Tag Archives: Earnings

The big players sneakily winning the sluggish 2024 housing market

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This year has been tough on real estate. But investors think several major companies have done enough to boost their standing — and box out key competitors. Continue reading →

Opendoor lays off 300 workers after posting $78M Q3 loss

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The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14 percent from Q2 and 26 percent from a year ago. Continue reading →

EXp posts modest revenue gain, reaching $1.2B in 3rd quarter

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The virtual brokerage grappled with losses as it paid out its settlement in antitrust commission lawsuits and increased agent losses in a bid to offload less productive agents from the platform. Continue reading →

Douglas Elliman sees revenue inch upward after tumultuous Q3

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New company CEO Michael Liebowitz stressed in an investors call Thursday morning that Douglas Elliman is seeking to diversify its revenue streams and increase ROI as it enters a “new era.” Continue reading →

The Q3 calls to watch closely as real estate’s ‘Super Thursday’ unfolds

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Anywhere Real Estate, Redfin, eXp World Holdings and seven more of the nation’s largest real estate companies are set to release quarterly data on Thursday that could illuminate their fitness in 2025. Continue reading →

LoanDepot is back in the black for the first time since Q4 2021

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Beleaguered lender ekes out $2.67 million third quarter profit, with loan originations up 9 percent from a year ago as refinancings bounce back on retreat in rates. Continue reading →

Offerpad dialed back its iBuyer acquisitions by 49% in Q3

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Having slashed operating expenses by 40 percent from a year ago, the iBuyer has its sights set on boosting home purchases to 1,000 per quarter on lower cost structure. Continue reading →

Falling rates help boost Fannie and Freddie loan volumes, net worths

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Mortgage giants Fannie Mae and Freddie Mac provided backing for $164 billion in purchase mortgages in Q3, up 10 percent from Q2, while growing combined net worths to $147 billion. Continue reading →

Compass bucks tough market as revenue, agent count grow in Q3

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The brokerage drove $1.5 billion in revenue — an 11.7 percent improvement over the same period in 2023, according to a third-quarter earnings report on Wednesday spanning July, August and September. Continue reading →

Profits roll in at Mr. Cooper as it pursues tech-fueled growth

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Deal to acquire Flagstar’s mortgage servicing business and correspondent lending platform is projected to grow Mr. Cooper’s servicing portfolio to $1.59 trillion. Continue reading →