Tag Archives: Redfin

Meet a high-touch underdog taking on the search portal Goliaths

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Movoto may be a familiar name, but under OJO’s ownership the brand is quietly embarking on a David-and-Goliath struggle for a place in the portal pantheon. Continue reading →

Redfin CEO trying not to ‘count chickens’ after solid Q1 earnings

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A solid Q1 earnings report has Redfin CEO Glenn Kelman feeling confident. However, persistent market headwinds are keeping the CEO from being too bullish. Continue reading →

Here’s who sank and who soared in Q1 2024 earnings

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Q1 2024’s real estate earnings are in. CoStar and Rocket Mortgage excelled, while RE/MAX and Opendoor face challenges. We’ve compiled the key highlights in one place. Here’s what you might have missed. Continue reading →

Low-income buyers’ mortgage applications drop to 2018 levels

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Households with a median income of $64,000 or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11 percent from 2020 to 2023. Continue reading →

Redfin rides momentum to Q1 revenue bump, beats expectations

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Seattle-based Redfin’s revenue increased 5 percent year over year to $225.5 million — beating revenue projections of $218.1 million. Still, the company is struggling to control its net losses, which grew nearly 10 percent from 2023. Continue reading →

Mortgage trends reflect a diversifying America: Redfin

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Rising population rates and a shrinking racial wealth gap have led to a rise in new mortgage applications among homebuyers of color, according to Redfin’s latest report. Continue reading →

Redfin AI search assistant, Ask Redfin, launches nationwide

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Nearly two months after beta testing, Seattle-based brokerage Redfin has launched its artificial intelligence-powered home search assistant, Ask Redfin, nationwide. Homebuyers using Redfin’s Apple iOS app will automatically see Ask Redfin on a home’s l… Continue reading →

‘Buyers are losing faith in the American Dream:’ Redfin CEO

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Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be key to restoring it. Continue reading →