Redfin beats expectations with $110M revenue in Q1 2019 earnings

The tech-focused Seattle-based real estate brokerage Redfin reported $110.1 million in revenue, a year-over-year increase of 38 percent and a net loss of $67.2 million in the first quarter of 2019, according to its latest earnings report.  Continue reading

Why eXp’s top tech exec joined flat-fee rival Redefy

Scott Petronis, the newly appointed chief product and technology officer at discount brokerage Redefy believes the consumer is getting overshadowed in the real estate industry. Finding a company that he believes has a greater focus on the consumer is a… Continue reading

EXp Realty names new co-presidents amid management shuffle

EXp Realty announced today the promotion of Dave Conord and Stacey Onnen as, co-presidents. In their new roles, Conord will oversee eXp Realty’s growth while Onnen will focus on brokerage operations.  Continue reading

Berkshire Hathaway HomeServices teams up with Adwerx for online marketing

Berkshire Hathaway HomeServices announced Tuesday that it has teamed up with Adwerx for a program that will create internet ads targeting people who visit agent websites. Continue reading

Purplebricks is leaving Australia. Is the US next?

Purplebricks announced Tuesday it’s shuttering its operations in Australia two-and-a-half years after launching, adding that it’s conducting a review of operations in the United States. Continue reading

Multigenerational households are on the rise, according to new data

Today, up to 41 percent of Americans who are buying a home are also considering accommodating a family member from another generation. Continue reading

EXp Realty loses third top executive in 6 months

Scott Petronis, the former chief technology officer at eXp Realty, has departed the tech-focused real estate brokerage, marking him as the third executive to leave since November 2018. Continue reading

New Yorkers are rushing to buy before July 1 ‘mansion tax’ kicks in

New York’s “mansion tax,” which charges buyers extra for properties over $1 million, goes into effect July 1, and wealthy buyers are rushing to ink deals before the deadline. Continue reading