Category: RedfinNow - Page 4 - Homes in the United States

Opendoor’s revenue plunged nearly 50% in 2020, according to SEC filing

By The Citizen on February 3, 2021

The newly public company revealed in U.S. Securities and Exchange Commission filings Tuesday that it expects to report $2.58 billion in revenue in 2020, down…

RedfinNow expands into pricey San Francisco and Seattle markets

By The Citizen on December 8, 2020

In a notable departure from more common iBuying strategies, Redfin’s iBuyer program, RedfinNow, will target homes built after 1930 and costing more than $1 million…

iBuyer purchases dropped 88% in Q2 as pandemic raged

By The Citizen on September 11, 2020

RedfinNow, Offerpad, Opendoor and Zillow only bought 880 homes in the second quarter of 2020, according to a study by Redfin released Friday. Source: Inman…

DelPrete: iBuyer market share plummets, slow recovery ahead

By The Citizen on August 18, 2020

Like many businesses, iBuyers took a significant hit during the pandemic. Home purchases dropped 90 percent as the major iBuyers paused their operations, and as…

Why Redfin has a cap on its iBuyer business

By The Citizen on July 21, 2020

Redfin CEO Glenn Kelman discusses the short- and long-term outlooks for RedfinNow in a chat with Austin Smith, the director of Millionacres. Source: Inman News

Redfin returns to homebuying in 4 more markets

By The Citizen on June 26, 2020

The company is now buying homes in Dallas, San Antonio, Los Angeles and Orange County, in addition to Austin, Denver and the Inland Empire in…

The line between iBuyer and brokerage is blurring

By The Citizen on June 11, 2020

Opendoor and Offerpad will now list homes directly, alongside their core instant-offer businesses, underlining the growing convergence of iBuyers and the traditional industry. Ultimately, this…

Redfin, Zillow to resume iBuying

By The Citizen on May 7, 2020

Redfin is returning to homebuying immediately, while Zillow says a return is likely within a few weeks. Source: Inman News

Redfin is furloughing 41% of its real estate agents

By The Citizen on April 7, 2020

The company announced it’s also laying off 7 percent of its staff in an SEC filing. Source: Inman News

Redfin still seeing strong demand, but with fewer people in the pipeline

By The Citizen on March 20, 2020

Redfin president of operations Scott Nagel said he doesn’t think the ongoing coronavirus outbreak will immediately drive down home prices. Source: Inman News

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