CNN Enterprise  —  Redfin is established to shutter its house-flipping small business and lessen its workforce by 13{8ba6a1175a1c659bbdaa9a04b06717769bcea92c0fdf198d429188ebbca09471}, laying off 862 workforce. About 264 of the position cuts will be instantly related to the shutdown of RedfinNow, the company’s instant buying, or iBuying, business in which it buys a residence as-is, completes minimal improvements and resells the household on the open industry. “Winding down RedfinNow is a strategic conclusion we built in get to emphasis our sources on our main companies in the confront of the increasing charge of cash,” the firm wrote in a submitting with the Securities and Exchange Fee. Redfin and other iBuyers like Zillow, which shut…