Tag Archives: Industry News

Real estate investors believe the worst may be in the rear view

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The outlook is mixed, but “it does look like prices may have bottomed out and are on their way back up,” said CJ Patrick Company CEO Rick Sharga. Continue reading →

Industry rallies to work around ongoing Rapattoni cyberattack

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A ransomware attack was unleashed last Wednesday, Aug. 8, on Rapattoni, a prominent software and property data provider for the real estate industry. The attack is ongoing, according to reports. Continue reading →

Blend Labs laying off 150 more workers on ‘path to profitability’

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The mortgage technology, title provider and cloud-based banking platform has eliminated more than 1,000 positions in five rounds of layoffs in the last 16 months. Continue reading →

The 2 ‘buzzwords’ Keller Williams’ Marc King wants agents to master

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Keller Williams President Marc King told Inman he wants KW agents to sharpen their lead generation and conversion strategies as the brokerage’s annual Agent Mega Camp hits Austin this week. Continue reading →

Despite Q4 decline, Realtor.com says it’s ready to take on CoStar

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Realtor.com parent company Move’s Q4 and FY 2023 revenues slipped by double digits, with the company bringing in $602 million for the full year, according to an earnings call on Thursday. Despite its struggles, News Corp CEO is confident in the brand’s… Continue reading →

Title tech provider Flueid raises $10M in Series B1

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The round, led by existing investor Aquiline Technology Growth, will allow Flueid to add more integrations to its verification of title solutions suite and refine its purchase solution. Continue reading →

The Real Brokerage more than doubles revenue, agent count in Q2

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NYC-based Real Brokerage’s second-quarter revenue increased 65 percent year over year to $185.3 million. Despite raising fees in the first quarter, its agent count ballooned 105 percent year over year to 11,500, according to an earnings report. Continue reading →

Fathom Realty trims its losses during Q2 as agent count grows

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Fathom logged a net loss of $4.3 million during the second quarter, an improvement over the $5.7 million loss logged during the first quarter, according to its earnings report released Wednesday. Continue reading →

‘Substantial doubt’ that WeWork can stay afloat, company says

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By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading →

Matterport defies Q2 revenue estimates as subscribers multiply

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Matterport posted second-quarter revenues of $39.6 million — a 39 percent increase from the same period a year earlier that squeaked past analyst estimates of $39.2 million, according to a Tuesday earnings call. Continue reading →