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Redfin layoffs impact real estate company’s Concierge service

GeekWire

Support and sales managers within the company’s real estate brokerage were also impacted by the layoffs. In 2022, responding to a housing market slowdown, Redfin laid off staff and ditched its iBuying program. million, up 7% year-over-year, while net losses were $27.9 month-over-month in July.

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Real estate giant Redfin beats Q2 estimates with $214M in revenue; CEO says ‘we’re inside a tornado’

GeekWire

Seattle-based real estate company Redfin topped Wall Street estimates for its second quarter earnings , reporting $214 million in revenue, up 8%, and a net loss per share of $0.08. The real estate market is on a roller coaster this year as buying activity slowed due to the pandemic but has rebounded in recent months.

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Redfin partners with security giant ADT for program that lets buyers tour homes without an agent

GeekWire

Redfin’s Direct Access program enables buyers to tour a home by unlocking the door via an app and connected smart lock. Tech tools such as video tours have increasingly helped power real estate transactions during the pandemic, decreasing the need for face-to-face interactions. Its net loss widened to $27.9

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Redfin lays off 201 employees as housing market continues to retrench

GeekWire

This is the third time in less than a year the Seattle real estate company has conducted a workforce reduction. Redfin said last November that it would wind down its home-flipping program RedfinNow and eliminate 862 positions, or 13% of its workforce. The company also reported a net loss of $61.9

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Redfin CEO: ‘The housing market could get worse’

GeekWire

housing market continues to show signs of weakening, impacting Seattle real estate tech companies such as Zillow Group and Redfin. The company also said it plans to shut down its home-flipping “iBuying” program RedfinNow. The Seattle real estate giant reported revenue of $600.5 13 in Seattle.

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Redfin posts $191M in Q1 revenue; CEO says tech will help real estate giant navigate COVID-19 crisis

GeekWire

The Seattle real estate company posted its first quarter earnings report on Thursday with $191 million in revenue, up 73% and beating expectations of $178 million. Net loss per share came in at $0.64, lower than estimates of -$0.75. (GeekWire Photo / Nat Levy). million last year, with a $201,000 loss.

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Redfin ready for a ‘revolution’ after commissions verdict

GeekWire

GeekWire File Photo / Dan DeLong) [This story originally appeared on Real Estate News. Net loss: $19 million, an improvement over the previous quarter’s net loss of $27.4 million, and significantly better than the net loss of $90.2 Redfin CEO Glenn Kelman at the 2018 GeekWire Summit. million, down from $232.2