Tag Archives: profitability

Which is better: high volume or high profitability? How about both?

By | | Uncategorized
Comments Off on Which is better: high volume or high profitability? How about both?

While awards and honors are geared toward high volume, it’s high profitability that offers the rewards you’re really looking for, coach Verl Workman writes. Continue reading →

DelPrete: Unprofitability raises questions about Redfin’s viability

By | | Uncategorized
Comments Off on DelPrete: Unprofitability raises questions about Redfin’s viability

According to Mike DelPrete, high debt, low cash and a lack of profitability in its business model call into question Redfin’s current trajectory and its plans for the future. Continue reading →

Glenn Kelman sees silver lining in sales spiral: ‘It can’t go much lower’

By | | Uncategorized
Comments Off on Glenn Kelman sees silver lining in sales spiral: ‘It can’t go much lower’

Redfin CEO Glenn Kelman said Tuesday on CNBC that as sales continue to decline, the company will need to cut costs strategically and respond to economic challenges one day at a time. Continue reading →

Compass must cut faster and deeper to break even in 2023: DelPrete

By | | Uncategorized
Comments Off on Compass must cut faster and deeper to break even in 2023: DelPrete

Compass continued to burn cash in the latest quarter but also demonstrated a reduction in operating expenses as the company aims to break even in 2023, Mike DelPrete writes. With a historically high cash burn, Compass needs to cut faster and deeper tha… Continue reading →

How brokerages can set themselves up for profitability early

By | | Uncategorized
Comments Off on How brokerages can set themselves up for profitability early

Profitability requires more than an eye on the bottom line, according to The Agency’s Mauricio Umansky. You also need to focus on agents and maintain an overarching brokerage vision. Continue reading →

Everyone is coming after agent commissions, DelPrete tells ICLV

By | | Uncategorized
Comments Off on Everyone is coming after agent commissions, DelPrete tells ICLV

During a session Wednesday at Inman Connect Las Vegas, real estate tech expert Mike DelPrete said staking out a piece of the agent commission pool is baked into newer business models. Continue reading →

3 tips for keeping your team profitable in today’s market

By | | Uncategorized
Comments Off on 3 tips for keeping your team profitable in today’s market

This new market is likely going to require you to work more than before, says Livian CEO Adam Hergenrother. Make peace with that. Understand the market and then take action. By doing so, you’ll come out of the shift in an even stronger, more successful… Continue reading →

Where legacy brands stand when proptech falters

By | | Uncategorized
Comments Off on Where legacy brands stand when proptech falters

As the market turns, investor interest in new industry disrupters may be waning. At Inman Connect Now, Clelia Peters and Nick Bailey explore where that leaves traditional brands. Continue reading →

Opendoor reaches first profitable quarter in Q1 with $28M net income

By | | Uncategorized
Comments Off on Opendoor reaches first profitable quarter in Q1 with $28M net income

After eight years, the California-based iBuyer reached profitability while logging a a new revenue high of $5.2 billion, according to an earnings report Thursday. Continue reading →

2022 will be pivotal for Offerpad as it competes for the iBuyer crown

By | | Uncategorized
Comments Off on 2022 will be pivotal for Offerpad as it competes for the iBuyer crown

With the implosion of Zillow Offers in October, all eyes will be on Opendoor and Offerpad as they duke it out for iBuyer marketshare in 2022. Here are the biggest challenges Offerpad faces next year. Continue reading →