Douglas Elliman launches new online learning system for agents
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
by Lillian Dickerson May 11
Douglas Elliman reveals mass layoffs, salary cuts on earnings call
The company has laid off 25% of its staff and cut all other salaries by approximately 15%
by Patrick Kearns May 11
We talked to 5 CFOs about the road to recovery. Here's what they said
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
by Jim Dalrymple II May 11
Earnings offer hope, but 'normalcy' is still distant
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
by Jim Dalrymple II May 8
Realtor.com sees user growth as News Corp. revenue drops 8%
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
Transactions and volume up at Keller Williams
The company released first-quarter results Friday morning and provided a market update
by Patrick Kearns May 8
Redfin brings back 14% of furloughed employees
The tech-centric brokerage had furloughed 41% of its agents amid the economic woes of the coronavirus pandemic
by Jim Dalrymple II May 7
Redfin, Zillow to resume iBuying
Redfin is returning to homebuying immediately, while Zillow says a return is likely within a few weeks
by Patrick Kearns May 7
Zillow hits $1.1B in revenue in Q1 as losses continue to grow
The full impact of the company's decision to halt homebuying in late March due to COVID-19 is not yet clear
by Patrick Kearns May 7
Realogy, Amazon pause partnership
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
by Patrick Kearns May 7
RE/MAX CEO: 'We exit this health crisis in a position of strength'
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 sees revenue, transactions increase — but losses balloon due to COVID-19
Realogy reported Thursday a net loss of $462 million in the first quarter, with a $447 million COVID-19 fueled impairment charge
by Patrick Kearns May 7
VIP Realtors rolls out multiviewer virtual visits on all listings
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
by Craig C. Rowe May 6
Momentum 'unfortunately interrupted' by virus as RE/MAX reports $70.3M in Q1 revenue
The company failed to meet the consensus estimate of $0.40 adjusted earnings per share, falling slightly under at $0.39 earnings per share
by Patrick Kearns May 6
Orchard builds out its C-suite with two new execs
The real estate startup has brought on its first chief revenue officer and chief technology officer and plans to grow its headcount next year
by Patrick Kearns May 6
Offerpad fully resumes buying with safety certification
The company announced Wednesday its new safety procedures have been certified by HealthyVerify, a health safety organization
by Patrick Kearns May 6