Monthly Archives: November 2023

Vrbo parent company Expedia reports ‘best-ever’ quarter

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Despite Vrbo itself struggling, Expedia, the travel booking company that owns the short-term rentals platform, recorded $425 million in profits during the third quarter. Continue reading →

Rocket stays profitable in Q3 but still in the red for the year

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Cost-cutting helped the mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45 billion, mortgage originations for the year to date are down 46 percent from a year ago. Continue reading →

In 2024, Lone Wolf customers to experience next-generation products

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Prominent proptech company Lone Wolf Technologies used the stage at an industry conference to present a revamped product line set to roll out to real estate brokerages in phases starting in 2024, a Nov. 1 press release said. Continue reading →

EXp maintains profitability as revenue declines 2% to $1.2B

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EXp World Holdings’ revenue declined 2 percent annually to $1.2 billion in the third quarter, according to a call on Thursday. The company held onto its profitability, with net income reaching $1.4 million. Continue reading →

RE/MAX sees revenue decline for 5th consecutive quarter

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Amidst challenging market conditions, the real estate franchisor’s total revenue was down 8.7 percent year over year to $81.2 million, coming just shy of analysts’ expectations. The company also suffered a net loss of $59.5 million. Continue reading →

Redfin posts profitable Q3 despite another quarter of falling revenue

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The company posted profits of $98.3 million, up 8 percent from the third quarter of 2022, while tallying $269 million in revenue, a decrease of 12 percent from a year ago, according to third-quarter earnings Thursday. Continue reading →

Opendoor can’t hang on to profitability as Q3 revenue craters

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The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal from Q2’s net profit. Continue reading →

Broker Spotlight: Joy Vance of The Agency Bozeman | Big Sky

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Find out how this Big Sky brokerage leader prioritizes her team, collaboration and pursuing new development opportunities in her beloved Montana. Continue reading →

Mortgage software provider Vesta powering Upstart’s HELOC launch

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Since announcing a $30 million Series A funding round last year, Vesta has added partners and integrations at a rapid clip, including integration with Willow Servicing. Continue reading →

Mauricio Umansky faces his last dance on ‘Dancing With the Stars’

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Despite being praised as “matadorable” weeks before by a judge, the luxury CEO’s performance of the Argentine tango on Halloween was not strong enough to get him the combined judges and audience scores needed to survive the competition. Continue reading →