful’ restructuring; stock dips 11% after Q4 earnings miss expectations