Zillow Q2 revenue exceeds expectations, grows 13% to $572M

Better-than-expected residential segment results bolstered Seattle-based portal Zillow’s Q2 performance, which saw growing revenues and slimming losses as they zero in on creating a ‘fully-integrated’ homebuying experience. Continue reading

Most Americans weren’t expecting the big drop in mortgage rates

Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn’t think mortgage rates would come down. Continue reading

‘Hidden’ homeownership costs locking potential buyers in place

Households have deferred moving, partially due to high “hidden” homeownership costs such as property taxes, insurance and climate change, according to a report. Continue reading

Matterport exec alleges she was fired for raising business concerns

The former sales executive filed a lawsuit in California alleging “she was pushed out of the company because she raised concerns about illegal and unethical practices.” Continue reading

Real Brokerage sees new highs in revenue, gross profit during Q2

The cloud-based brokerage saw surprisingly positive second-quarter earnings results during a tough market. Real chairman and CEO Tamir Poleg said the results were a testament to the firm’s business model. Continue reading

Should you talk politics? Only if you can keep it professional

Choose not to be offended. Have conflict resolution strategies in place. Stay calm, acknowledge the difference in opinions, and move on to other topics, Keller Williams’ Julia Lashay Israel writes. Continue reading

RentSpree releases new income verification reporting tool

RentSpree’s latest reporting product is designed to help property management providers more accurately verify the income of lease applicants. Continue reading

LoanDepot boosts revenue, sells servicing to restructure debt

Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they’re in a better position to grow after selling $29 billion in mortgage servicing rights. Continue reading

Consumer watchdog advises buyers to pay agents ‘2% or less’

The Consumer Federation of America also tells consumers not to agree to pay an agent just to see a home, but to sign a touring agreement with no financial obligation instead. Continue reading

UWM shares at 3-year high on prospect of refi ‘mini boom’

In Q2 earnings, the nation’s largest mortgage lender posted a healthy $76 million profit, paid down debt, and said it’s in prime position to capitalize and grow as mortgage rates drop. Continue reading