Redfin CEO says sellers are “starting to freak out” as market shifts
The housing market has been the record-shattering domain of sellers since the start of the pandemic, but Redfin CEO...
Glenn Kelman
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Redfin settles redlining lawsuit for $4M
Redfin will fork over $4 million to settle a discrimination suit that claimed the company failed to provide brokerage services for homes listed below a certain price, a practice that plaintiffs dubbed “digital redlining.”...
Pocket listings exclude minority homebuyers, Redfin CEO says
Off-market listings have long been a controversial topic, with agents who oppose them claiming they provide an unfair advantage...
Redfin revenue grows as it races to hire more agents
The hot housing market has crowned another winner: Redfin. The discount brokerage reported revenue of $866.1 million in 2020,...
Redfin accused of redlining in lawsuit
The National Fair Housing Alliance has accused Redfin of discriminatory policies and redlining, months after the national brokerage’s CEO pledged to address systemic racial discrimination. In a lawsuit filed Wednesday in the United States...
“I can’t imagine the grief we’ve caused you:” Redfin furloughs 41% of agents
In the most drastic cuts seen in residential brokerage since the pandemic began, Redfin said Tuesday that it would...
Redfin sells $110M stake to VC firm
Redfin just got a $110 million shot in the arm from an influential backer, as the discount brokerage looks to ride out economic turmoil caused by coronavirus. The Seattle-based brokerage said Monday that Durable...
Why Redfin is holding back on growing iBuying business
Redfin’s revenue jumped 70 percent during the third quarter as the brokerage’s instant home-buying business raked in $80 million....
iBuying pays off for Redfin, as revenue soars 39%
Demand for instant home-buying has started to pay dividends for Redfin. The Seattle-based discount brokerage said second-quarter revenue rose...
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