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Redfin CEO Glenn Kelman (Credit: Randy Stewart via Flickr; iStock)

“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...

“I can’t imagine the grief we’ve caused you:” Redfin furloughs 41% of agents
Durable Capital's Henry Ellenbogen and Redfin CEO Glenn Kelman (Credit: Ellenbogen by Paul Morigi/Getty Images for The Phillips Collection; Redfin)

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...

Redfin sells $110M stake to VC firm
Redfin CEO Glenn Kelman (Credit: iStock)

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....

Why Redfin is holding back on growing iBuying business
Redfin's Glenn Kelman

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...

iBuying pays off for Redfin, as revenue soars 39%
Redfin CEO lashes out at Premier Agent and paid agent ads

Redfin CEO lashes out at Premier Agent and paid agent ads

Redfin CEO Glenn Kelman lambasted the practice of letting buyers’ agents advertise on other brokers’ listings as a “fundamental...

Redfin CEO lashes out at Premier Agent and paid agent ads
Real estate execs consider their roles in a politically divided nation

Real estate execs consider their roles in a politically divided nation

The red-hot political climate in the U.S. has left some industry leaders stuck weighing their professional obligations and their...

Real estate execs consider their roles in a politically divided nation
Redfin’s revenue hits $109.5M but home sales are flat

Redfin’s revenue hits $109.5M but
home sales are flat

Redfin generated $109.5 million in third-quarter revenue — up 35 percent from the prior year — even as tight...

Redfin’s revenue hits $109.5M but
home sales are flat
Sales rise for million-dollar U.S. homes

Sales rise for million-dollar U.S. homes

Sales of million-dollar homes and condominiums rose last month in all 20 major metro areas, according to real estate analytics firm DataQuick Information Systems. On average, these cities saw an 18.6 percent increase in...

Sales rise for million-dollar U.S. homes
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Ad listing White House for sale not legit

The false listing of the White House (click image for larger version) Despite what one real estate listing site suggested this weekend, the federal government has not resorted to a real estate fire sale...

Ad listing White House for sale not legit
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Ad listing White House for sale not legit

The false listing of the White House (click image for larger version) Despite what one real estate listing site suggested this weekend, the federal government has not resorted to a real estate fire sale...

Ad listing White House for sale not legit
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