Redfin reports net loss of $90.2 million after layoffs, iBuyer shutdown
Redfin announced significant losses and a new round of layoffs in anticipation of a continuing slowdown "at least through 2023."
Updated November 9, 2022
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- T3 Tech Summit: How technology can simplify real estate transactionsSpeakers and vendors at the inaugural event focused on tech solutions that add value for real estate professionals.November 2, 2022
- With extreme weather on the minds of buyers, where are the climate havens?As natural disasters become more costly and more frequent, climate risk is likely to have an increasing impact on homebuying decisions.Updated November 2, 2022
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- Freddie Mac: Mortgage interest rate hits 20-year highThe average 30-year rate crossed the 7% threshold this week, the highest rate since April 2002.October 27, 2022
- Where are the affordable homes? Scranton tops the listZillow looked at home values and median household incomes to come up with the 10 most affordable markets in the country.October 26, 2022
- Zillow announces another round of layoffsThe most recent Zillow layoffs come just ahead of the company's Q3 earnings release.October 26, 2022
- Home prices show biggest monthly decline in over a decadeThe latest data from Case-Schiller and FHFA highlights the slowdown's impact on home prices, with the greatest declines in West Coast markets.October 25, 2022
- As home prices dip, so do profit marginsA new report from ATTOM indicates profit margins are starting to come down as interest rates rise and home sales slow.October 25, 2022
- Utah MLS CEO recognized for leadership, innovationBrad Bjelke was recently named the Shuttleworth MLS Executive of the Year for working to build a better marketplace.October 24, 2022
- ‘Focus on a career, not a year’: Gary Keller on working through a downturnKeller sees opportunities for agents and brokers who remain proactive and double down on the aspects of their business that work well.October 23, 2022
- Tech companies focused on tools to help agents thrive in a slower marketCEOs of MoxiWorks and Curaytor discussed how tech can support agents and give them more time to do what they're best at.October 23, 2022
- Housing affordability worse across the US, but a correction is comingAn ATTOM report finds that affordability continues to dip in nearly every county, but signs point to a gradual easing and slower rates of home appreciation.October 21, 2022
