Monthly Archives: February 2023

Compass explores possibility of franchising, company says

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CEO Robert Reffkin floated the idea of a franchise brand during an earnings call Tuesday, describing it as a “more profitable” method of growing the business. Continue reading →

Rocket posts its first loss since going public, and it’s a doozy

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Rocket reported a $493 million fourth-quarter net loss even after slashing expenses by $202 million from the third quarter as revenue fell 81 percent from a year ago to $481 million. Rocket executives say they’re focused on growing the company’s share … Continue reading →

EXp cites ‘volatile housing market’ for double-digit sales decline in Q4

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EXp World Holdings’ revenue increased 13 percent to $933 million in Q4 2022 as closed transaction sides and volume fell by 13 percent and 16 percent, respectively, according to an earnings call Tuesday afternoon. Continue reading →

Compass revenue falls in Q4 — but losses narrow despite ‘difficult year’

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In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11 billion in revenue, down from $1.6 billion during the same period in 2021. Continue reading →

Black Knight’s Q4 profits slip as clients cope with challenges

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The company’s $17.6 million in fourth-quarter net earnings represented a 71 percent decline from a year ago. Black Knight books $452.5 million in 2022 profits, up 118 percent from 2021 with revenue climbing 5 percent to $1.55 billion. Continue reading →

How to brand yourself when you’re broke (Hint: Think Bergdorf’s)

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In the first event of Fordham Real Estate Institute’s new series, Bess Freedman, CEO of Brown Harris Stevens, sat down with her mentor Barbara Corcoran for the kickoff of the school’s “Titan Talks.” Continue reading →

Helping new buyers get ‘invested’ in real estate

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When working with buyers, take that conversation one step further, and share what you know about the different investment opportunities in real estate. Continue reading →

ChatGPT’s take on commissions, compliance and the MLS

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RESO CEO Sam DeBord asks the latest in artificial intelligence, OpenAI’s ChatGPT, what it thinks about compensation in the MLS. Here’s what you should know. Continue reading →

Better lets Amazon workers put up stock as mortgage collateral

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Through Better’s Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages. Continue reading →

Investor activity slows, still makes up 1 in 4 homes sold in US

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New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales. That’s up from about 11 percent in 2001. Continue reading →