Redfin posted double-digit revenue growth in Q4 earnings Thursday. The company's $100M Zillow rental syndication deal has opened the door for greater advertising spend, CEO Glenn Kelman said
Hovan Property Group will shift from Berkshire Hathaway HomeServices Robert Paul Properties in Massachusetts, Rhode Island and Connecticut, where it currently holds active brokerage licenses
A team in Tuscon will now become a franchise known as RE/MAX Horizon, while an ERA franchise in Indiana is rebranding to RE/MAX First Integrity
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
Seattle-based Redfin is taking its commission-based payment model nationwide on Oct. 27. Redfin Next enables agents to keep W-2 status and benefits while earning commission splits
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
The MLS is separating from ties with Realtor organizations by selling to a newly formed private company. Broker Larry D. McGee will serve as interim CEO during the transition
Opinion
Already touted by Zillow and others, the technology represents an opportunity for the real estate industry to reimagine itself at a time when solutions are desperately needed, writes Brad Inman
Seattle-based Redfin's revenue declined 2% year-over-year for Q4 and 11% year-over-year for the full year. Still, the company saw improved gross margins and net losses
Pinnacle Property Management Services and AIR have settled with plaintiffs who accused them of increasing rent prices through collusion
The mortgage lending giant's board of directors has been expanded from 7 members to 8 to accommodate the move. Krishna's term will expire at the company's 2026 annual meeting
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
The company posted profits of $98.3M, up 8% from the third quarter of 2022, while tallying $269M in revenue, a decrease of 12% from a year ago, according to third-quarter earnings Thursday
Redfin's Q2 revenue declined 21% year over year to $275.6M, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday
Ben Kinney and Chris Suarez's company, Place, launched last year, offers business infrastructure support to targeted, high-producing agents, ranging from accounting to marketing, transaction and CRM technology products. It just raised $100 million.