Tag Archives: exp world holdings

Compass faces first downturn amid pressure to cut costs

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The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn. Continue reading →

EXp founder Glenn Sanford speaks out on ‘lull’ in agent count growth

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EXp World Holdings founder Glenn Sanford said the tumultuous housing market was a factor in him stepping back into the role of CEO at eXp Realty, and the firm’s sluggish agent count growth. Continue reading →

Glenn Sanford steps in as eXp Realty CEO; Jason Gesing takes on new role

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Sanford will helm the company’s brokerage while Gesing, who had served as its chief executive officer, will shift into an expanded role as chief industry relations officer for eXp World Holdings. Continue reading →

Real estate in 2022: When the #@!$ finally hit the fan

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Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading →

EXp Realty expands into Poland amid international push

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Competition and a slowing market are making international expansions an increasingly important part of many U.S. companies plans for growth, including eXp Realty. Continue reading →

Opendoor lays off 18% of workforce ahead of Q3 earnings call this week

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The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry. Continue reading →

Revenues rise and profits fall for eXp amid a ‘challenging’ Q3

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EXp World Holdings revenue increased 12 percent to $1.2 billion during the third quarter of 2022; however, its profitability slid 81.5 percent to $4.4 million — a reflection of an increasingly choppy market. Continue reading →

Real estate companies are about to tell us just how bad the downturn is

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Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market. Continue reading →

Lights, camera, luxury: Inside eXp Realty’s newest division, eXp Luxury

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Inman spoke with Chief Growth Officer Michael Valdes and three of the company’s charter luxury advisory council members to learn what’s in store for agents as it ramps up the new division. Continue reading →

CoStar sees revenue, profit jump in Q3 despite slowing housing market

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In an earnings call Tuesday, the real estate giant pointed to its Apartments.com business as a particularly successful standout in an otherwise challenging market this summer. Continue reading →