Demand for instant home-buying has started to pay dividends for Redfin. The Seattle-based discount brokerage said second-quarter revenue rose 39 percent to $198 million, beating expectations. The company’s net loss widened to $12.6 million, compared to $3.2 million, thanks to a bump in marketing expenses as it poured money into national ads touting a slew of new ventures, including instant home-buying. During the second quarter, Redfin Now — through which the company purchases homes directly […]
source https://therealdeal.com/national/2019/08/02/ibuying-pays-off-for-redfin-as-revenue-soars-39/#new_tab
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