Better launches digital home insurance product with partners
Available in Arizona, Oregon and Illinois at launch, Better Insurance will expand into Oklahoma, Tennessee and Wisconsin in the next 4 weeks. The goal is to be in all 50 states in a year
by Matt Carter Nov 2
Vrbo parent company Expedia reports 'best-ever' quarter
Despite Vrbo itself struggling, Expedia, the travel booking company that owns the short-term rentals platform, recorded $425M in profits during the third quarter
by Ben Verde Nov 2
EXp maintains profitability as revenue declines 2% to $1.2B
EXp World Holdings' revenue declined 2% annually to $1.2B in the third quarter, according to a call on Thursday. The company held onto its profitability, with net income reaching $1.4M
by Marian McPherson Nov 2
Redfin posts profitable Q3 despite another quarter of falling revenue
The company posted profits of $98.3M, up 8% from the third quarter of 2022, while tallying $269M in revenue, a decrease of 12% from a year ago, according to third-quarter earnings Thursday
Opendoor can't hang on to profitability as Q3 revenue craters
The iBuyer saw revenue fall 71% year over year in the 3rd quarter of 2023. The company also lost $106M — a reversal from Q2's net profit
by Jim Dalrymple II Nov 2
Offerpad on path to profitability as net losses slid 75% in Q3
The iBuyer reported Q3 earnings Thursday, with revenues declining 71% YOY to $234.2M. Offerpad dramatically slimmed losses and is on track to reach Adjusted EBITDA profitability by 2024
by Marian McPherson Nov 2
Defy the market by showing your expertise and using tech wisely
'Co-opetition' between agents, tools like ChatGPT, and showing clients your value and how much you care will be important for agent success in 2024, Inman Connect panelists said
Fed pause could revive demand for mortgages as rates reverse course
Demand for purchase mortgages hit the lowest level since 1995 last week, but relief could be in sight after Federal Reserve policymakers elected not to hike short-term rates on Wednesday
by Matt Carter Nov 2
Zillow's Q3 revenue ticks up, losses shrink despite rough market
The portal giant brought in $496M in revenue between July and September. That's a 3% increase compared to 1 year earlier
by Jim Dalrymple II Nov 1
'The new norm is tough': Ivy Zelman on the future of the housing market
In her Inman Connect conversation, Ivy Zelman said she doesn't see the a repeat of 2008, but she also doesn't expect the market to get easier for anyone anytime soon
by Ben Verde Nov 1
Will Q3 earnings keep real estate mired in a 'Groundhog Day' loop?
Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it?
by Jim Dalrymple II Nov 1
How long can home prices hold out? Here's how I see it
When will rising interest rates, low inventory and diminishing buyer hopes translate into falling home prices? Windermere Chief Economist Matthew Gardner weighs in
by Matthew Gardner Nov 1
Despite high cost to finance, home prices hit new heights in August
Housing prices increased 0.4% between July and August and were up 2.6% on an annual basis, representing new highs in many markets
by Ben Verde Oct 31
The Sitzer verdict is in. Here's how to protect your buyer commission
There's already a perfectly simple solution to defining and communicating with buyers about your commission, writes broker-owner Teresa Boardman
by Teresa Boardman Oct 31
Impact of 'lock-in effect' on listings may have been overstated
Fannie Mae researchers say rising mortgage rates aren't the only reason homeowners have been reluctant to sell, and that a decline in rates won't necessarily produce a flood of for-sale listings
by Matt Carter Oct 30
Is now the right time to start your new side hustle?
Whether you're saving for something big or trying to figure out how to stay in real estate until the market turns, Erin McCormick Torres offers tips to help you develop new streams of income