Douglas Elliman sees revenue inch upward after tumultuous Q3
New company CEO Michael Liebowitz stressed in an investors call Thursday morning that Douglas Elliman is seeking to diversify its revenue streams and increase ROI as it enters a 'new era'
The Q3 calls to watch closely as real estate’s 'Super Thursday' unfolds
Anywhere Real Estate, Redfin, eXp World Holdings and 7 more of the nation's largest real estate companies are set to release quarterly data on Thursday that could illuminate their fitness in 2025
by Taylor Anderson Nov 7
LoanDepot is back in the black for the first time since Q4 2021
Beleaguered lender ekes out $2.67M Q3 profit on $315M in revenue, with loan originations up 9% from a year ago as mortgage refinancing bounces back on retreating rates
by Matt Carter Nov 5
Offerpad dialed back its iBuyer acquisitions by 49% in Q3
Having slashed operating expenses by 40% from a year ago, the iBuyer has its sights set on eventually boosting home purchases to 1K per quarter on lower cost structure
by Matt Carter Nov 4
Falling rates help boost Fannie and Freddie loan volumes, net worths
Mortgage giants Fannie Mae and Freddie Mac provided backing for $164B in purchase mortgages in Q3, up 10% from Q2, while remaining profitable and growing their combined net worths to $147B
by Matt Carter Nov 1
Compass bucks tough market as revenue, agent count grow in Q3
The brokerage drove $1.5B in revenue — an 11.7% improvement over the same period in 2023, according to a third-quarter earnings report on Wednesday spanning July, August and September
by Jim Dalrymple II Oct 30
Profits roll in at Mr. Cooper as it pursues tech-fueled growth
Deal to acquire Flagstar’s mortgage servicing business later this year is projected to grow Mr. Cooper's customer base to nearly 7M and servicing portfolio to $1.59T
by Matt Carter Oct 23
CoStar acquires management platform Visual Lease
Visual Lease makes a platform serving more than 1,500 corporate clients. The acquisition bolsters CoStar's core commercial real estate business
by Jim Dalrymple II Oct 22
Gains and losses amid market shifts: Q2 2024 earnings
The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, here's the breakdown of who's up and who's down
by Jessi Healey Aug 15
Redfin sees Q2 revenue rise, while losses remain nearly flat
The company's earnings report saw revenue climb 7% to $295.2M between April and June, but it also lost $27.9M — just a hair above its Q2 2023 loss
by Jim Dalrymple II Aug 6
Compass CEO: Clear cooperation is 'anti-homeowner'
Robert Reffkin said clear cooperation forces homeowners into a system that attaches 'negative insights' to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed
by Jim Dalrymple II Jul 31
Compass posts gains in revenue and agent count in Q2 earnings
Compass brought in $1.7B in revenue between April and June, and managed to add thousands of real estate agents to its ranks, according to Q2 earnings released Wednesday
by Jim Dalrymple II Jul 31
Back in growth mode, Better is hiring again but still in the red in Q1
The lender boosted mortgage volume 25% from Q4 but suffered a $51M loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better's future 'lies in Uberizing the loan officer'
by Matt Carter May 15
Fathom Realty has more agents, fewer Q1 sales than a year ago
CEO Marco Fregenal says the flat-fee brokerage is making progress toward achieving 2024 goals despite seasonality and broader industry challenges driving a $5.9M Q1 net loss
by Matt Carter May 9
UWM hiring 'hundreds' as mortgage originations surge 24%
United Wholesale Mortgage's $180.5M in net earnings were boosted by the sale of $70B in mortgage servicing rights (MSRs) and a $141M markup in the value of the $230B in MSRs retained
by Matt Carter May 9