With the National Association of Realtors’ big Nationwide Open House Weekend just around the corner, we thought it would be interesting to dig into Redfin’s stash of real estate data to answer the question: Does holding an open house make a home more likely to sell? To answer this question, we analyzed over a quarter… Read More
In life and websites, it’s the small things that count. Redfin’s latest update included a few of the small things that can really make a difference in how people use the site to search for a home to buy or to take the first step toward selling the one they have. Buyers: We’ll suggest other… Read More
Hooray! Eighteen months after launching our website and mobile tools for Austin, Redfin has begun offering Austin service from our own Austin-based agents. Now Austinites can buy or sell a home via a Redfin agent paid based on customer satisfaction, and armed with the latest technology for scheduling tours, pricing homes, optimizing listing traffic and… Read More
Never Tell Me the Odds
In a board call last month, I finally told everyone that the commission savings that Redfin offers home sellers and buyers dramatically lowers our profits margins and there is no evidence that it drives more revenue. We have, I told our investors, given away $100 million because of my irrational belief that Redfin was put… Read More
Redfin’s mobile real estate apps team has been firing on all cylinders, burning the proverbial midnight oil, working non-proverbial nights and weekends. The upshot is that we’ve released an upgrade today to our iPad App and our iPhone App that will give you faster access to even more beautiful home detail pages. It comes down… Read More
Big news! Scott Farquhar, CEO of Atlassian, is coming by Redfin’s San Francisco office next Thursday, April 12, as the latest speaker in our series of brown-bag talks about how to start your own business. Atlassian is the maker of JIRA and Confluence, software for teams building products. Scott and I got to know each… Read More
Howdy Redfinnians! Here’s our monthly round-up of everything that moved in the U.S. real estate market! But first the Redfin news… Do you remember in Gladiator, when Russell Crowe says “on my signal, unleash hell?” That’s what Redfin did last month, launching: A Home-Pricing Tool: see the pictures and prices of very recent comparable sales… Read More
It’s a jungle out there. In California last month, 74% of the offers submitted by Redfin agents on a property met with competition. In Washington DC, 51% of offers faced a bidding war. The problem is inventory, with the number of homes for sale down 43% in California and 27% nationwide compared to last year,… Read More
To be the best brokerage, you have to hire and train the best agents. This is Redfin’s goal. In our mind, the best agent is the one who gives the best service, not gets the most clients. This is why we survey the past clients of every agent who wants to work here, to ask… Read More