{"id":18109,"date":"2021-05-04T07:44:54","date_gmt":"2021-05-04T14:44:54","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18109"},"modified":"2021-05-04T07:44:54","modified_gmt":"2021-05-04T14:44:54","slug":"overnight-news-redlining-redfin-redlines-the-most-redlined-city-in-america","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18109\/overnight-news-redlining-redfin-redlines-the-most-redlined-city-in-america\/","title":{"rendered":"Overnight News: Redlining Redfin redlines the most-redlined city in\u00a0America."},"content":{"rendered":"

\"Ya

\u201cIt\u2019s okay if you don\u2019t like dogs. Just don\u2019t insist to the world that you\u00a0do.\u201d<\/p><\/div>Redfin is coming to Boston<\/a> \u2013 if you consider the remote outer-suburbs Boston. From the link:<\/p>\n

Redfin is making offers on single-family homes and townhomes built after 1900 in parts of Middlesex, Norfolk and Plymouth counties. The company expects to expand to additional neighborhoods and property types in the region over time.<\/p><\/blockquote>\n

Going back to 1900 is ballsy. Everything built before 1935 or so was one-off \u2013 not production homes \u2013 and subsequent remodels would throw comparability out the window, anyway. But most of the houses on the I-495 outer loop \u2013 where RedfinNow is actually going \u2013 are post-WWII tract homes, many of them post-1980.<\/p>\n

Where is RedfinNow not<\/em> going? To Roxbury and Dorchester \u2013 or anywhere in Suffolk County \u2013 where the black people are. RedfinNow is redlining the very whitest part of a very racist, very redlined, very white state to stake its claim in Massachusetts.<\/p>\n

Making these big-city boasts is absurd. No big-budget iBuyer works in inner-cities \u2013 which is why all of them are redlining, de facto.<\/em> But redlining Redfin is so far from Boston and its bothersome diversity that it might as well claim Providence, too.<\/p>\n

What a tangled web! Be like a real real estate brokerage, Redfin. Stop lying about racism and lie about your results, instead, like everybody else.<\/p>\n

Yesterday on BloodhoundBlog:<\/em><\/strong><\/p>\n

Greg Swann:<\/strong> If Zillow is buying its marketing from Fiverr, it should spring for the upsell.<\/a><\/p>\n

In other news:<\/em><\/strong><\/p>\n

Rob Hahn:<\/strong> Clear Cooperation Is a Disaster in the Making.<\/a> Static market fallacy, along with normality bias. I read this theory two years ago and thought the same thing. When the market turns, the MLS will rise again.<\/p>\n

The Hill:<\/strong> Is the US headed toward a new housing bubble?<\/a><\/p>\n

The New York Post:<\/strong> Expelling Asian Americans from top schools proves NYC education is off the rails.<\/a><\/p>\n

The Wall Street Journal:<\/strong> In L.A. and San Francisco, Schools Are Open but Classrooms Are Near-Empty.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIt\u2019s okay if you don\u2019t like dogs. Just don\u2019t insist to the world that you\u00a0do.\u201dRedfin is coming to Boston \u2013 if you consider the remote outer-suburbs Boston. From the link: Redfin is making offers on single-family homes and townhomes built after 1900 in parts of Middlesex, Norfolk and Plymouth counties. The company expects to expand […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18109","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":974,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/974\/redfin-and-the-antics-of-the-intx-crowd\/","url_meta":{"origin":18109,"position":0},"title":"Redfin and the antics of the INTx crowd . . .","author":"Greg Swann","date":"January 30, 2007","format":false,"excerpt":"By my lights, one of the most interesting bits of news to come out of Inman Connect was Redfin's announcement that they plan to swim into Boston Harbor. Washington State has reasonably normal wild-West real estate laws, as does California. The natural leap, in terms of maintaining a decent level\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1671,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1671\/redfin-cops-another-12-million-raising-investors-stake-in-the-discount-realtybot-to-40000-per-closed-transaction\/","url_meta":{"origin":18109,"position":1},"title":"Redfin cops another $12 million, raising investors’ stake in the discount realty.bot to $40,000 per closed transaction","author":"Greg Swann","date":"July 17, 2007","format":false,"excerpt":"The indefatigable John Cook:Redfin has raised an additional $12 million in venture funding, money that the Seattle discount real estate broker will use to enhance its Web site and expand into new markets. First up for Redfin are the Washington D.C and Baltimore areas, which are being unveiled today. Next\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1820,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1820\/redfin-lessons-in-how-not-to-succeed\/","url_meta":{"origin":18109,"position":2},"title":"Redfin: Lessons in How NOT to Succeed","author":"Jeff Kempe","date":"August 18, 2007","format":false,"excerpt":"No apologies for the topic. As many problems as exist in the real estate industry -- many more than the practiced elites would like to acknowledge, many fewer than the bubbleheads need to satisfy their tantrums -- Redfin has made itself a prominent example of how not to improve things.\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2917,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2917\/redfincom-wakes-up-smells-coffee-staples-galoshes-to-forehead-now-redfin-buyers-will-be-able-to-see-homes-in-an-almost-normal-way\/","url_meta":{"origin":18109,"position":3},"title":"Redfin.com wakes up, smells coffee, staples galoshes to forehead: Now Redfin buyers will be able to see homes in an almost-normal way","author":"Greg Swann","date":"April 8, 2008","format":false,"excerpt":"The uncontested brilliance of the free market is that it is self-correcting. People like me have been bitching all along that Redfin.com's approach to buyer representation was misguided if not outright evil. Conceding some huge chunk of the buyer's agent's commission to the buyer was certainly consumer-friendly, but pushing the\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1527,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1527\/redfins-sweet-digs-weblogs-resurrected-as-neighborhood-sites\/","url_meta":{"origin":18109,"position":4},"title":"Redfin’s Sweet Digs weblogs resurrected as neighborhood sites","author":"Greg Swann","date":"June 12, 2007","format":false,"excerpt":"From John Cook's Venture Blog:\"Sweet Digs\" is back -- kind of. The Redfin real estate blog, which was shut down last month after agents complained to the Northwest Multiple Listing Service that the home reviews were hurting sales, is making its return today in a modified state. No longer will\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18091,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18091\/overnight-news-george-floyd-may-be-the-suburban-real-estate-salesman-of-the-decade-but-its-anyones-guess-what-is-happening-to-real-estate-values-in-the-rioted-cities\/","url_meta":{"origin":18109,"position":5},"title":"Overnight News: George Floyd may be the suburban real estate salesman of the decade, but it\u2019s anyone\u2019s guess what is happening to real estate values in the rioted\u00a0cities.","author":"Greg Swann","date":"April 30, 2021","format":false,"excerpt":"Redfin has more home-price ballyhoo this morning, but it answers none of my standing questions: Where is all this new demand coming from, and what so-far undocumented vacancy is it leaving behind? What is happening to real estate values in the core \u2013 not the ring suburbs \u2013 of the\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18109"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18109\/revisions"}],"predecessor-version":[{"id":18110,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18109\/revisions\/18110"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}