Companies both old and new are racing to build platforms that handle more of the real estate transaction. Agents will have to adapt to survive
The company's revenue jumped a whopping 88% year-over-year during the final 3 months of 2019. Here's some key stats worth paying attention to
Opinion
Incumbents are adapting to the disruption
The year in tech featured the platform race, the rise of iBuyers and a whole lot of money
Opinion
Twenty-five plus years into the real estate digital revolution and most of the money and innovation has been focused on helping homebuyers. That's about to change
Years ago it was hard to imagine iBuyers ever making headway in a city with older and more expensive homes. But this year Opendoor, Zillow and others went all in on L.A.
As of Tuesday, Redfin Direct is now available in Los Angeles, San Diego, Sacramento, Santa Barbara, the Inland Empire and most of Redfin's other California markets
The latest earnings report comes as the tech-oriented brokerage steadily expands programs such as RedfinNow and Redfin Direct, which could upend how consumers engage with real estate
The large franchisor also said Thursday it saw a 3.5% increase in its total agent count
Consumers in Savannah, Chattanooga and Northern Kentucky will now be able to search for homes on Redfin.com as well as use the brokerage's agents
Texas is the first state where all of Redfin's services — from iBuyer to mortgage and title and escrow — are available
Opinion
Some innovations — novel or not, untested or not — change how the real estate industry works. Others fall by the wayside
Redfin asked members of its Partner Agent program how they feel about allowing unrepresented buyers to make offers on the homes they list
Glenn Kelman also said in the earnings call Thursday that he'd like to be able to sell 10% of the homes listed with Redfin to unrepresented buyers
CEO Glenn Kelman also said web traffic and brokerage sales accelerated for the 2nd straight quarter