GeekWire

The new realities of real estate: Redfin CEO on tech, climate, housing, and the era of 'a thousand HQs'


Listen Later

Redfin CEO Glenn Kelman joins us on this episode of the GeekWire Podcast to discuss the latest twists in the housing market; delays in returning to the office; the role of climate in real estate; how technology is changing homebuying; and the impact of remote work and migration on Seattle and other big U.S. cities.

In some ways, "it's our employees who are deciding where Redfin's headquarters are going to be," Kelman says. "We now have 1,000 headquarters. There are people who have moved all over the country."

In literal terms, Kelman explains, he's committed to keeping Redfin's headquarters in Seattle. But he says the migration of employees creates a new dynamic for city officials seeking to work with business leaders to address economic inequality.

We talked after the tech-oriented real estate brokerage released its second-quarter earnings report this week. Redfin's revenue jumped 121% to $471 million, and its net loss widened to $27.9 million from $6.6 million a year earlier. Kelman also addressed the dynamics prompting Redfin to focus on growth over profits.

Earlier in the week, Redfin announced a new feature for home listings: a numerical rating that gives a climate score to a given house or property, analyzing the risk of heat, fire, drought, and storms over a 30-year period by county, city, neighborhood and zip code. Redfin is partnering with ClimateCheck on the feature.

On the COVID front, Redfin had planned a broad reopening of its headquarters and field offices for Sept. 6, but told employees this week that the milestone would be pushed back indefinitely for now, promising to give them at least 30 days notice of the new date. Those working in the office must be vaccinated, and the company is asking those who haven’t been fully vaccinated to work from home.

Microsoft said the full reopening of its U.S. workplaces will happen no earlier than Oct. 4. Amazon went even further, delaying its return to January 2022.

Podcast edited and produced by Curt Milton; Theme music by Daniel L.K. Caldwell.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

GeekWireBy GeekWire

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

115 ratings


More shows like GeekWire

View all
Uncanny Valley | WIRED by WIRED

Uncanny Valley | WIRED

479 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,079 Listeners

Decoder with Nilay Patel by The Verge

Decoder with Nilay Patel

3,140 Listeners

Channels with Peter Kafka by Vox Media Podcast Network

Channels with Peter Kafka

556 Listeners

Equity by TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Max Zeff, Theresa Loconsolo

Equity

340 Listeners

Bold Names by The Wall Street Journal

Bold Names

1,443 Listeners

Tech Brew Ride Home by Morning Brew

Tech Brew Ride Home

967 Listeners

TechCrunch Daily Crunch by TechCrunch

TechCrunch Daily Crunch

41 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,444 Listeners

Big Technology Podcast by Alex Kantrowitz

Big Technology Podcast

469 Listeners

Hard Fork by The New York Times

Hard Fork

5,496 Listeners

This Day in AI Podcast by Michael Sharkey, Chris Sharkey

This Day in AI Podcast

209 Listeners

The AI Daily Brief: Artificial Intelligence News and Analysis by Nathaniel Whittemore

The AI Daily Brief: Artificial Intelligence News and Analysis

552 Listeners

Beyond The Prompt - How to use AI in your company by Jeremy Utley & Henrik Werdelin

Beyond The Prompt - How to use AI in your company

57 Listeners

Training Data by Sequoia Capital

Training Data

40 Listeners