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Redfin

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Rocket shifts focus to integration after Q1 growth in originations and M&A

May 8, 2025 by bp56691
Lower rates helped Detroit-based Rocket Companies improve its originations in the first quarter of the year, a period also marked by the announcement of two major acquisitions, Redfin and Mr. Cooper. 
Categories Earnings, HWmember, LendingLife, Mortgage, Mr. Cooper, Origination, Redfin, Rocket Companies, Rocket Mortgage

Redfin reports falling revenue, higher losses in Q1 2025

May 6, 2025 by bp56691
Redfin did not host an earnings call ahead of its pending acquisition by Rocket Companies, a move CEO Glenn Kelman said the firm is excited for.
Categories Earnings, HWmember, Mergers and Acquisitions, Real Estate, Redfin, Rocket Companies

What went wrong at Redfin?

March 18, 2025 by bp56691
What went wrong at Redfin?
Redfin launched with the intention of redefining the real estate industry, but in a turbulent housing market, its signature innovation may have ultimately ended its run as a standalone company.
Categories Brokerage, Data & Visuals, Glenn Kelman, HWmember, Real Estate, Real Estate Agents, Redfin, Rocket Mortgage

Investor home purchases are sinking, and it’s most evident in Florida

March 5, 2025 by bp56691
Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin.
Categories Affordability, Florida, Housing Market, HWmember, Mortgage Rates, Real Estate Investing, Redfin

Glenn Kelman, Redfin eye profitability in 2025

February 27, 2025 by bp56691
Glenn Kelman, Redfin eye profitability in 2025
Redfin executives believe the company has made the necessary adjustments and investments to grow in 2025 after another net loss in 2024.
Categories Brokerage, Earnings, Glenn Kelman, HWmember, Real Estate, Real Estate Listings, Redfin, Zillow

Zillow is still in the red, but its major revenue streams are rising

February 12, 2025 by bp56691
On its fourth-quarter 2024 earnings call on Tuesday evening, Zillow announced a partnership with fellow Seattle-headquartered firm Redfin that will make Zillow the exclusive provider of multifamily listings on Redfin, Rent.com and ApartmentGuide.com.
Categories Earnings, HWmember, Real Estate, Redfin, Seattle, Technology, Zillow

Redfin lays off 46 employees

January 10, 2025 by bp56691
Redfin has started 2025 with a round of layoffs. The Seattle-based brokerage company laid off 46 employees on Thursday.
Categories Brokerage, Mortgage and Housing Layoffs, Real Estate, Redfin

Housing inventory is up, but so are unsold listings. Are renters to blame?

December 30, 2024 by bp56691
Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be, according to Redfin data.
Categories Home Sales, Housing Inventory, Housing Market, Mortgage Rates, Redfin, Renters, Single-Family Rentals

Active listings climb as the end of 2024 nears

December 27, 2024 by bp56691
Months of supply edged up 0.6% year over year to 4 months, indicating a balanced market and cooling competition.
Categories Data & Visuals, Home Sales, Homebuying, Housing Market, New listings, Pending Home Sales, Redfin

New apartment construction hasn’t lowered rents in many areas

December 17, 2024 by bp56691
Redfin reported a 18-month high in asking rent prices for new construction apartments. Can low-income workers keep up in 2025?
Categories Affordability, Housing Market, Realtor.com, Redfin, Rent Prices, Renters
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