Monthly Archives: May 2023

How to talk to clients about money (and all the rest): The Download

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Agents can deal with economic headwinds by understanding their buyers’ mindset and helping them tap into down payment resources. Continue reading →

Redfin narrows losses as revenue falls 45% in first 3 months of 2023

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Redfin’s Q1 revenue declined 45 percent year over year to $325.7 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 →

RE/MAX revenue, US agent count, continue to drop in Q1

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Total revenue dropped 6.2 percent year over year and U.S. agent count fell 5.4 percent, according to earnings data released Thursday as the real estate brokerage continues to wrestle with a shifting market. Continue reading →

Vrbo parent Expedia Group posts Q1 revenue gains as losses widen

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Despite reporting its highest-ever first-quarter revenue, Vrbo parent Expedia Group reported losing $145 million in the first three months of the year, according to an earnings call on Thursday afternoon. Continue reading →

Market slowdown is ‘chipping away’ at homeowner wealth: Attom

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The share of homes that were worth at least 50 percent more than their mortgage fell for the second straight quarter. Still, there are few homes facing foreclosure, according to the latest report from Attom. Continue reading →

Opendoor steers clear of epic 2022 losses in Q1, but revenue remains down

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The iBuying giant saw revenue dip 39 percent year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022. Continue reading →

With ‘Leo’ launch, Real Brokerage latest to integrate ChatGPT

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Tech-forward real estate brokerage Real is known for its combination of in-house software development and third-party partnerships. That tactic continues with its latest integration of Open AI’s ChatGPT. Continue reading →

Ongoing doubts about soundness of regional banks rattle investors

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Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon announce they’re calling off their merger. Continue reading →