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Redfin's Eye Buying Business
Redfin got into eye buying a few years ago. It's this business where a few big companies will basically buy your house for cash over the internet, then turn around and try to sell it for a profit. Ibin was in the news last fall when zillo said they had lost hundreds of millions of dollars in just a few months in the ibin business. Redfin still drilling, still doing new things, trying to figure it out.