[VIP] Redfin Q1, 2019 Earnings: Mystery Inside an Enigma Within a Puzzle

Redfin reported its Q1/2019 results earlier today… and it’s like one of those Russian nesting dolls, except it’s a bit of a mystery inside an enigma within a puzzle kind of a deal. For the first time in… well… ever as far as Redfin is concerned, I find myself not quite able to understand what is going on and what Glenn & Co. are actually doing.

That in all likelihood means that I’m missing something important, as Glenn Kelman is one of the smartest people in the industry. But it could also have something to do with the fact that Redfin tends to like flying under the radar, being semi-mysterious about its intentions in any case, and being transparent yet opaque. Then again, that’s always kind of been Redfin’s style under Kelman’s leadership.

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Rob Hahn

Rob Hahn

Managing Partner of 7DS Associates, and the grand poobah of this here blog. Once called "a revolutionary in a really nice suit", people often wonder what I do for a living because I have the temerity to not talk about my clients and my work for clients. Suffice to say that I do strategy work for some of the largest organizations and companies in real estate, as well as some of the smallest startups and agent teams, but usually only on projects that interest me with big implications for reforming this wonderful, crazy, lovable yet frustrating real estate industry of ours.

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