It looks like the tough real estate market has finally caught up to our favorite local real estate search innovator and discount broker Redfin. From the corporate blog: Today Redfin laid off roughly 20% of our employees. Unlike other startups, our industry’s recession started a year ago, when home prices first plunged. Since then, we’ve…
Tag: Redfin
New Market Analysis Tools from Redfin
Redfin rolled out some great new statistical features today that are definitely worth mentioning. Automated market statistics broken down by city, neighborhood, or zip code, with charts showing inventory, price per square foot, and price reduction trends over the last year. CEO Glenn Kelman announces the new features in a blog post today: Redfin released…
Great Reports from Redfin and Zillow
There has been some great stuff coming out of our Seattle-area “alternative” real estate businesses Redfin and Zillow this week that deserve to be mentioned. First up, Redfin came out with a great paper called Seven Tactics for Real Estate Bargaining. Check out their blog post announcing the study here. They analyzed recent sales data…
A surge in “pent-up supply”?
I have a couple of RSS feeds from real estate sites that I use to monitor listings that might be of interest to me. They are targeted at a couple of neighborhoods, and focused on homes that are likely to be mid-century modern. Over the past couple of weeks, I had noted that the volume…
Redfin Flourishing Despite Downturn, Dirty Tricks
A couple of national outlets have had interesting stories about Redfin in the last few days. Since you’re not likely to read about it in the “we pretend Redfin doesn’t exist” local agent blogs, I thought I’d highlight them here. First up is a New York Times story that claims the bursting of the real…