Glenn Kelman @glennkelman Twitter profile

Last Seen Profiles

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Glenn Kelman

@glennkelman

3 years

1 of 15: It has been hard to convey, through anecdotes or data, how bizarre the U.S. housing market has become. For example, a Bethesda, Maryland homebuyer working with @Redfin included in her written offer a pledge to name her first-born child after the seller. She lost.

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Glenn Kelman

@glennkelman

3 years

@aubreyhirsch I work at a company that does plenty of consumer research; we often segment answers by gender. The most consistent difference, by far, is men's unwillingness, even for the most impossible questions, to say, "I don't know."

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Glenn Kelman

@glennkelman

3 years

14 of 15: it’s not just income that’s k-shaped, but mobility. 90% of people earning $100,000+ per year expect to be able to work virtually, compared to 10% of those earning $40,000 or less per year. The folks who need low-cost housing the most have the least flexibility to move.

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Glenn Kelman

@glennkelman

3 years

2 of 15: There are now more Realtors than listings.

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Glenn Kelman

@glennkelman

3 years

15 of 15: an investor recently said, with an ancient touch of awe but also greed, that one source of America’s miraculous economic recovery was the bounty of “the land itself.” We have more room to grow than we ever imagined. We just have to make sure that benefits everyone.

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Glenn Kelman

@glennkelman

3 years

3 of 15: Inventory is down 37% year over year to a record low. The typical home sells in 17 days, a record low. Home prices are up a record amount, 24% year over year, to a record high. And still homes sell on average for 1.7% higher than the asking price, another record.

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Glenn Kelman

@glennkelman

3 years

4 of 15: But in two of America’s largest cities, inventory has increased, in New York by 28%, in San Francisco by 77%. San Francisco hasn’t had an inventory increase this large since 2008. And still in both markets, prices are increasing.

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Glenn Kelman

@glennkelman

3 years

13 of 15: The average housing budget for out-of-towners moving to Nashville was $720K, ~50% higher than locals’ $485K budget. It used to be coastal elites who worried that every adult in the family had to win a career lottery, just to afford a home. Now that feeling may spread.

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Glenn Kelman

@glennkelman

3 years

11 of 15: This migration to lower-cost areas may lead to lower workforce participation. For many families @Redfin has relocated, the money saved on housing costs lets one parent stop working. A wave of Redfin customers are retiring early.

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Glenn Kelman

@glennkelman

3 years

6 of 15: Lumber prices are up 300%.

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Glenn Kelman

@glennkelman

3 years

7 of 15: In Redfin’s annual survey of nearly 2,000 homebuyers, 63% reported having bid on a home they hadn’t seen in person.

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Glenn Kelman

@glennkelman

3 years

9 of 15: Even though most of the people who moved got a bigger home, 78% reported having the same or more disposable income after their move. Idaho home prices could triple and still seem affordable to a Californian.

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Glenn Kelman

@glennkelman

3 years

5 of 15: In 2020, new-construction permits were *down* 13% in DC and New York, 40% in LA, 48% in Chicago, 50% in Seattle, 79% in San Francisco. Permits were *up* 25% in Miami, 56% in Vegas, 96% in Greenville, 122% in Detroit, 246% in Knoxville.

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Glenn Kelman

@glennkelman

3 years

12 of 15: Lenders are calling employers to confirm that the homebuyer will have permission to work remotely when the pandemic ends. Rates are lower for loans on primary residences, and the lender also wants to make sure the borrower actually plans to work after getting the loan.

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Glenn Kelman

@glennkelman

3 years

10 of 15: For low-tax states, 4 people move in for every 1 who leaves. For Texas, this ratio is 5:1; for Florida, 7:1. Cites & states have no leverage to raise taxes, after many promised new money for social justice; the federal government will have to fund long-term investments.

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Glenn Kelman

@glennkelman

3 years

8 of 15: In an April survey of 600 users who had relocated in the past year, about two thirds of the people who moved got a house the same size or bigger, but about the same proportion, two thirds, spent the same or *less* on housing.

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Glenn Kelman

@glennkelman

4 years

. @jason & @balajis are rallying CEOs to boycott the NYT. This is wrong. Outnumbered & underfunded, the NYT works hard to get it right. It's the NYT's job to be a skeptic. It's our job as CEOs to welcome skeptics. It's one of the ways you earn the power of running a tech platform.

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Glenn Kelman

@glennkelman

2 years

@sama That the more you are needed — by children, friends, aging parents, a spouse, a cause — the happier you are, even if all those demands can be exhausting or stressful. You will realize this only as you become less needed.

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Glenn Kelman

@glennkelman

4 years

1 of 7: Seasonally adjusted home-buying demand just surpassed pre-pandemic levels, by 5.5%. It feels like the economy has officially split in two. For the lucky ones, this hasn’t been a recession at all, but a sale: on stocks, on money itself, & on houses, which dipped in March.

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Glenn Kelman

@glennkelman

4 years

1 of 10: Redfin just published our weekly report on housing demand, and once again it’s loaded with numbers & juicy insights from our agents. Demand is 25% above pre-pandemic levels. Buyers haven’t “batted an eyelash” over the possibility of a resurgent pandemic or now protests.

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Glenn Kelman

@glennkelman

2 years

@realEstateTrent Well, we’ve tried that. Few buyers used it, those who did often offered very low prices for the homes, and the listing agent was mostly annoyed. There were execution problems that were my fault, and I think about those every day. But it’s tricky to pull off for sure.

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Glenn Kelman

@glennkelman

2 years

1 of 16: On 3.15.22, we said housing was “cresting,” and that it was “crazy for demand to be so strong in the midst of war, market volatility & inflation.” The market worsened each month through November. Now we believe the market, while still fragile, is recovering. Here's why!

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Glenn Kelman

@glennkelman

4 years

In @Redfin 's early days, when we had only a handful of employees, I visited @zappos to learn how to build a culture of service. At one point, I was introduced to Tony, who plucked me out of the tour, took me to lunch, and spent the afternoon answering my questions. Who does that?

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Glenn Kelman

@glennkelman

3 years

1 of 16: The bidding wars that opened 2022 may be cresting. A buyer took possession of a Florida condo after a broken elevator prevented the seller from moving out. Irate from having paid so much, the buyer changed the locks and charged the seller $10,000 to access her furniture.

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Glenn Kelman

@glennkelman

3 years

What I’ll miss about the pandemic is being home every day with my family. Coming back from my first business trip late last night, I saw this sign on my youngest son’s door. We’ve gotten used to each other.

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Glenn Kelman

@glennkelman

2 years

@balajis Can you name a health sciences or IT advancement that doctors have opposed, to the detriment of patient health, only to protect their own livelihoods? Why do we need a villain to make ourselves feel like heroes? As much as anyone, the patients will want human judgment & care.

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Glenn Kelman

@glennkelman

3 years

1 of 2: Redfin just finished a reduced-stress week. We still served clients, but discouraged meetings, or email requests for work. In advance, we moved some deadlines back a week & cut a few projects. Some employees worked the same hours, some fewer. Mostly, folks got caught up.

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Glenn Kelman

@glennkelman

4 years

1 of 6: Redfin’s seasonally adjusted home-buying demand is now 16.5% above pre-pandemic levels. Of the listings that accepted an offer last week, 45% had been on the market less than two weeks. At least for housing demand, this is the definition of a V-shaped recovery.

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Glenn Kelman

@glennkelman

2 years

@adamm0rgan You look forward to getting that list for 15 years and then, on your 35th birthday, it's empty.

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Glenn Kelman

@glennkelman

3 years

@emilychangtv Many ask what has kept me here 16 years, but in fact it has been 32: Redfin's in my dreams. The dream never changes: to come through for an investor, customer or employee who just gave us a shot. If a blunder makes us less valuable, I can barely breathe. That didn't happen today.

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Glenn Kelman

@glennkelman

2 years

@AskTheGiver "Find a woman who loves to cook for you?" It's 2022! We dudes can cook ourselves!

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Glenn Kelman

@glennkelman

2 years

1 of 12: for 8 days last year, I was on top of a New Mexico mountain, filming a reality show about @Redfin 's business of buying homes on the spot. It debuts Friday. It was a bizarre episode in what has already been a charmed life. Here's what I learned:

How Redfin Ended Up on a Reality TV Show

This Friday, Netflix is premiering six episodes of a reality-TV show featuring Redfin. On Buy My House people try to sell their homes on the spot to four real-estate entrepreneurs: Brandon Copeland,...

www.redfin.com

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Glenn Kelman

@glennkelman

3 years

1 of 3: And we wonder why there's a shortage of service workers. I've dedicated my career to service not just to earn a living, but as a humble way to be. I still believe that the new business religion of the customer's always right has ended so much chicanery & self-dealing.

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Glenn Kelman

@glennkelman

3 years

2 of 2: We thought about a problem uninterrupted, unhurried. Maybe we got more done. Maybe what we did was done better. It felt nice. I can’t say why it hadn’t occurred to us before, but now we’ll likely do it every few months. People do good work, if you let them. Give it a try!

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Glenn Kelman

@glennkelman

4 years

We love you RentPath! The folks on who want to see rental listings can almost double RentPath's audience. And you can broaden Redfin's mission to redefine real estate for all consumers, not just the ones who can afford to buy a home

Redfin Agrees to Buy RentPath for $608 Million

Acquisition brings together a leading site for homebuying with a leading site for rental listings

www.redfin.com

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Glenn Kelman

@glennkelman

3 years

Hooray! Redfin's offering a $5,000 subsidy for our agents & photographers to buy electric cars! And there's more in the works to combat climate change, including support for customers to make their new homes more sustainable. Stay tuned!

Redfin Offers Electric-Vehicle Subsidy to Agents and Other Employees

For Redfin agents, photographers and other employees who drive for work, Redfin is now giving a $5,000 subsidy for electric-car purchases.

www.redfin.com

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Glenn Kelman

@glennkelman

3 years

@BackpackerFI I was just on a Bloomberg Twitter Space, but I can do another if you think people would like to listen Danny.

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Glenn Kelman

@glennkelman

1 year

@elonmusk @DavidSacks But the loss in demand for commercial real estate is what's driving demand for residential real estate. People who work from home need more space at home. Sales volume is down because inventory is down. Today, home prices increased for a second straight month.

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Glenn Kelman

@glennkelman

5 years

After my bike was stolen, the King County Metro Transit Police recovered it, then called the wonderful people at @VeloBikeShop to help figure out whose it was. I’d told my wife there was no point in even calling the cops, because no one would care. But everyone did.

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Glenn Kelman

@glennkelman

3 years

@InvestmentTalkk @BahamaBen9 My belief we can win is genuine. But in this call, we also volunteered we’d lost some agents to other brokers, traffic-share to Realtor, cash offers to Opendoor. We talked about lending growing pains. Why would we want investors who misunderstand our business? We told the truth.

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Glenn Kelman

@glennkelman

4 years

6 of 7: What's changing isn't just where people live, but what they want. Florida @Redfin manager MaryDell Penney said, “Pre-COVID, people wanted beautiful open floor plans. After months in quarantine, buyers want quiet spaces to get away from everyone else, for school and work.”

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Glenn Kelman

@glennkelman

3 years

Our youngest son just told me "you used to be a grape but now you're a raisin."

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Glenn Kelman

@glennkelman

4 years

In determining who gets vaccinated first, we've easily decided that doctors, nurses, teachers, janitors, food producers, first responders and manufacturing & fulfillment-center workers are crucial to our society. When this pandemic ends, I hope we start to pay them that way too.

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Glenn Kelman

@glennkelman

2 years

16 of 16: Maybe the sea change our country was going through, in which each of us got to live where he wants, wasn’t a fad but unfinished business, cut short by a rate hike. The market could still easily falter. But housing in January has been stronger than anyone could’ve hoped.

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Glenn Kelman

@glennkelman

2 years

@Chris_Smth Why mock up insults over the holidays? If you had bad service from a Redfin agent, please tell us. Redfin customers are more likely to use us again. For 7 years, we've sold homes for more money. For 18, we've gained share. The people you're disparaging are my colleagues & friends

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Glenn Kelman

@glennkelman

2 years

I hope the show honors everyone at Redfin. Our work isn't always glamorous, but it should be! I participated to tell the world about our amazing company & maybe also because it seemed like a weird, fun thing to do. I hope it's also fun to watch.

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Glenn Kelman

@glennkelman

3 years

We put together a top-10 list of novel tactics to win an offer. It turned out 56 items long. My favorite move is reverse-offer deadlines, where the offer includes a $10,000 bonus if it’s accepted before 5:00 that day.

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Glenn Kelman

@glennkelman

3 years

1 of 8: Redfin has been researching how we can guide our customers to make sustainable choices when buying homes, which generate 20% of U.S. greenhouse gases. Unless you commute 30+ miles a day, your home may emit more carbon than your car.

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Glenn Kelman

@glennkelman

3 years

1 of 5: The data’s in on Redfin’s reduced-stress week! From August 2 - 6, we canceled meetings, discouraged managers from assigning new tasks, & gave ourselves the latitude to work the same or fewer hours. 72% of employees reported getting the same amount of work done, or more.

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Glenn Kelman

@glennkelman

4 years

4 of 7: Boise @Redfin agent Kristin Lopez said, “90% of my clients are coming from California, Seattle or Portland. People were thinking about relocating or talking about relocating before the pandemic, but COVID was the straw that broke the camel’s back.”

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Glenn Kelman

@glennkelman

3 years

That difference is why investors & individual homeowners would rather rent than sell. The Fed’s actions saved the economy in 2020, but will limit housing inventory for 30 years to come. The bidding wars created by this inventory crunch have been the worst I've seen in 17 years.

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Glenn Kelman

@glennkelman

1 year

1 of 10: In California, Redfin today launched a new plan to pay agents commission splits as high as 75%, with 100+ customer introductions a year, support staff, benefits. This is a response to several trends: higher prices, more competition, volatility.

A New Day for the Brokerage Industry: Redfin Next

Redfin agents now get the best of both worlds: a big traditional split on their own deals coupled with Redfin.com customers, benefits and support.

www.redfin.com

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Glenn Kelman

@glennkelman

3 years

The main observations I've had since getting a dog have run in parallel, without ever meeting, until now: 1. How can he sleep so much? 2. Why's he always so happy?

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Glenn Kelman

@glennkelman

4 years

7 of 7: All of this is put together every week by my brilliant colleague @AdamRedfin , with input from @Redfin 's amazing agents. There are so many more juicy insights at

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Glenn Kelman

@glennkelman

2 years

4 of 16: What has been different about this downturn is that inventory never really rose. Sure, from 12.21 to 12.22, it was up by 12%, but it’s at roughly *half* the levels it was in 2016. Less than 2% of homeowners are underwater on a mortgage, compared to 30+% in 2008.

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Glenn Kelman

@glennkelman

2 years

It's corny but true: every CEO is a we, not a me.

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Glenn Kelman

@glennkelman

4 years

My twin brother, who rounds up the neighborhood dogs and takes them on a walk, has been sick. They're glad to have him back.

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Glenn Kelman

@glennkelman

5 years

A week ago, .5% of Redfin home tours scheduled via our website requested video-chat. Yesterday, it was 12%. That's a 24-fold increase in one week.

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Glenn Kelman

@glennkelman

6 years

Instead of complaining about the talent pipeline, we made our own. The result: a third of our technical folks are women, & we solved multi-million dollar problems that had confounded less-diverse teams. All the credit goes to ⁦ @SVBridget ⁩ & her team.

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Glenn Kelman

@glennkelman

3 years

3 of 3: We debate if benefits should fall or wages should grow. I favor more wages. But money isn't everything. We work for money, but also dignity. When a job doesn't offer dignity, no one can blame a flight attendant for calculating to the penny how to avoid a day like this.

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Glenn Kelman

@glennkelman

3 years

1 of 7: a Saturday night in the ER of a Seattle hospital made me believe in the goodness of our society more than ever. A nurse in the elevator told me she’d been called in. "Short staffed," she said. Another nurse looked up from her phone to say, “four psych patients in triage.”

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Glenn Kelman

@glennkelman

4 years

On June 12, we said home-ownership levels may "meaningfully increase for the first time in 15 years." Today, there was the largest jump in home-ownership rates in history.

Glenn Kelman

@glennkelman

4 years

9 of 10: Many renters in the city are buying in more affordable outlying areas; home-ownership levels may meaningfully increase for the first time in 15 years.

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Glenn Kelman

@glennkelman

3 years

Even still, we’re supply-constrained. Last quarter, 18.4% of homes sold to investors, a record; the 10-year average prior to the pandemic was 12.6%. Another record: 71% of homes in February sold in bidding wars. Pre-pandemic, when inventory was still low, the average was 55%.

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Glenn Kelman

@glennkelman

9 years

. @reidhoffman 's dead-on hiring advice: if you told me "pick one, references or an interview," I'd pick references every day of the week.

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Glenn Kelman

@glennkelman

3 years

A Black vet, his 15 year-old & his agent were assumed to be burglars while touring a listing on Sunday afternoon. 6 officers arrived, guns drawn, cuffing all three for 20 minutes. "It felt like a SWAT team." The agent had worked in the area for 20 years.

A Black Army vet toured a house with his real estate agent and teen. Police surrounded the home and...

About a half-dozen police officers pointed their guns at a Black real estate agent and his client during a house tour in Michigan.

www.washingtonpost.com

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Glenn Kelman

@glennkelman

3 years

@davenewworld_2 1 of 6: Where Redfin's concerned, this is untrue. We offer every homeowner a choice of a cash offer or a brokered sale, sharing the data we use to price the home. We tell the owner he or she will net more money via a brokered sale. We would rather sell the home without owning it.

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Glenn Kelman

@glennkelman

3 years

It feels crazy for demand to be so strong in the midst of war, market volatility and inflation. We expected rates to increase over 2022 from 3.3% to 3.8%. That happened just in January. Then, mostly yesterday in a few hours, we got a hike of nearly the same size, to 4.4%.

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Glenn Kelman

@glennkelman

4 years

2 of 10: Bidding wars are “bananas” with homes “flying off the shelves.” Sale prices are up 3.1%; asking prices are up 9.9%. Some agents worry about a bubble, but record-low rates and inventory are what's driving prices up, not speculation. Credit is loosening but still tight.

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Glenn Kelman

@glennkelman

6 years

Redfin is opposed to Seattle's proposed head tax, but not to a tax on corporate or personal income. We want to do our part to support an affordable, humane city.

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Glenn Kelman

@glennkelman

3 years

When Russia invaded Ukraine, real estate web traffic fell 3% - 5%. Any big headline-grabbing event, like an election, has that effect. But this has lasted longer. Industry-wide as of Sunday, tours of listings were down 13%, though that's compared to freakish 2021 sales activity.

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Glenn Kelman

@glennkelman

2 years

14 of 16: Carissa Aulich, a Redfin Portland agent, said one reason for sustained migration is assortative political mating at national scale. “People are picking up & moving to a conservative state. Idaho is really huge, same with Texas & Arizona.” Political divides are physical.

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Glenn Kelman

@glennkelman

3 years

1 of 5: In '19, the NAR banned pocket listings to promote fair housing. Brokerages made commitments to racial justice. But pocket listings jumped 67%. In many cities, 10+% of homes are sold in secret. Study after study shows who's most likely excluded: Black, Asian, Latino folks.

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Glenn Kelman

@glennkelman

5 years

An unstoppable force, @Redfin agent Dina Gorrell, and a caring society confront a pandemic: a woman sells her Virginia home from an assisted-living facility on lockdown. Through a window, a lawyer guides her through each page of the closing papers, & witnesses her signature.

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Glenn Kelman

@glennkelman

3 years

@fools_gd @tobi @jeffiel I hardly belong on this list but can we challenge its premise? Many people make a company great. Celebrating only the CEO can demoralize the ones doing the actual work. It encourages obscene CEO pay. It makes it hard to challenge bold visions that turn out to be ego trips.

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Glenn Kelman

@glennkelman

2 years

8 of 16: A dearth of homes for sale may be an unintended, 30-year consequence of the Fed’s low-rate binge. Everywhere, move-up buyers with 3% mortgages are deciding to rent out their old place. Lindsay Katz, a Redfin LA agent, said “high LA rents are killing our housing market.”

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Glenn Kelman

@glennkelman

4 years

10 of 10: But it feels weird that housing's so strong when unemployment is high. “Condos are tough right now… Would-be first-time buyers are gonna say screw it. They're just thinking about survival. The ball is going to drop & it'll be interesting to see how it rolls down hill.”

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Glenn Kelman

@glennkelman

7 years

The company people most want to work for in Seattle is @Redfin : And there are still so many ways we plan to get better!

Survey finds a big name in Seattle missing from list of tech companies where people most want to...

A recent survey of tech professionals around the world about which company they would most want to work for produced a few surprises — including in

www.geekwire.com

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Glenn Kelman

@glennkelman

4 years

2 of 7: New listings have increased every week for the last four weeks, but can’t keep up with demand. Inventory is down 24%. Lenders’ forbearance anxieties are still limiting who can get a loan, but it’s a bonanza for those who do: a 3.25% rate.

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Glenn Kelman

@glennkelman

2 years

2 of 16: In the second week of November, the number of people going on their first home tour with Redfin agents was down 33% year over year. By the third week of January, it was still down, but by about half that amount: 19%.

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Glenn Kelman

@glennkelman

3 years

But our most profound advantage has come from our brokerage leader, @JasonAleem , who said to stop complaining about how strong the competition is, and to talk instead about how strong we can be. Our employees & customers needed that. Maybe you do too. GO STRONG!

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Glenn Kelman

@glennkelman

3 years

This goose must have a soul. (How long can we keep pretending that the wild animals we share this world with aren't worthy of any consideration whatsoever?)

Catherine Rampell

@crampell

3 years

An unexpected visitor: Wild Canada goose turns up at animal hospital to await mate in surgery

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Glenn Kelman

@glennkelman

3 years

7 of 7: so many businesses get to pick & choose who our customers are. Some of us have to. But a hospital takes all comers, often with problems a hospital can’t solve. If the people there gave up, & many must think about it all the time, we’d be lost. Thank you. We love you.

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Glenn Kelman

@glennkelman

3 years

Another misconception: that rising rates affect home-buyers more than owners, limiting demand not supply. But the monthly payment for a median-priced U.S. home with a 2.65% mortgage is $1,264. That home will rent for $1,900. Many would-be sellers would rather have ~$600 a month.

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Glenn Kelman

@glennkelman

3 years

I saw this by @speakdeadly at 5 a.m. on a backpacking trip to a wild beach, just before my exhausted, crazy kids woke everyone else up too. I barely read poems, but this one reminded me why poetry exists, as the only possible refutation of nihilism. It reminded me why I exist.

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Glenn Kelman

@glennkelman

3 years

2 of 3: But over the last decade it may have also led to more abusive, entitled consumers, who treat doctors, nurses & real estate agents, waiters, lawn-mowers & retail clerks as if we aren't all humans trying to help one another, in a tone we'd never use with Siri.

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Glenn Kelman

@glennkelman

4 years

7 of 10: Migration continues to be a huge trend. A Redfin Maryland agent reports, “that big migration we’re all expecting, it's beginning to happen. People are now moving more to the interior. A lot of clients are retiring and moving down south to more tax-favorable states.”

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Glenn Kelman

@glennkelman

2 years

15 of 16: What grieves me, as a supporter of dense, sustainable housing, is how many people are leaving cities & especially condos, which are still hard to sell. But what Ms. Aulich said about this trend still struck a chord: “People are really trying to find their sanctuary.”

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Glenn Kelman

@glennkelman

3 years

In Salt Lake City and Boston, police have had to direct the car traffic to open houses. Even in San Francisco, a line for open houses stretched three blocks. Then this happened in Raleigh:

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Glenn Kelman

@glennkelman

3 years

This goes way beyond waiving inspection & appraisal contingencies. Pay the seller’s commissions. Show the sellers your 401(k). Appeal to their greed, but also their humanity: we won once by giving the seller a monthly pizza night for a year.

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Glenn Kelman

@glennkelman

3 years

@apartovi It’s not a crime for founders to believe in their company’s worth. Steve Jobs had a right to want to pay less & you to want more. He bullied you, insulted you, backed out on you, then copied you. You made a mistake and have excoriated yourself for it. His faults were deliberate.

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Glenn Kelman

@glennkelman

2 years

@PallaviGunalan My wife, an oncologist, has made the same point. People can tolerate great pain but the nausea caused by cancer treatments is sometimes unbearable.

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Glenn Kelman

@glennkelman

3 years

This data lets us quantify how changing offer terms helps a buyer win a bidding war. What matters most: a cash offer increases your odds 334%. One reason Redfin spent $100+ million on our own lender was to let more brokerage customers compete with fewer financing contingencies.

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Glenn Kelman

@glennkelman

3 years

Strava has a suffer score, to measure what you went through for a workout. The product that needs that most is Google Docs, surfacing how much kibitzing, revision, wrangling, mot-juste-ing & second-guessing went into a proposal. Nothing could create more workplace compassion.

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Glenn Kelman

@glennkelman

6 years

Redfin’s new TV ad walks through fondue, rotary phones, dial-up modems & Jazzercise to remember all the stuff we don’t do anymore. Now add to that high real estate fees. Redfin's fee is as low as 1%, and we sell your home for more than the one next door.

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Glenn Kelman

@glennkelman

4 years

@balajis @Jason Has the NYT published the article revealing this man's name, or, as you imply, his address & cell #? No one can defend every decision a journalist makes, just as you wouldn't defend every decision entrepreneurs make. But people in power have an obligation to answer to our critics

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Glenn Kelman

@glennkelman

3 years

It’s not just that demand is stronger than before; tech made it faster. This tech includes Redfin’s app, a sort of DoorDash for touring & even buying houses. The time it takes us to notify a customer about a new listing, schedule a tour, then write an offer is measured in minutes

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Glenn Kelman

@glennkelman

2 years

5 of 16: Bidding wars are still the exception, not the rule. But this Sarasota, Florida listing just got 23 offers:

4409 Maceachen Blvd, SARASOTA, FL 34233 - 3 beds/2 baths

(Stellar MLS as Distributed by MLS Grid) 3 beds, 2 baths, 1158 sq. ft. house located at 4409 Maceachen Blvd, SARASOTA, FL 34233 sold for $330,000 on Feb 15, 2023. MLS# A4553666. * This is the One! *...

www.redfin.com

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Glenn Kelman

@glennkelman

4 years

6 of 10: Three-dimensional scans are beating out video-chat tours as the way to tour a home virtually. A quarter of new listings in Orange County or Seattle have these scans. From April to May, views of these scans on increased 42%.

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Glenn Kelman

@glennkelman

2 years

6 of 16: in the Seattle suburb of Issaquah, a $1.4M listing just got 12 offers. The winner was $155K over asking, with no contingencies. Another $980K home sat on the market for 3 months this fall. The owners re-listed it January 10 for $20K less, & accepted an offer in one day.

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Glenn Kelman

@glennkelman

3 years

PS: I’m out of the ER and feeling fine!

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