The company earned $600.5 million in revenue during the third quarter, but also lost $90.2 million — up from a loss of just $18.9 million in the third quarter of 2021 — amid a worsening housing market. Continue reading
The layoffs are the second round of job cuts from the end-to-end platform pioneer this year. They also add to thousands of other real estate layoffs this year. Continue reading
As many as 264 employees impacted by the cuts were from Redfin Now, the company’s iBuying division, while an additional 218 jobs from other departments are also being eliminated. Continue reading
Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry. Continue reading
Real estate platforms were a hot topic a few years ago, but for even some of the biggest companies, sprawling enterprise has been the quickest way to failure, Inman founder Brad Inman writes. Continue reading
Redfin data shows that Arizona and Nevada were the second and third most popular states respectively for people moving away from California in 2020. Continue reading
Investors, including iBuyers, that entered the housing market in 2020 and 2021 are at least partly to blame for the dramatic price correction playing out in 2022, Kelman said in a new interview. Continue reading
Elon Musk is already shaking things up just days after buying Twitter. That could have big implications for some of real estate’s most pressing debates. Continue reading
As midterm elections approach, Zillow crunched housing data and found that enough Americans relocated to key counties in red and purple states in 2021 to potentially shift political leanings. Continue reading
Despite mortgage rates near 7 percent and generationally high inflation, thousands of people still need to move in the next year and need help in navigating homebuying in the pricy market. Continue reading