While mortgage originations were up 34% from a year ago, to $7.2B, shares dip below 12-month low after company executives said they don't expect Q1 2025 lending to surpass $5.5B
The company squeaked out of 2024 with improved quarterly losses, even though net losses for the year were significant. CEO Michael Liebowitz expressed optimism for the firm's future
Companies doubling down on rentals, AI and streamlined operations pulled ahead, while others struggled with agent attrition and slowing sales
The iBuyer's $1.1B in Q4 revenue wasn't enough to offset a loss of $113M. However, CEO Carrie Wheeler said the company entered 2025 as 'a leaner, more efficient business'
$17.3M Q4 2024 net loss is a 28% increase from the previous quarter, as homes acquired dipped 9% to 384, and homes sold fell 18% to 503. Profits on each sale were also down 24%
The virtual brokerage ended 2024 with 82,980 agents — a 5% drop compared to the previous year, according to Q4 earnings data. EXp also posted $1.1B in revenue in the final 3 months of last year
The Compass CEO said that NAR's rules have held back top agents and brokerages. But Robert Reffkin also believes that as those rules end, big brokerages like his will pull further ahead
Virginia-based portal CoStar Group grew its revenue 11% in Q4, to $709M, executives said Tuesday. Traffic to Homes.com Network remained steady, with 110M average monthly unique visitors
The company now has 17,752 principal agents. Founder and CEO Robert Reffkin said in a new earnings report that he believes his company will pull ahead in 2025
The real estate franchisor improved losses, revenue and combined closed transaction volume during Q4 2024 to put a cap on the year. Luxury continued to outperform the general market
This year has been tough on real estate. But investors think several major companies have done enough to boost their standing — and box out key competitors
Having pivoted from refinancing to purchase loans, CEO Vishal Garg says investment in AI technology and partnerships with retailers like NEO Home Loans will fuel cost-effective growth
Looking beyond paper writedowns in the fair value of its mortgage servicing rights, CEO Varun Krishna is pleased as Q3 mortgage originations climb 28% from a year ago
The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14% from Q2 and 26% from a year ago
The virtual brokerage grappled with losses as it paid out its settlement in antitrust commission lawsuits and increased agent losses in a bid to offload less productive agents from the platform