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
Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023. Continue reading
The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don’t anticipate major disruptions. Continue reading
A $565 million influx of cash from an August SPAC merger and a $1 billion reduction in annual expenses put Better on a footing to navigate a challenging market, executives say. Continue reading
More than 4 million homeowners send their mortgage payments to Mr. Cooper, but it’s unclear how many had their data exposed as the company continues to investigate a breach discovered on Halloween. Continue reading
While transactions fell 15 percent from 2022, Fathom executives said during a Q3 earnings call Wednesday that its flat fee commission split model helped its agent network grow by 13 percent. Continue reading
From brokerage companies to portals to lenders and investors, Airbnb to Zillow, we’ve got the news you can use about the dollars and cents that are driving the real estate economy right now. Continue reading
While others are downsizing, the nation’s biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms. Continue reading
The brokerage saw revenue fall 10 percent year over year, but also managed to cut net losses from $154 million in the third quarter of last year to $39 million this time around, according to a Q3 earnings call Monday. Continue reading
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