It’s tough to deliver such a fantastic quarter as Redfin did in Q4 of 2019, and for the full year of 2019. I mean, they just beat ass all over the place. Revenues, profits, traffic, productivity — Redfin just about killed it across the board. The one exception comes from its iBuyer business, RedfinNow. And … Read more
Earlier this year, Sunny and I made her third (my second) move across this great country of ours in three years, landing in Las Vegas. I have to say, so far, we’re quite in love with this city. Most of you only know Las Vegas from The Strip… which is unfortunate. It’s quite like judging … Read more
Redfin’s Q3 results showed a solid rebound from a rather disappointing Q2. It looks great all around, with revenues, profit, market share, etc. all up and up very healthy. Agent productivity is up, traffic is up, and Redfin Now is a $80 million business in Q3. So all in all, a very nice rebound. There … Read more
From Inman News (Subscription Required) comes word of a new Redfin initiative whose time has come: Redfin believes that real estate consumers don’t really understand the way commissions work, and so as of Thursday the online brokerage and portal is doing something about it: Now, all Redfin-listed homes will publicly display the commission that sellers are offering … Read more
As some of you know, I attended an event at Inman Las Vegas a couple of weeks back on Blockchain and Real Estate hosted by Propy. Unfortunately, I couldn’t stay for the whole thing, but I did stay and listen to the speakers with great interest, because I really wanted to learn more about blockchain … Read more
As a former Dungeon Master all through junior high school and part of high school, I found it absolutely thrilling that Glenn Kelman, CEO of Redfin, used the phrase in the Q2 earnings call. Thank you Glenn for making all of us former (and present day) nerds feel a little bit better about our misspent … Read more
Yesterday, Redfin announced that it was entering into a partnership with Opendoor to become a conduit for Opendoor’s direct purchase offers: SAN FRANCISCO and SEATTLE, July 11, 2019 /PRNewswire/ — Opendoor and Redfin, two of the nation’s largest technology-powered real estate companies, today announced home sellers in Phoenix and Atlanta can now request an Opendoor offer through Redfin’s site and mobile apps. By … Read more
Redfin reported its Q1/2019 results earlier today… and it’s like one of those Russian nesting dolls, except it’s a bit of a mystery inside an enigma within a puzzle kind of a deal. For the first time in… well… ever as far as Redfin is concerned, I find myself not quite able to understand what … Read more
The other day Rob wrote a post on how Competition in Real Estate is Changing. I don’t think anyone would disagree. And it reminded me of a comment that I can’t find on another post which simply asked “What can brokers even do about it?”. That’s a sincere question worth talking about, from this Recovering … Read more