Redfin’s second-quarter revenue declined 21 percent year over year to $275.6 million, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday. Continue reading
The partnership gives Tom Ferry’s network of real estate professionals access to the client satisfaction and retention platform, according to a statement. Continue reading
Regional banks have largely weathered the crisis fueled by this year’s failures of Silicon Valley Bank, Signature Bank and First Republic Bank by pursuing mergers and boosting deposits through third-party brokers. Continue reading
The iBuying giant sold fewer homes and brought in less cash in Q2 2023 than it did during the same time in 2022, but it still managed to end up in the black to the tune of $23 million. Continue reading
Revenue for the company grew to $2.5 billion in the second quarter buoyed by a growth in demand that was surpassed by a growth in supply, according to an earnings report released Thursday. Continue reading
Joseph Magsaysay will join Compass’ leadership as the brokerage looks to enhance its luxury presence in Silicon Valley. Magsaysay said he’s developed a “people first” leadership strategy. Continue reading
The popular vacation-rental platform dragged down the results of its parent company Expedia Group in the second quarter of the year, according to an earnings call Thursday. Continue reading
Zillow’s new product represents a new business model — from pay-per-lead to pay-per-listing — that mirrors the way profitable international peers monetize their market-leading positions. Continue reading
While the brokerage’s overall head count rose modestly to 144,510 agents in the second quarter, its agent count declined in the U.S. by 6.3 percent, to 56,987, according to a Q2 earnings call Wednesday. Continue reading
The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of two highly anticipated bombshell commission trials later this year. Continue reading