As global conflict escalates, housing demand shows signs of strain
Investor scrutiny has grown lately as the iBuyer bets AI tools can improve margins in a shaky housing market
$24B in 2024 mortgage production represents Guild's biggest year since the pandemic-fueled refinancing boom, helping the San Diego-based lender bounce back from $39M 2023 loss
In addition to signing a multi-year deal with Pentagon Federal Credit Union, Blend laid off 50 workers in September, or about 9% of its workforce, helping trim expenses by 32%
Shares in Offerpad hit new all-time low in after-hours trading Monday after the iBuyer reported that it continues to trim its losses but expects further declines in revenue and homes sold in Q3
While the brokerage's overall head count rose modestly to 144,510 agents in the second quarter, its agent count declined in the US by 6.3%, to 56,987, according to a Q2 earnings call Wednesday
The brokerage brought in a total of $957M in revenue and lost $150M. The results are something of a repeat from Q4 2022
The coworking behemoth posted a net loss of $299M in the first quarter, a $205M improvement from a year earlier, according to Q1 earnings data released Tuesday morning