Last Friday, when we noted that many home-buyers were suddenly getting off the dime, brokers from all over the country chimed in with similar observations. Now perhaps we know why. The Case-Shiller data for August 2008 was published this morning, showing the biggest one-month drop in the 20-city composite index since its inception in 2000.
The […]

Last Friday, when we noted that many home-buyers were suddenly getting off the dime, brokers from all over the country chimed in with similar observations. Now perhaps we know why. The Case-Shiller data for August 2008 was published this morning, showing the biggest one-month drop in the 20-city composite index since its inception in 2000.
The […]

On an East Coast press tour this summer, Redfin argued that “foreclosure dads” — right-leaning suburb and exurb voters who traditionally wanted smaller government, suddenly feeling so much anxiety as to endorse a more-engaged, centrist government– could be this political season’s soccer moms, swinging the election left instead of right.
But talk is cheap. This morning, […]

On an East Coast press tour this summer, Redfin argued that “foreclosure dads” — right-leaning suburb and exurb voters who traditionally wanted smaller government, suddenly feeling so much anxiety as to endorse a more-engaged, centrist government– could be this political season’s soccer moms, swinging the election left instead of right.
But talk is cheap. This morning, […]

Out of nowhere, a record number of people signed up to tour Seattle-area properties with Redfin. Any theories on why this is happening now?

Out of nowhere, a record number of people signed up to tour Seattle-area properties with Redfin. Any theories on why this is happening now?

After Redfin’s layoff last week, the CEO of a startup down the street emailed to say “at least we’re not public!”
Which made me wonder how private we really are. You can hide from the Wall Street Journal but not from the hundreds of tech and real estate blogs that covered Redfin last week. One big […]

After Redfin’s layoff last week, the CEO of a startup down the street emailed to say “at least we’re not public!”
Which made me wonder how private we really are. You can hide from the Wall Street Journal but not from the hundreds of tech and real estate blogs that covered Redfin last week. One big […]

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 fought like starving animals, and with some success: while industry-wide transaction volumes dropped 33%, we grew revenues by nearly 50%. Traffic grew more than 300%.
Even a month ago, we were […]

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 fought like starving animals, and with some success: while industry-wide transaction volumes dropped 33%, we grew revenues by nearly 50%. Traffic grew more than 300%.
Even a month ago, we were […]