Redfin employees see pink in 20 percent layoff

Online real estate service Redfin Corp. slashed its staff by 20 percent yesterday in order to stay afloat during the economic downturn — despite strong revenue and $21 million in VC backing from Draper Fisher Jurvetson, Madrona Venture Group, Vulcan Capital, BEV Capital and the… Continue Reading

Zillow gets $30M more for online real estate — despite credit crunch

Zillow gets $30M more for online real estate — despite credit crunch

Zillow, the controversial website that gives value estimates of people’s homes and other real estate info, has raised a significant $30 million of funding, despite the mortgage industry credit crunch.

The Seattle company has now raised a hefty $87 million in total funding during its short… Continue Reading

Redfin cuts out real estate agents, raises another $12M

Redfin cuts out real estate agents, raises another $12M

[Note: This story was originally published Tuesday evening, but a software bug caused it to disappear. We're publishing again]

Updated

Redfin is one of the more controversial web companies trying to make home buying and selling more profitable. Specifically, it’s cutting out real estate agents.

Eager to do… Continue Reading