Pitching in on a presentation we have to give tomorrow to Madrona’s investors, Jamie DeMichele (senior data-team engineer, Redfin pushup champ) and Matt Goyer (online marketing director, Internet celebrity) dug up some surprising stats on how much consumers have contributed to Redfin’s website. Redfin Forums: New Posts Grow 294% Year over Year For example, as… Read More
The folks at Redfin have been thinking a lot lately about how the world will look when the recession is over. Last Tuesday, we said that the Internet will shift toward applications that consumers will pay for rather than media content. Yesterday, we looked at startup economics, and speculated that most of the carnage is… Read More
Yesterday, in the first of a series of blog posts about how our world will look when the recession is over, we talked about what’s changing on the Internet: some media companies in search of revenues are becoming more like software companies, consumers rather than advertisers have begun to pay for products, and it seems… Read More
As we plunge further into the Great Recession, it’s natural to wonder, like Alice falling down the rabbit hole, what the world will look like when we land. Other bubbles have left behind an excess of infrastructure that would later come in handy: railroad tracks, telegraph lines, Internet fiber. What will we have to show… Read More
For many home-buyers, REOs are an opportunity for a bargain. Short for “Real Estate Owned,” REOs are bank-owned properties (also known as foreclosures). Already this year, 39% of Redfin’s offers in Southern California have been on these homes, while the entire East Bay market’s REO sales are up 103% year-over-year. Real estate news site Inman… Read More