Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10 billion year, we’ve rounded up the top stories all in one place. Here’s what you might have missed. Continue reading
The nation’s biggest mortgage lender posts its first annual loss since going public in 2020, largely driven by $854.1 million in write-downs of mortgage servicing rights. Continue reading
Redfin continued its recovery during the fourth quarter, with revenue declining 2 percent year over year to $218.1 million — a near 180 from its Q1 and Q2 showings where annual revenue declines topped 20 percent. Continue reading
The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier. Continue reading
The iBuyer expects to sell between 750 and 850 homes during Q1 2024, generate $245 million to $285 million in revenue and achieve positive adjusted earnings later this year. Continue reading
CEO Andy Florance touted his company’s residential portal Homes.com as the “fastest growing residential property site in the United States” in a new earnings report released Tuesday. Continue reading
The company said it expects to grow total revenue 19 percent to 22 percent this year as it continues its expansion as an industry leader. Continue reading
In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the “potential for a more normalized macro backdrop” in 2024. Continue reading
The real estate brokerage and franchisor posted $5.6 billion in revenue during a grueling 2023 while losses improved to $97 million, according to a full-year earnings call on Thursday morning. Continue reading
The company earned $9.9 billion in total revenue for the year, nearly half of which was company profit. That is more than double the total revenue the company earned in 2019, before the pandemic upended travel. Continue reading