In closing today’s $2-billion sale of Redfin to Rocket, Redfin has made a careful inventory of every asset to convey to our new home: the sofas, the coffee table, the books. And now that we’ve rolled down the door of the van and set the latch, we just realized that we need to pop back
Because we believe that all buyers should be able to see all listings, Redfin.com will not publish any listings that have been publicly marketed before being shared with all real estate websites via the MLS. To encourage home-sellers to market their listings via the MLS, Redfin is also asking MLSs to create a coming-soon designation
This article was also published on Inman. With NAR’s new pocket-listing policy, brokers can, with the seller’s consent, withhold listings from public view on real estate websites. The new rule requires that the listings be shared with other brokers, via local Multiple Listing Services. This means that, as a broker that also runs a large
Email from Redfin CEO, Glenn Kelman VERY BIG NEWS Redfin, We’ve entered into an agreement for Rocket Companies to buy Redfin in an all-stock deal that values Redfin at $2.4 billion. You probably already know that Rocket pioneered the first completely digital home loan, and that its mission is to “help everyone home,” but that’s
Donald Trump’s re-election seems to have had immediate consequences for housing in America. Demand from home-buyers requesting service through Redfin’s site, which was already stronger since the Federal Reserve’s September 18 rate cut, was about 25% higher this weekend than the same weekend last year, the largest year-on-year gain since the downturn began in 2022.
We can’t keep debating the consumer benefits of Clear Cooperation, the National Association of Realtors’ policy against pocket listings. The data is clear that sellers get higher prices by publicly marketing listings, and that buyers, especially buyers of color, want to see all the homes for sale. One Reason Clear Cooperation Is Under Attack: To