In what is likely the first of many more of these sorts of announcements in the real estate space, Redfin is laying off 20% of their employees.
In a post on its company blog yesterday, Redfin CEO Glenn Kelman explained that the layoffs were due to the company being hit by market conditions that “wiped out [...]
Redfin on the Today Show tomorrow.
Glenn Kelmann will be on with Al Roker Friday morning at 7:40am sharp.
He’ll be giving a forecast on the housing market and sharing some tips to help move a house in slow market. The angle? They’ve developed these tips according to “scientific analysis” of market conditions. The full report is [...]
Glenn Kelman, responding to a a comment thread on a post by John Cook to allegations that they are just a discount real estate brokerage with a web site and a call center.
Regarding the comment that Redfin isn’t a technology company: is Amazon just a discount bookstore with a website and a warehouse?
Sphere: Related ContentIf [...]
Over on Guy Kawasaki’s blog today, Redfin CEO Glenn Kelman gives a detailed breakdown of life in the two year old startup, in his post How to Change the World: Financial Models for Underachievers: Two Years of the Real Numbers of a Startup.
A couple of interesting items to note.
In the Numbers section, Kelman, admits that [...]
The Seattle based brokerage has always claimed its business model was more in line with consumers’ interests.
Redfin CEO Glenn Kelman has insisted on numerous occasions, that by having non-commission buyers’ agents, it can negotiate more effectively for its clients. From yesterday’s Seattle Times:
“Traditional real-estate brokerage has a screwed-up compensation system. It pays its agents [...]
Redfin Hires Michael Young as Chief Technology Officer
Online real estate broker Redfin Corporation today announced the hiring of Michael Young as chief technology officer. Mr. Young brings to Redfin a long history as a leader and an architect at successful start-ups.
Buried in the release, Redfin CEO Glenn Kelman hints at expansion plans for the Seattle-based [...]
I hope everyone had a great Labor Day long weekend. I just returned from a visit to my hometown of Vancouver, Canada - a beautiful city where real estate discussion is not just a pastime but a full contact sport.
Catching up on my newsreader and email, despite a last long weekend, it was anything but [...]
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