Redfin’s coronavirus response: CEO forgoes salary for 2020; agent base pay increases; and more

GeekWire | Mar 26, 2020 at 9:18 PM
  • Redfin is making adjustments amid the COVID-19 crisis and uncertainty surrounding the real estate market.
  • The company is also moving quickly to sell RedfinNow homes that it owns.
  • Redfin rival Zillow Group outlined its own coronavirus playbook this week, noting that it will slash expenses by 25% this year, freeze hiring across the company, cut nearly all marketing spend, and suspend home-buying through its Zillow Offers business.