Real Estate Industry Overview & Trends
As the coronavirus pandemic gradually improves, a patchwork of plans to reopen local economies has emerged across the US
On Monday, Douglas Elliman announced the launch of its new online learning system for agents, 'Elliman Constant Learning,' an offering of the Elliman Agent Training Center
The company has laid off 25% of its staff and cut all other salaries by approximately 15%
Coronavirus is a big deal for real estate, but financial chiefs don't think it's a repeat of 2008. And some already see signs of improvement
The pandemic may continue to wreak havoc for some time, but a strong quarter of earnings offers support to the idea that there's light at the end of the tunnel
Although News Corp.'s revenues dipped down to $2.27B, realtor.com saw average monthly unique users of its web and mobile sites grow by 6% year over year
The company released first-quarter results Friday morning and provided a market update
The tech-centric brokerage had furloughed 41% of its agents amid the economic woes of the coronavirus pandemic
Redfin is returning to homebuying immediately, while Zillow says a return is likely within a few weeks
The full impact of the company's decision to halt homebuying in late March due to COVID-19 is not yet clear
The company has taken proactive steps to cut costs by up to $100M for every quarter that COVID-19 is impacting the market, Realogy CEO Ryan Schneider said Thursday
RE/MAX reported earnings of $70.3M in revenue for the first quarter, and despite market uncertainties, CEO Adam Contos remains hopeful for the future
Realogy reported Thursday a net loss of $462 million in the first quarter, with a $447 million COVID-19 fueled impairment charge
Notable independent brokerage Crye-Leike will be introducing the same Nodalview-powered concept to its southeastern US offices as the pandemic continues to hamper in-person showings
The company failed to meet the consensus estimate of $0.40 adjusted earnings per share, falling slightly under at $0.39 earnings per share
The real estate startup has brought on its first chief revenue officer and chief technology officer and plans to grow its headcount next year
The company announced Wednesday its new safety procedures have been certified by HealthyVerify, a health safety organization