The cuts are the second time the power buyer has reduced its workforce as the market has rapidly deteriorated this year
Rent delinquencies surged in October compared to one month prior as the housing market continues to struggle with high mortgage rates, according to a new survey
The power buyer previously cut 20% of its staff in August. The cuts come as the broader real estate industry grapples with soaring mortgage rates and slowing sales
The Luczak Group includes 15 agents and 5 staff members and was one of the top-ranked Coldwell Banker teams in its region. Founder of the team Greg Luczak serves as its president
Kirman's move will see his team become a brokerage that operates in partnership with Christie's. The move comes at a time when competition for talent is more intense than ever
Pareja joined eXp earlier this year as president of affiliated services. He now steps into the role of chief strategy officer
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws
The company reported earnings Thursday for the first time since announcing the end of cash and stock-based recruiting incentives. Despite the move, the company added 335 agents
The company earned $600.5M in revenue during the third quarter, but also lost $90.2M — up from a loss of just $18.9M in the third quarter of 2021 — amid a worsening housing market
The layoffs are the second round of job cuts from the end-to-end platform pioneer this year. They also add to thousands of other real estate layoffs in 2022
Competition and a slowing market are making international expansions an increasingly important part of many US companies plans for growth, including eXp Realty
Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry
In total, Opendoor suffered a net loss of $928M between July and September, according to an earnings report Thursday. That's up from a loss of just $57M during the third quarter of 2021
The company brought in $483M in revenue and suffered a loss of $53M — an improvement over the Q3 2021 losses of $329M, according to quarterly earnings results Wednesday
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry
Many of the industry's big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market
Musk is already shaking things up just days after buying Twitter. That could have big implications for some of real estate's most pressing debates
M. Ryan Gorman said the current downturn is an opportunity for his company, while noting that some competitors 'may not have a plan for good times let alone a plan for bad times'
Kalani Reelitz joins the brokerage at a time of significant transition, and as it tries to achieve positive cash flow next year
In an earnings call Tuesday, the real estate giant pointed to its Apartments.com business as a particularly successful standout in an otherwise challenging market this summer
