Fathom Holdings' revenue drops 10% as market challenges linger
The company's Q3 revenue clocked in at $83.7M while net losses rose to $8.1M as Fathom faced an uncertain market and dealt with expenses related to a $3M NAR settlement contingency
Fathom Realty adds 2,200 agents with My Home Group acquisition
Scottsdale, Arizona-based brokerage will continue to operate under the My Home Group brand, with co-founders Jereme Kleven and Mark Hutchins staying on to oversee daily operations
by Matt Carter Nov 4
Brokerages and non-Realtor MLSs settle antitrust suits for $30M
15 MLSs and 13 brokerages that chose to opt-in to NAR's commission settlement will cough up an additional $30,587,754 in compensation to sellers, raising the settlement fund to nearly $450M
Fathom Realty borrows $5M to accelerate growth plans
CEO Marco Fregenal says fresh capital in the form of convertible notes will help brokerage fast-track planned agent and transaction growth, with a focus on targeted walkovers and acquisitions
by Matt Carter Sep 27
Fathom shares bounce back on prospects for agent growth
Since hitting a June 21 low of $1.33, shares in the flat-fee real estate brokerage are up 125% as the company continues to add agents and pursue plans to expand operations to all 50 states
by Matt Carter Sep 9
Fathom's Verus Title subsidiary acquires LW Traveling Title
Fathom Holdings beefs up title coverage in 3 states with 'strategic addition' to geographic footprint by acquiring 9-person title agency with offices in Utah, Colorado and Virginia
by Matt Carter Jun 21
Fathom Holdings names real estate veteran Jon Gwin as COO
Gwin, who previously held executive positions at Wachovia Bank and Wells Fargo, is credited with helping to develop some of the first compliance management systems in the mortgage industry
by Ben Verde May 29
Fathom sells Dagley Insurance subsidiary back to founder
The sales proceeds of $15M will strengthen the company's financial position and support growth initiatives, Fathom Realty parent company said Monday of its latest move to shore up finances
by Matt Carter May 7
Fathom Realty added 1,425 agents after raising fees last year
Fathom posted a $24M annual loss during a Q4 and 2023 earnings call Thursday afternoon, with executives saying the brokerage's transaction volume dropped less than the industry overall
by Matt Carter Mar 14
Wendy Forsythe makes leap from brokerage world to coaching firm
The experienced real estate executive has led initiatives at Compass and Fathom Holdings. Now she'll be president of Chirag Shah Coaching
by Daniel Houston Feb 7
Fathom out to raise more than $7M by hiking agent fees, selling shares
The agent fee increases the flat-fee brokerage previously implemented for 2023 haven't stopped Fathom from growing, with Sept. 30 agent count up 13% from a year ago, to 11,333
by Matt Carter Dec 5
Fathom Realty founder Josh Harley steps down as chairman and CEO
'Door open' to Harley's return after he relinquishes leadership roles, citing family reasons. Longtime CFO Marco Fregenal is new CEO and independent director Scott Flanders is chair
by Matt Carter Nov 13
Fathom Realty trims its losses during Q2 as agent count grows
Fathom logged a net loss of $4.3M during Q2, an improvement over the $5.7M loss logged during Q1, according to its earnings report released Wednesday
by Ben Verde Aug 9
Real estate stocks are suddenly and finally on fire
Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector
by Jim Dalrymple II May 11
Fathom Realty narrows losses but agent growth slows in Q1
With 10,628 agents on board as of March 31, Fathom grew by 258 agents in the first 3 months of the year but posted a $5.7M Q1 net loss, according to a Q1 earnings call Wednesday
by Matt Carter May 11