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 […]

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 […]

Shares of Seattle tech companies sink as stock market sees worst drop since 2008 – GeekWire

Fears about the novel coronavirus outbreak and an oil rate war led to the worst day for U.S. stocks considering that 2008 and a 15-minute halt in buying and selling Monday. NASDAQ Graphics The Dow Jones shut down far more than 2,000 details, or 7.8%. The S&P 500 fell 7.6%. Worldwide markets also took a […]

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 […]

Susan Fowler talks about her book; the science of making alcohol; and more – GeekWire

— In 2017, news of sexual harassment problems at Uber designed countrywide headlines and investigations led to the ousting of the company’s chief. Considering that then, a spotlight has shone on sexual harassment in the tech field and startup local community. The woman who came ahead with her story at Uber was Susan Fowler. Fowler […]

Redfin stock rises 5% after real estate giant posts $233 million in Q4 revenue, up 88% – GeekWire

(Redfin Impression) Shares of Redfin had been up a lot more than 5 per cent in following-several hours trading following the authentic estate business posted its fourth quarter earnings report. Revenue grew 88 per cent year-over-year to $233 million even though net loss per share was $.08, down from -$.14 in the year-back quarter. Analysts […]