Redfin’s 8 predictions for the 2018 housing market

Redfin chief economist Nela Richardson says fears about an impending housing bubble can be put to rest, thanks to a solid sale-to-list ratio and declining homebuyer debt in the nation’s most competitive and high-priced markets, but tax reform could negatively impact homeowners and dissuade aspiring homebuyers, which will prolong inventory shortages and high mortgage rates that have risen to their highest level in 10 years …

Why does Compass keep winning?

Jeff Lowe, Chicago’s top-producing broker, was finishing a stationary bike workout when the emails started flying in on Thursday morning. News that the SoftBank Vision Fund had agreed to a $450 million investment into real estate brokerage Compass — claimed to be the largest real estate tech investment in U.S. history — was sending ripples throughout the industry …

Redfin plans to increase gender and racial diversity

Redfin today released its 2017 diversity report, which outlines the gender, racial and ethnic makeup of the company’s employees. This is the third year of these reports, which CEO Glenn Kelman started as a transparent look into the brokerage’s quest to become “one of the most diverse tech employers in technology.” …

Redfin’s new concierge service will clean and stage your listings

Seattle-based tech brokerage Redfin is stepping deeper into the home transaction with the trial launch of its new amenity, Redfin Concierge Service. For a 2-percent listing fee, Redfin Concierge will coordinate, supervise and pay for services such as deep cleaning, painting, staging and landscaping for listings worth at least $500,000. As of now, the trial service is only available in Los Angeles and Washington, …

End of net neutrality could spell doom for real estate small businesses

In a sweeping rebuke to internet companies and consumers, U.S. Federal Communications Commission Chairman Ajit Pai on Tuesday released a plan to repeal so-called “Net Neutrality” regulations, a move with far-reaching implications for mom-and-pop broker…

Why is real estate startup funding on the rise?

When the economy is humming along that’s when you’ll see more venture capitalists come out of the woodwork. In many markets, it’s been awhile since the real estate industry attracted VC attention. But times — they are a-changin’ …

Will the real estate industry go back to the Dark Ages after 2018?

Mark your calendars: one year from tomorrow, the way shoppers currently search for homes online, and the way brokerages like Redfin can present home listings to consumers, could change in significant ways. That’s because November 18, 2018, will mark the …

Redfin makes market share, revenue gains in the third quarter

In its second earnings call since going public in July, web-based brokerage service Redfin announced a 35-percent spike in year-over-year revenue …

Compass raises $100M on $1.8B valuation, IPO ‘possible’

Compass executives now may be setting their sights on an initial public offering, though CRO Rob Lehman insisted private investment was enough for now …

The luxury market is suffering an inventory shortage

The nation’s luxury market is seeing an inventory shortage and a price increase of 4.9 percent in Q3 as a consequence, according to a new Redfin report …