Redfin Lays Off 20 Percent of Staff

NEW -> Contingent Buyer Assistance Program
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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.

Redfin Layoffs
 
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.
 
WestparkRenter said:
VCs are telling companies to cut back expense and survive this economy. Another tech burst coming.
Click to expand...

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.

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This one is for NoVaseline! :lol:
 
Click thru to the original Redin blog link at http://blog.redfin.com/blog/2008/10/a_very_tough_day.html 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?
 
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