I'm dedicating part of the purpose of this blog, Bonzai, to watching Redfin as they go through ups and downs in their experiment with a model that so far hasn't fully succeeded. I'm doing so out of an interest in innovation in real estate, especially in the areas of online business models and compensation.
I believe as they go along they will have to add the third leg of service to the stool that now has the legs of price and innovation. Their website is awesome and their price is attractive, now we'll see how service can be added to finish the creation. So, I'm officially declaring myself a Redfin Watcher.