Redfin president of operations Scott Nagel said he doesn’t think the ongoing coronavirus outbreak will immediately drive down home prices. Source: Inman News
Posts published in “Redfin”
The company is making big changes to the cost structure of its various coaching programs for the next two months. Source: Inman News
Apartment search company RentCafé said that in the last week searches for apartments on its site have fallen 25 percent. Source: Inman News
RedfinNow, the direct-to-consumer homebuying and selling platform, will not be buying homes for the near future, CEO Glenn Kelman confirmed in a letter to shareholders. …
Redfin CEO Glenn Kelman: “The whole industry has been talking about going virtual for a decade.” Source: Inman News
Amid quarantines and calls for social distancing, agents are turning to video chats and virtual tours to show off properties. Source: Inman News
Some open houses already saw cancelations and declining attendance last week. That’s likely to be a growing trend in the coming weeks. Source: Inman News
The Dow Jones dropped 13 percent Monday, the worst day since 1987 and second worst in history. Source: Inman News
The Redfin CEO noted in blog posts that the market fluctuates day-to-day, but overall, he’s seen a drop in demand since the beginning of March. …