Tag Archives: Industry News

Anywhere shares seesaw after company reports $138M loss in Q1

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The brokerage giant spooked investors with its latest earnings report, in which first-quarter revenues were down 31 percent year over year. Continue reading →

Fannie and Freddie boost profits even as mortgage business tanks

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The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years. Continue reading →

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

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Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading →

Carte Blanche returns to Compass after 3 years with The Agency

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The three-person New York City team is returning to Compass to further expand into luxury markets and take advantage of the company’s technology offerings, according to team leader Aaron Seawood. Continue reading →

Compass scores 2 new Colorado agents — including a ‘boomerang’

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Adana Leonard and Tommy Kanarellis — who’s returning to Compass after a stint at Douglas Elliman — focus on luxury listings and join the brokerage amid fierce competition for top agents. Continue reading →

REX gets OK to question Zillow CEO Rich Barton in antitrust suit

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Judge Thomas Zilly denied Zillow’s motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX’s counsel about the company’s “Project Bookshelf.” Continue reading →

Mr. Cooper says it will use AI to service $1 trillion in mortgage loans

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The loan servicer spends “several hundred million dollars a year” on call center operations and expects $50 million in annual savings at the outset of a ‘multiyear’ artificial intelligence project. Continue reading →

$3B in volume: World-record holder Ben Caballero sets new one

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The Texas agent, who specializes in new construction and routinely tops industry lists, sold more than 6,000 homes last year, setting a new record. Continue reading →

It’s getting harder to make money on a home sale: ATTOM

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A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In the first quarter of 2023, the profit margin on a median-priced U.S. home was 44.2 percent. Continue reading →