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Opendoor lays off 300 workers after posting $78M Q3 loss

USA Real Estate News-Inman - Thu, 2024-11-07 17:41
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 percent from Q2 and 26 percent from a year ago.

EXp posts modest revenue gain, reaching $1.2B in 3rd quarter

USA Real Estate News-Inman - Thu, 2024-11-07 16:57
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.

Broker Spotlight: Calah Andelman and Kaala House

USA Real Estate News-Inman - Thu, 2024-11-07 16:57
Find out how these broker besties are building a market presence in Bentonville and why "many of [their] all-time best days happened in real estate."

Surprises, setbacks and shifts: Q3 2024 earnings

USA Real Estate News-Inman - Thu, 2024-11-07 16:53
Third-quarter earnings reveal a varied performance across real estate, with standout gains in recruitment for The Real Brokerage and mortgage growth for Zillow, while others like Offerpad and RE/MAX face ongoing challenges amid shifting market conditions.

Surprises, setbacks and shifts: Q3 2024 earnings (thus far)

USA Real Estate News-Inman - Thu, 2024-11-07 16:53
Third-quarter earnings reveal a varied performance across real estate, with standout gains in recruitment for The Real Brokerage and mortgage growth for Zillow, while others like Offerpad and RE/MAX face ongoing challenges amid shifting market conditions.

Revenue grows and losses widen for Redfin in Q3

USA Real Estate News-Inman - Thu, 2024-11-07 16:40
Seattle-based brokerage and portal Redfin's third-quarter revenue grew 3 percent year over year to $278 million. However, the company's net losses ballooned 77.8 percent, according to Thursday's earnings.

Realtor.com parent Move sees revenue inch down in Q3

USA Real Estate News-Inman - Thu, 2024-11-07 16:32
Move's overall revenue dipped 1 percent between July and September, while revenue from its real estate business — including Realtor.com — dropped 4 percent, according to Q3 earnings data released Thursday.

After NAR deal, MLSs will have to reinvent themselves — or else

USA Real Estate News-Inman - Thu, 2024-11-07 16:27
At NAR NXT, panelists Marilyn Wilson, James Dwiggins and Clint Skutchan advised MLSs to make themselves essential without guaranteeing compensation.
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