Tag Archives: redfin
by Drew Meyers on 3:32 pm May 18, 2015
Any entrepreneur interested in trying to reduce or cut out agent commissions should read this article about Redfin on the SeattleTimes. Redfin has had eight rounds of venture funding since 2005 totaling $167.8 million, according to Crunchbase. Redfin after 10 years still has less than a 3 percent market share on its home turf. To say it’s been a marathon for Redfin, is an understatement. Entrepreneurs: you should also read this post, and every one of the comments.
by Drew Meyers on 8:40 am December 19, 2014
Just in time for the holiday season, Redfin completed a $70.9 million round.
by Sam DeBord on 11:59 am November 3, 2014
Seattle’s technology brokerage, Redfin, recently acquired our local community metrics company, Walkscore. The guys who run WalkScore have grown their business into household name nationwide, and have remained the same gracious, humble, community-conscious entrepreneurs in the meantime. You can’t help but feel happy that Josh and Matt are putting a little bit of money in the bank now. Walkscore’s products have always looked like a goliath in terms of long-term potential eyeball attraction that hadn’t received their appropriate financial payoff. That chapter has now been closed. (Let’s … Read More »
by Drew Meyers on 7:06 am August 21, 2014
Apparently Redfin folks agree with me; Matterport is the real deal. They just released their 3D tours today… Which major brokerage is next in line?
by Drew Meyers on 10:21 pm May 12, 2014
Redfin’s CEO, Glenn Kelman, penned a post today, titled “Real Estate Brokers Can Coexist With National Portals by Changing the Way We Share Data“ I wanted to call attention to this paragraph: Brokerage sites, including Redfin, should drive more traffic to listing brokers In the Internet Data Exchange (IDX) feeds shared with other brokerage websites, MLSs should include Google-friendly links to source listings. Requiring every MLS subscriber to link to the source listing will ensure that brokers with more listings get much more traffic, from … Read More »
by Drew Meyers on 7:44 pm November 14, 2013
Realogy and Trulia getting married? Redfin raised $50 million (Glenn wrote about it here) “Pocket listings” is causing a stir …and, WOW, apparently Greg Robertson will finally shed light on the Realty Alliance issue come Monday. In other, non-real estate news, Snapchat turned down $3 billion. What did I miss?
by Drew Meyers on 7:58 am April 24, 2013
Let’s face it. No matter what industry you work in – you want the inside scoop. If it’s not public knowledge, your desire to know anything and everything escalates — for no other reason than curiosity of the unknown. A few days ago, I was talking to a friend of mine who is an agent in Seattle — and got to talking about what a smart lead acquisition strategy Redfin has deployed with their Offer Insights (launched earlier this year). Offer Insights provides real-time statistics and notes from Redfin … Read More »
by Sam DeBord on 5:50 pm October 6, 2011
After the latest attempt at publishing MLS sales statistics for real estate agents in a public forum went down in an inglorious blaze, many people inside and outside the industry are still interested in the possibility of a second try. It may be an outside 3rd party that creates such a service, but I’d be more inclined to believe that a push from within the industry would lead to the creation of a more comprehensive database. That may or may not happen, but it makes sense to … Read More »
by Drew Meyers on 5:00 pm October 4, 2011
WOW. Redfin just pulled the plug on their VERY talked about Scouting Report feature just 5 days after releasing it to the world. Why did they take it down? According to their CEO Glenn Kelman: The basic problem is that the data wasn’t accurate, first because of bugs then ultimately because of problems with the source data in MLSs. I have to admit, I wasn’t expecting they’d take the whole thing down. I thought they’d iterate, change the interface a bit, fix some data challenges, … Read More »
by Sam DeBord on 4:18 pm
The real estate industry, slow to adapt to new technology, has been experiencing growing pains from outside startup technology companies pushing the boundaries of its comfortable digs. The latest flavor of dust-up was well-documented by Drew Meyers of Geek Estate. Redfin’s Agent Scouting Reports change the nature of how formerly-private sales statistics are displayed in a public forum. While most of the discussion has centered on the vast inaccuracies of the reports, the lack of adherence to MLS membership rules, and the lack of transparency in … Read More »