CEO forgoes salary for 2020; agent base pay increases; and more – GeekWire

Redfin CEO Glenn Kelman at the 2018 GeekWire Summit. (GeekWire Photo / Dan DeLong) Redfin is making adjustments amid the COVID-19 disaster and uncertainty encompassing the authentic estate marketplace. The Seattle authentic estate firm wrote a letter to shareholders Thursday outlining expense-slicing moves and other alterations remaining designed, which include: CEO Glenn Kelman will not […]

Freeze hiring; cut expenses; pause home-buying – GeekWire

Wealthy Barton speaks at Seattle University. (GeekWire Picture / Kevin Lisota) “You only obtain out who is swimming bare when the tide goes out.” Warren Buffett makes use of this phrase in shareholder letters to explain how organizations get exposed through fewer-than-great circumstances. Zillow Group CEO Wealthy Barton alluded to the knowledge on an investor […]

Compass cuts 15% of staff, estimates 50% revenue decline over 6 months — here’s the email to staff – GeekWire

Compass CEO Robert Reffkin arms out cake pops to passersby right after slicing the ribbon last calendar year on the true estate brokerage’s tech centre in Seattle’s South Lake Union neighborhood. (GeekWire Photo / Todd Bishop) Greatly-funded New York-based true estate brokerage and tech startup Compass nowadays laid off 15% of its staff, or about […]

Redfin shares tips for ‘Selling Homes in a Virtual World’ to address COVID-19 real estate concerns – GeekWire

Scott Nagel, left, Redfin president of real estate functions, and Anthony Kappus, Redfin normal counsel, throughout a livestream on YouTube. (YouTube monitor seize) Far more individuals may possibly be turning to virtual encounters when it arrives to buying and marketing properties throughout the coronavirus outbreak, and on Thursday, Seattle-dependent real estate organization Redfin hosted a […]

RedfinNow pauses making offers on homes as CEO says housing market has taken ‘turn for the worse’ – GeekWire

(Redfin Photo) Seattle-based mostly actual estate business Redfin announced Wednesday that RedfinNow, an arm of its small business that purchases residences instantly from property owners and resells them to homebuyers, will briefly pause earning gives on residences. The transfer comes as the coronavirus outbreak and social distancing have seriously cut into property-shopping for demand from customers […]

Will it slow Seattle’s housing market or create a ‘sense of urgency’ among buyers? – GeekWire

A Seattle household neighborhood. (Bigstock Image) It’s the commencing of key household-searching year in Seattle, but a cloud of uncertainty sits over the sector because of to the distribute of coronavirus throughout the area. On Wednesday, Glenn Kelman, CEO of tech-powered real estate brokerage Redfin, authored a weblog publish declaring homebuying exercise slowed speedily in […]

These cities were the top markets for ‘iBuyers’ like Zillow and Redfin in 2019 – GeekWire

(Redfin Picture) The metropolitan areas of Las Vegas, Phoenix, Raleigh-Durham, Charlotte and Atlanta all have a person detail in common — they had been the most common markets for the so-termed iBuyers like Zillow, Redfin, Opendoor and Offerpad that promptly acquire houses, fix them up and offer them. Raleigh, N.C. was the most common market […]

How tech hubs contributed to America’s housing crisis — and what they can do about it – GeekWire

Households in San Francisco. (Flickr Photo / Chris Chabot) America’s housing disaster is a nationwide issue, but it’s specially acute in San Francisco and Seattle, property to the country’s major technologies industries. The “terrible twins,” as New York Situations reporter Conor Dougherty describes them, represent a great storm of speedy occupation expansion, an inflow of […]

Tech-fueled real estate brokerage Compass opens another Seattle-area office – GeekWire

(GeekWire Picture / Nat Levy) Compass, the heavily funded real estate startup, has opened a different business office in the Seattle location, continuing an arc of fast progress in the region that started nearly two decades back. The new 18,000-sq.-foot business office in The Bravern elaborate in downtown Bellevue, Wash. will house close to 180 […]