Tag Archives: Redfin

Side carries out new round of layoffs amid slowing market

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The latest round of cuts comes after the company laid off 10 percent of its workforce in June. Side’s layoffs are among dozens of others in the housing industry this year. Continue reading →

Gary Keller: Tech firms’ ancillary service strategy a ‘big lie’

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During Inman Connect on Tuesday, Gary Keller discussed an array of topics with Inman founder Brad Inman. Keller said companies have to focus on “dollars in, expenses out” as they reach for profitability. Continue reading →

Square footage in suburban homes now worth more than in cities

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The typical home in a suburban neighborhood was worth $206 per square foot during the four weeks ending Sept. 25, just above the typical urban home which was worth $205 per square foot, according to Redfin. Continue reading →

US residential rent growth cools to slowest pace in more than a year

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Median monthly rent in the largest metropolitan areas of the United States dropped for a second-straight month in September to $1,759, according to a report released Thursday by Realtor.com. Continue reading →

Sink or swim, the fate of real estate’s mightiest CEOs will be revealed

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Heads will roll and company valuations will sink so low that new outsiders will opportunistically make big acquisitions, Brad Inman writes. Real estate’s Masters of the Universe are on notice. Continue reading →

The big iBuyers are getting brutalized in the stock market

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Shares in Opendoor, Offerpad and Redfin all hit all-time low prices Friday. The milestones come after months of declines for companies across the real estate space. Continue reading →

Homebuyers show signs of pulling back as mortgage rates move again

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Tour requests to Redfin agents fell 7 percent, and mortgage applications declined 13 percent during the week ending Oct. 1. “Mortgage rates well over 6% are spooking homebuyers,” Redfin says. Continue reading →

Zillow iBuyer program officially ends as last homes leave the market

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A year after announcing it would abandon its iBuyer program, Zillow has offloaded the last of the homes it bought with Zillow Offers, marking the end of a major chapter in real estate history. Continue reading →

Redfin adds down payment assistance feature to website

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Starting Thursday, homebuyers can scout down payment assistance programs on Redfin listings, thanks to the brokerage’s new partnership with Down Payment Resource. Continue reading →

Mortgage is the new money pit for portals: Mike DelPrete

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Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies. Continue reading →