Seattle-based online real estate giant Redfin missed expectations for the second quarter amid a slowing housing market impacted by rising mortgage rates. Revenue of $606.9 million, up 29% from the… Read More
Seattle real estate company Redfin announced Tuesday that it is cutting about 8% of its workforce, acknowledging that a housing downturn in the U.S. is hitting the company hard. The… Read More
A federal jury in Texas this week sided with Redfin in a patent lawsuit brought two years ago by Surefield, a Seattle startup that was launched by Redfin co-founder David… Read More
Ariel Dos Santos, former vice president of product and technology at Peloton, has joined Seattle real estate giant Redfin as vice president of product. “Redfin is a product that I’ve… Read More
Seattle-based real estate company Redfin agreed to pay $4 million and implement a new internal monitoring system to settle a lawsuit that alleged its practices discriminated against communities of color.… Read More
Redfin is now offering rental search on its platform, adding to its listings of for-sale homes. The rental search is powered by RentPath, the Atlanta-based company Redfin acquired last year… Read More
Redfin on Thursday reported fourth quarter revenue of $643.1 million and a $0.27 loss per share. Analysts expected revenue of $598 million and loss per share of $0.31. Despite beating… Read More
Seattle real estate giant Redfin announced that it will pay an estimated $135 million in cash and stock to purchase Bay Equity Home Loans, a Bay Area-based mortgage lender that… Read More
Trulia, one of Seattle-based Zillow Group’s real estate brands, says it will phase out the use of neighborhood crime data on home listings early next year, citing the potential for… Read More
Zillow Group’s surprising decision this week to back out of iBuying raised questions about the overall viability of the tech-fueled home buying offering for other companies. At least one competitor… Read More
Tech tools such as video tours have increasingly helped power real estate transactions during the pandemic, decreasing the need for face-to-face interactions. Redfin will now build on its tech offerings… Read More
Redfin CEO Glenn Kelman joins us on this episode of the GeekWire Podcast to discuss the latest twists in the housing market; delays in returning to the office; the role… Read More
Seattle real estate brokerage Redfin on Thursday posted second quarter revenue of $471 million, a jump of 121 percent over the same period last year. The surge in revenues also… Read More
It’s no longer enough to consider whether you can simply afford a home, or beat out other potential buyers in a bidding war. Now as you deal with a red-hot… Read More
A new report from Seattle-based real estate brokerage Redfin found that 4,078 houses in the Seattle region sold this year for between $100,000 and $299,999 over asking price, compared to… Read More
The news: Seattle-based real estate company Redfin is forecasting record U.S. home sales of $2.53 trillion this year, saying in a report Tuesday that the 17% year-over-year gain would be… Read More
Redfin first quarter results: The Seattle real estate company saw a 40% surge in revenue in the first quarter, reporting $268 million in sales. Its gross profit soared 229% to… Read More
After taking a hit during the beginning of the pandemic, iBuying is ramping up with dozens of companies racing to streamline home offers online. Seattle giants Redfin and Zillow Group… Read More
— Startup Haven, a community for entrepreneurs founded by Seattle startup vet Bob Crimmins, launched an investment fund called Startup Haven Ventures. With the new fund, Startup Haven has also… Read More
Real estate brokerage Compass filed for an IPO on Monday. The 8-year-old company reported $3.7 billion in revenue last year, up 56% year-over-year, with a net loss of $270 million,… Read More
Redfin beat analyst expectations for its fiscal fourth quarter, reporting revenue of $244.5 million, up 5% year-over-year, and earnings per share of $0.11. Wall Street expected revenue of $235 million… Read More
Redfin is making a major push into the residential home rental market, announcing Friday morning that it is paying $608 million in cash for Atlanta-based RentPath. The deal, approved by… Read More
2020 was a big year for big tech on Wall Street. Despite parts of the economy shuttering due to COVID-19, many stocks soared. The technology sector led the way, with… Read More
Looking for a way to celebrate the holiday season with employees while also injecting some much-needed support into the Seattle restaurant scene, Tableau Software placed the to-go order of the year… Read More
Redfin will launch its iBuyer service RedfinNow in Seattle and the Bay Area in the latest expansion of the company’s home-buying and selling product. RedfinNow lets homeowners quickly buy and… Read More
Heavily-funded real estate brokerage Compass hired Morgan Stanley and Goldman Sachs to lead an initial public offering next year, according to a report in Bloomberg News citing a person with… Read More
Seattle-based real estate tech company Redfin is applauding action taken by the U.S. Department of Justice on Thursday against the National Association of Realtors, in which the DOJ simultaneously filed… Read More
The U.S. housing market is making a comeback — and that’s good news for online real estate giants Zillow Group and Redfin. Both Seattle-based companies exceeded analyst expectations last week… Read More
Redfin beat analyst expectations for its fiscal third quarter, reporting revenue of $236.9 million and earnings per share of $0.32. Revenue was down 1% year-over-year due to a pandemic-driven shortfall… Read More
Seattle-based real estate tech company Redfin is facing allegations of discriminatory pricing practices and “redlining” in a lawsuit filed by the National Fair Housing Alliance (NFHA) and other fair housing… Read More