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Redfin Staffs Up to Capitalize on Hot Market

Deidre Woollard, The Motley Fool
·5 min read

Unlike Zillow (NASDAQ: Z) (NASDAQ: ZG), Redfin's (NASDAQ: RDFN) core business is still traditional residential sales, which means Redfin needs a lot of real estate agents. When the market quickly powered back, Redfin had to find agents to handle the demand. “After scrambling in the second half of 2020 to hire enough agents and lenders to handle a pandemic-driven surge in demand, Redfin is just about hitting on all cylinders,” said Redfin CEO Glenn Kelman in the first-quarter 2021 press release.

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