Redfin CEO Alarmed at Pace of 2024 Home Sales; Earnings Tread Water
Corporate quarterly reports, unless they include dramatic swings in earnings, are often same-old, same-old. However, when the industry is in ...
Tag: Glenn Kelman
Redfin Q1 Revenue Rises, but Net Losses Up as Well From 2023; CEO Notes New Normal
One day after deciding to settle commission lawsuits with a proposed $9.25 million-dollar payout, Redfin, in a May 7 Q1 ...
Redfin Resigns NAR Board Seat; Will Require Employees to Cut Ties as Well
In a surprise message to employees today, Glenn Kelman, founder of portal giant Redfin, announced that his company is seeking ...
Zillow and Redfin Partner to Share New-Construction Listings
And just like that, a pair of rivals in the real estate portal sector are teaming up. As they prepare ...
Redfin Q1 Revenue and Profits Tumble Amid Housing-Market Hurdles
It always helps to be a glass-half-full thinker when faced with the challenges of a turbulent market shift. Redfin CEO ...
Market Cooldown ‘Won’t Be Enough to Sink’ Redfin, Says CEO as Profits Dip in Q2
Despite raking in $606.9 million in revenue, nearly a third more than last year, Seattle-based real estate brokerage Redfin saw ...
‘Pugnacious’ Kelman Hits Back On Lawsuit, Talks Market Distress
On a mixed Q1 earnings call where his company beat revenue targets while also seeing its net losses continuing to ...
Redfin Seals Its Deal for Bay Equities
Redfin has completed its big-ticket purchase of Bay Equity Home Loans. The Seattle-based real estate tech company confirmed its $137.8 ...
Redfin Beats Revenue, Projects iBuying, Rental Growth
Redfin stock plummeted in after-hours trading even though the real estate behemoth beat projections for revenue in its Q4 earnings ...
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