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Opendoor lays off 300 workers after posting $78M Q3 loss
The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14 percent from Q2 and 26 percent from a year ago.
EXp posts modest revenue gain, reaching $1.2B in 3rd quarter
The virtual brokerage grappled with losses as it paid out its settlement in antitrust commission lawsuits and increased agent losses in a bid to offload less productive agents from the platform.
Broker Spotlight: Calah Andelman and Kaala House
Find out how these broker besties are building a market presence in Bentonville and why "many of [their] all-time best days happened in real estate."
Surprises, setbacks and shifts: Q3 2024 earnings
Third-quarter earnings reveal a varied performance across real estate, with standout gains in recruitment for The Real Brokerage and mortgage growth for Zillow, while others like Offerpad and RE/MAX face ongoing challenges amid shifting market conditions.
Surprises, setbacks and shifts: Q3 2024 earnings (thus far)
Third-quarter earnings reveal a varied performance across real estate, with standout gains in recruitment for The Real Brokerage and mortgage growth for Zillow, while others like Offerpad and RE/MAX face ongoing challenges amid shifting market conditions.
Revenue grows and losses widen for Redfin in Q3
Seattle-based brokerage and portal Redfin's third-quarter revenue grew 3 percent year over year to $278 million. However, the company's net losses ballooned 77.8 percent, according to Thursday's earnings.
Realtor.com parent Move sees revenue inch down in Q3
Move's overall revenue dipped 1 percent between July and September, while revenue from its real estate business — including Realtor.com — dropped 4 percent, according to Q3 earnings data released Thursday.
After NAR deal, MLSs will have to reinvent themselves — or else
At NAR NXT, panelists Marilyn Wilson, James Dwiggins and Clint Skutchan advised MLSs to make themselves essential without guaranteeing compensation.
Mortgage rates not expected to budge on latest Fed rate cut
Move was anticipated by investors that fund most home loans, who have been driving up mortgage rates over concerns about inflation and pace of future Fed rate cuts.
Fed Moves Ahead With Expected Quarter-Point Rate Cut
After an aggressive half percent cut in September, the Federal Reserve followed through on an expected but more measured quarter percentage point rate reduction Thursday, just days after an historic election outcome that economists say could cause disruption in the housing market in 2025. The cut to the Fed’s benchmark interest rate brings it to…
The post Fed Moves Ahead With Expected Quarter-Point Rate Cut appeared first on RISMedia.
Airbnb profit falls in Q3 despite growth in supply and demand
Travelers spent $20.1 billion on Airbnb in Q3, a 10 percent increase compared to a year ago, according to earnings results Thursday. Still, a spike in expenses as it seeks to grow overseas cut into profits.
Record number of Americans say they’d rather rent than buy
Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy, Fannie Mae survey finds.
Weichert follows eXp Realty’s lead in settling commission lawsuits
Weichert has reached a settlement in a case known as Hooper, according to new court documents. EXp's settlement in that case sparked pushback from plaintiffs in a different lawsuit.
