Will the second quarter of 2023 match real estate’s Q1 meltdown?

Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading

EXp team leader accused of sexual assault seeks to protect sex tapes

EXp founder and CEO Glenn Sanford is now a defendant in the sex trafficking case and allegedly turned a blind eye to the assaults for financial gain, according to an amended legal filing. Continue reading

Former KW CEO Mark Willis ‘home’ 18 months after eXp recruit drama

A year and a half after Keller Williams legally blocked eXp World Holdings’ attempt to recruit Mark Willis, the former KW CEO has returned to his roots in a new consulting role, Inman has learned. Continue reading

Real estate stocks are suddenly and finally on fire

Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector. Continue reading

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading

EXp Realty posts revenue decline as transactions and sales dip in Q1

EXp World Holdings tallied a 16 percent decrease in revenue in Q1 as transaction sides and volume at its brokerage, eXp Realty, fell by 10 percent and 20 percent, respectively, according to an earnings call on Tuesday. Continue reading

Cash to burn: Do real estate’s big players have enough in the bank?

Real estate businesses burned through billions in cash last year. Intel breaks down the biggest companies with the least wiggle room as economic uncertainty stretches into 2023. Continue reading

SUCCESS Enterprises announces Amy Somerville as new CEO

EXp World Holdings has tapped veteran professional development leader and strategist Amy Somerville to lead SUCCESS Enterprises, according to an announcement on Monday. As CEO, Somerville will oversee SUCCESS Enterprises’ flagship print magazine SUCCES… Continue reading

Real estate took a drubbing in Q4, but some companies still surprised

Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves. Continue reading

EXp cites ‘volatile housing market’ for double-digit sales decline in Q4

EXp World Holdings’ revenue increased 13 percent to $933 million in Q4 2022 as closed transaction sides and volume fell by 13 percent and 16 percent, respectively, according to an earnings call Tuesday afternoon. Continue reading