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2006
December 18, 2006Redfin Hires Michael Young as Chief Technology Officer
SEATTLE - Dec. 18, 2006: Online real estate broker Redfin Corporation today announced the hiring of Michael Young as chief technology officer. Mr. Young brings to Redfin a long history as a leader and an architect at successful start-ups. Most recently, he was a lead program manager for Microsoft BizTalk Server. For eight years prior, he was the chief architect at Plumtree Software, where he worked as an architect and an engineering director from its start-up days to its public off... 
December 06, 2006Redfin Launches "Sweet Digs" as Seattle's First Online Property Review Magazine
SEATTLE - Dec. 6, 2006: Online real estate broker Redfin Corporation today launched "Sweet Digs," the first online real estate magazine to publish reviews of properties for sale across the greater Seattle area. The site, available at http://blog.redfin.com/blog/seattle, already has attracted thousands of subscribers during an early trial period. If successful, the more-ambitious version of the online magazine will expand to San Francisco, Oakland, Calif. and San Jose, Calif. Publis... 
October 19, 2006Redfin Hires Dave Wilner as Vice President of Real Estate Operations
SEATTLE - Oct. 19, 2006: Online real estate broker Redfin Corporation today announced the hiring of David Wilner as vice president of real estate operations. Responsible for both strategy and execution, Wilner's charter is to deliver on the company's 100 percent customer satisfaction guarantee and to expand Redfin's real estate business nationwide."Redfin is changing the way people buy and sell homes and I am thrilled to be part of it," said Wilner. "With already more than $1 million in refunds... 
October 16, 2006Redfin Adds Zillow.com Property Valuations, New Search Capabilities
SEATTLE - Oct. 16, 2006: Online real estate broker Redfin Corporation today added new tools to Redfin.com to help home buyers find good deals. Now Redfin.com visitors can search across an entire market for fixer-uppers and distressed listings, and compare prices against Zillow's home-valuation estimates. Redfin is the first brokerage that allows customers to buy and sell a home completely online to integrate ZestimateTM values with multiple listing service data, and the first to empower users t... 
October 03, 2006Redfin Reaches $1 Million in Home Buyer Refunds in Six Months
SEATTLE - Oct. 3, 2006: Online real estate broker Redfin Corporation (http://www.redfin.com) today announced the company has refunded $1 million in commissions to home buyers. In a separate announcement today, Redfin launched "Red Carpet Services" to offer home buyers free home tours and pre-inspections.Redfin reached the million-dollar milestone in less than six months by refunding $1,011,985 in commissions, for an average refund of $9,825, to 103 home buyers in California and Washington. In a... 
October 03, 2006Redfin Launches Free Home Tours and Pre-Inspections
SEATTLE - Oct. 3, 2006: Online real estate broker Redfin Corporation (http://www.redfin.com) today launched "Red Carpet Services" to help make it easier and more affordable for online real estate shoppers to find and purchase a home. The first two services offer home buyers free home tours and pre-inspections. Separately today, Redfin announced it has refunded $1 million in commissions to home buyers.Red Carpet Services include:          Free Home To... 
September 14, 2006Redfin Kicks Off Startupalooza
Seven High-Tech Start-ups Gather in Pioneer Square for a Networking and Recruiting Event SEATTLE - Sep. 14, 2006: Online real estate broker Redfin Corporation today announced Startupalooza(www.redfin.com/startupalooza), a Sept. 28 networking event and job fair sponsored by eight Seattle high-technology start-ups. Attending are executives and hiring managers from: Exbiblio Blue Dot Mercent Bag, Borrow or Steal Farecast Gridnetworks Mpire Redfin The companie... 
September 06, 2006Redfin Launches Industry's First Online Home-Selling Service
Adds New Web Site Features Including Ask an Agent, Neighborhood Search, Improved Map ExperienceSEATTLE - Sep. 6, 2006: Online real estate broker Redfin Corporation today launched the industry's first online home-selling service and a new version of Redfin.com that lets buyers submit questions about a property to sellers and listing agents. The online home-selling service, Redfin Direct for Sellers, is based on a Web application for capturing the information required to list a propert... 
August 30, 2006Redfin Opens San Francisco Office
SEATTLE - Aug. 30, 2006: Online real estate broker Redfin Corporation today announced the opening of a San Francisco office for software engineers and real estate agents. Redfin will continue to run engineering and real estate operations from its Seattle headquarters, but opened the San Francisco office to support national expansion plans, and aggressive research and development hiring. Today, the office hosts three engineers and three real estate agents with capacity for a dozen peo... 
August 17, 2006Redfin to Offer 100% Satisfaction Guarantee Through Closing
Guarantee an Industry FirstSEATTLE - Aug. 17, 2006: Online real estate broker Redfin Corporation today launched a first-of-its-kind 100% satisfaction guarantee for real estate consumers. Separately, Redfin released survey data showing 97% customer satisfaction.The 100% guarantee is for customers of Redfin Direct, an online home-buying program in which customers tour homes on their own and draft an offer online, with local Redfin agents handling offer advice, negotiations and closing.As with a t... 
August 17, 2006Redfin Releases Customer Satisfaction Survey Results
97% of Customers Satisfied, 70% Recommended Redfin To Three Friends or MoreSEATTLE - Aug. 17, 2006: Online real estate broker Redfin Corporation today released the results of its latest customer satisfaction survey. Redfin also launched a first-of-its-kind 100% satisfaction guarantee for real estate consumers.The survey was for customers of Redfin Direct, an online home-buying program in which customers tour homes for sale on their own and draft an offer online, with local Redfin agents handlin... 
July 30, 2006Redfin Wins Innovator of the Year Award From Inman News at Real Estate Connect
SEATTLE - Jul. 30, 2006: Online real estate broker Redfin today announced that the company won Inman News' prestigious 2006 Innovator Award for the Most Innovative Business Model. Bradley Inman, founder and publisher of Inman News, presented the award in a ceremony Wednesday, July 26th, at Inman News' Real Estate Connect San Francisco 2006 conference. The award recognizes the winner's service, Redfin Direct, for letting consumers buy a home online and get two thirds of the commission refunded a... 
July 25, 2006Redfin to Testify Today at Congressional Hearing on How the Internet is Changing Competitive Dynamics in Real Estate
SEATTLE - Jul. 25, 2006: Online real estate broker Redfin Corporation is today participating in a Congressional hearing on how the Internet is changing competitive dynamics in the real estate industry. The hearing, hosted by the House Committee on Financial Services, Subcommittee on Housing and Community Opportunity, has been commissioned by House Financial Services Chairman Michael G. Oxley, co-author of the Sarbanes-Oxley bill that revolutionized post-Enron accounting practices. In... 
June 08, 2006Redfin and Inman Co-Found Web Developer Conference for Real Estate Industry
Google and Microsoft to Co-Sponsor Event Redfin to Use Event as Launchpad for Real Estate 2.0SEATTLE - Jun. 8, 2006: Online real estate broker Redfin Corporation today announced its founding participation in Inman ConnectTech, the Web developer conference scheduled for July 26 in San Francisco. A one-day counterpart to Inman Connect, the conference for real estate agents, Inman ConnectTech is the first national real estate event to focus on developers creating the next generation of real estate... 
May 31, 2006Redfin Launches Online Real Estate Brokerage in San Francisco Bay Area
First Milestone in National Expansion, $8 Million Financing SEATTLE - May. 31, 2006: Online real estate broker Redfin today launched its award-winning real estate site in the San Francisco Bay Area, and opened new offices in San Jose, San Francisco and the East Bay to provide local customer support. Redfin lets home-buyers buy homes online and get two thirds of the commission refunded at closing. Redfin is the first online brokerage to offer local service across the entire Bay Area. Redfi... 
May 31, 2006Redfin Announces $8 Million in Series B Funding
Vulcan Capital, BEV Capital and The Hillman Company JoinSEATTLE - May. 31, 2006: Online real estate broker Redfin Corporation today announced the closing of an $8 million financing led by Paul Allen's Vulcan Capital. Other investors include BEV Capital, The Hillman Company and Redfin's original venture investor, The Madrona Venture Group. As part of the financing, Vulcan Capital's Peter Cochran and BEV Capital's Marc Singer will join Redfin's Board of Directors. In conjunction with the funding,... 
April 21, 2006Redfin Releases Industry's First Map-Driven Analytics
SEATTLE - Apr. 21, 2006: Online real estate broker Redfin today released MapStats, technology for synthesizing analytics from map-based real estate data. As a home-shopper pans across the Redfin.com map, MapStats continuously calculates average and median price, price per square foot and average numbers of bedrooms and bathrooms for the listings enclosed by the map, allowing the shopper to compare a listing to the rest of the neighborhood. Redfin has applied for a patent on this technology, whi... 
April 21, 2006Redfin Announces First Customers to Buy Online, Releases First Customer Satisfaction Data
SEATTLE - Apr. 21, 2006: Online real estate broker Redfin Inc. today announced the closing of its first seven Redfin Direct customers, and the results from its first customer satisfaction survey. The seven customers received an average commission refund of $11,402; five closed last week, two the week before, with many more due to close every week this month. Of the 16 customers who responded to the survey, 100% said they would recommend that a friend use Redfin to make an offer. A ga... 
February 06, 2006Redfin Launches Industry's First Online Home-Buying Service
SEATTLE - Feb. 6, 2006: Online real estate broker Redfin today launched Redfin Direct, a home-buying program for saving consumers thousands off the price of a home. For Seattle-area home buyers ready to make an offer, the program combines online service with agent telephone support to prepare a standard offer, negotiate terms and coordinate closing. The program has processed several offers, with one acceptance already.By using Redfin's site to do the house-hunting legwork on their own, Redfin D... 
January 09, 2006Redfin Hires New Executives from Amazon and Plumtree, Raises Capital
Madrona Investment Funds Expansion, New ProductsSEATTLE - Jan. 9, 2006: Redfin, the real estate Web site that gives home-buyers and sellers better information and new ways to save money, today announced funding from Madrona Venture Group and the hiring of two new executives. Glenn Kelman, co-founder of Plumtree Software, has been hired as the chief executive officer, and Brian Marsh, a senior manager from Amazon's community group, is the chief technology officer. Redfin founder David Eraker wil...