Redfin in the News

Sep. 2, 2009: Critics say the real-estate industry has been slow to react to new realities, using outdated methods of business. But one Seattle start-up is trying to shake things up.

August 24, 2009: Redfin provides the same information that real estate agents have in their computers, like price history, pictures and comparables.

June 1, 2009: Glenn Kelman, chief executive of Redfin, an online real estate brokerage, contends that Web start-ups that do not carry ads are forced to excel at certain things that are essential to Silicon Valley's promise, like developing software that solves users' problems and upending the way certain industries run.

May 11, 2009: When raising money for his online real estate brokerage, Redfin, two years ago, Glenn Kelman got the cold shoulder from many Silicon Valley venture capitalists. His entrepreneurial deficiency: The revenue was going to come from fees paid by people buying and selling homes on the Internet--instead of from sales of advertisements on the Web site.

Aug. 1, 2008: Redfin crunched the numbers to figure out which sellers are more likely to negotiate. Here are Redfin's tips on how what to look for when searching for a housing bargain. Diane Sawyer gets the scoop from Redfin CEO Glenn Kelman.

Jun. 18, 2008: Linda Flynn is among a growing number of home buyers who swear by Redfin, an online start-up in Seattle that has rocked the real estate market ... Redfin's easy-to-use website provides consumers market data on home-sales histories, school districts and other information. Then Redfin brokers and agents take home buyers on house tours and negotiate and close deals.

Dec. 14, 2007: TODAY's Meredith Vieira talks to Glenn Kelman, president of Redfin, an online brokerage, about the science behind what makes a house sell, when to sell it, and what you can get for it.

May 13, 2007: Realtors' sacrosanct commission rates of 6 percent may be in danger due to emerging online competition from Internet real estate sellers and buyers. Lesley Stahl reports. video, full text

Sep. 3, 2006: "Redfin and other innovators ... are using technology to reduce costs and to save time for their brokers. Agents don't find and recommend homes - customers do that on their own, using Internet listings - and that enables agents to charge less for the services they do provide, chiefly handling the paperwork and negotiations."