Tag Archives: Earnings

Compass grows revenue and agent count, market share tops 5%

By | | Uncategorized
Comments Off on Compass grows revenue and agent count, market share tops 5%

The company now has 17,752 principal agents. Founder and CEO Robert Reffkin said in a new earnings report that he believes his company will pull ahead in 2025. Continue reading →

Anywhere grows annual revenue to $5.7B to close out 2024

By | | Uncategorized
Comments Off on Anywhere grows annual revenue to $5.7B to close out 2024

The real estate franchisor improved losses, revenue and combined closed transaction volume during the fourth quarter of 2024 to put a cap on the year. Luxury continued to outperform the general market. Continue reading →

The big players sneakily winning the sluggish 2024 housing market

By | | Uncategorized
Comments Off on The big players sneakily winning the sluggish 2024 housing market

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

By | | Uncategorized
Comments Off on Opendoor lays off 300 workers after posting $78M Q3 loss

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

By | | Uncategorized
Comments Off on EXp posts modest revenue gain, reaching $1.2B in 3rd quarter

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

By | | Uncategorized
Comments Off on Douglas Elliman sees revenue inch upward after tumultuous Q3

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

By | | Uncategorized
Comments Off on The Q3 calls to watch closely as real estate’s ‘Super Thursday’ unfolds

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

By | | Uncategorized
Comments Off on LoanDepot is back in the black for the first time since Q4 2021

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

By | | Uncategorized
Comments Off on Offerpad dialed back its iBuyer acquisitions by 49% in Q3

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

By | | Uncategorized
Comments Off on Falling rates help boost Fannie and Freddie loan volumes, net worths

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 →