Redfin Lays Off 20 Percent of Staff

NEW -> Contingent Buyer Assistance Program

EquityMind_IHB

New member
<sigh> I really really want this one to succeed. I love their business model and I personally think this is the best real estate site out there with amazingly useful information at their fingertips.



<a href="http://www.alleyinsider.com/2008/10/real-estate-market-finally-catches-up-to-web-realty-firm">Redfin Layoffs</a>
 
Redfin is 1000 times better than Realtor.com, I wonder if there's another business model that could monetize Redfin's software better?
 
I think it will just take time. I think they're well funded... its the amazon business model. If they can last another 3 years, they'll become the defacto real estate transaction site.
 
[quote author="WestparkRenter" date=1224134158]VCs are telling companies to cut back expense and survive this economy. Another tech burst coming.</blockquote>


except, look at a lot of the solid tech companies. THey're posting decent profits. I think the web 2.0 vaporware companies are going to get wiped out. But the rest should be ok.
 
Yes, I enjoy redfin also. But I'm a bit upset that I had to go through alot of work just to get to see some units. Even with this, they were/are lightyears ahead of anybody else.



I finally secured a decent line of funding... and this is how i feel, time for some shopping! Hopefully Redfin might be able to help me.





<object width="325" height="250"><embed src="http://www.youtube.com/v/youtube" type="application/x-shockwave-flash" width="325" height="250"></embed></object>



This one is for NoVaseline! :lol:
 
Click thru to the original Redin blog link at <a href="http://blog.redfin.com/blog/2008/10/a_very_tough_day.html">http://blog.redfin.com/blog/2008/10/a_very_tough_day.html</a> and there is some more interesting anecdotal data...



Since then, we?ve fought like starving animals, and with some success: while industry-wide transaction volumes dropped 33%, we grew revenues by nearly 50%. Traffic grew more than 300%.



Even a month ago, we were raising 2009 revenue projections. All our markets, now including Chicago, contributed profits.



But the past few weeks have seen a major reversal. As the stock market wiped out prospective down-payments, tours and offers dropped 30%. Transactions that were done came undone. October will still be pretty good, then we?re headed for a big dip.
 
i love the redfin site, and really hope that they make it too!



is there any other site where you can download excel compatible data?
 
Back
Top