Rocket boosts market share, posts $481M Q3 loss on writedowns
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
by Matt Carter Nov 12
Revenue grows and losses widen for Redfin in Q3
Seattle-based brokerage and portal Redfin's Q3 revenue grew 3% year over year to $278M. However, the company's net losses ballooned 77.8%, according to Thursday's earnings
by Marian McPherson Nov 7
The Real Brokerage posts revenue gain as recruitment soars in Q3
The Real Brokerage added more than 2K new agents in the 3rd quarter while revenue rose to $372.5M, according to quarterly earnings Thursday. The company posted a net loss of $2.5M
by Taylor Anderson Nov 7
RE/MAX revenue declined 3.4%, US agents continue to depart in Q3
A new quarter saw continuing trends for RE/MAX Holdings in decreasing revenue and US agent count, but the franchisor also vastly improved its net income year over year
by Lillian Dickerson Oct 31
7 brutally honest truths you need to hear right now
It’s a tough market, but this is the market where careers are made, Real’s Jimmy Burgess writes. Double down on your work ethic, sharpening your skills and serving others
by Jimmy Burgess Sep 12
CoStar touts forensic evidence in new filing against Move
On Wednesday CoStar asked the court to deny Move's amended preliminary injunction due to forensic data allegedly proving Move-owned files were never shared with the company
by Marian McPherson Sep 5
Law firms seek $36.8M out of $110M settlement pool in Gibson
In a filing outlining costs and expenses, plaintiffs' attorney Michael Ketchmark estimates he has spent 7,000 hours on Gibson and other commission suits for work totaling $10.1M since 2019
by Taylor Anderson Aug 21
Private mortgage insurers again losing market share to FHA, VA
FHA premium cuts spur growth, but borrowers with stellar credit can still do better taking out conventional Fannie Mae- or Freddie Mac-eligible mortgages with private mortgage insurance
by Matt Carter Jul 30
M&A executive jumps from Anywhere to Lamacchia Realty
Massoud Atallah joins New England-based brokerage that has its sights set on rapid expansion. ‘We are 100% on offense,’ Lamacchia told Inman in an interview
by Taylor Anderson Jul 3
Redfin expands new compensation plan to agents in 25 more markets
With the expansion, Redfin Next is now available to agents in 36 markets nationwide, according to an announcement Friday. Redfin execs said the plan has 'proven to be even better' than expected
by Marian McPherson May 17
Redfin rides momentum to Q1 revenue bump, beats expectations
Seattle-based Redfin's revenue increased 5% year over year to $225.5M — beating projections of $218.1M. Still, the company is struggling to control net losses, which grew nearly 10% from 2023
by Marian McPherson May 7
Opendoor revenue dips and losses rise amid Q1 transaction slump
Opendoor drew $1.2B in revenue between January and March, according to first-quarter earnings released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer
by Jim Dalrymple II May 2
Lessinger: Bottom line, RE/MAX settlement was 'a great decision'
Inman caught up with RE/MAX LLC President Amy Lessinger to discuss her first few months on the job and her vision for the road ahead
by Ben Verde Apr 15
How great agents win in the face of NAR settlement misinformation
Consumer misconceptions post-NAR settlement are wild. Jimmy Burgess talks to Keeping Current Matters CEO David Childers on how to communicate with today's buyers and sellers
by Jimmy Burgess Apr 4