Tag Archives: Industry News

Matterport posts Q3 revenue gains while narrowing its losses

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The virtual tour software company posted $38 million in revenue, up from $28.4 million in Q2, while avoiding headwinds that have ensnared others in the real estate space, according to earnings on Thursday. Continue reading →

Blend announces more layoffs as cumulative losses surpass $1B

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The mortgage tech and title provider posted a $132.7 million net loss in the third quarter of 2022, with revenue falling 38 percent from a year ago to $55.3 million, according to an earnings call Thursday. Continue reading →

CRM Chime refocuses on real estate agents with latest software update

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By delivering market sales data, Chime customers can make better choices about where to focus their follow-up marketing campaigns, which can be launched directly from the resulting search function. Continue reading →

It’s the disruption, stupid! Redfin Now and the end of iBuying as we know it

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As Redfin winds down its operations, Opendoor and Offerpad are the last ones left for the most part — and they’re both struggling. Was iBuying a flash in the pan or is everyone simply looking in the wrong direction? Continue reading →

WeWork to close 40 locations across US amid otherwise promising Q3

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The co-working space lost $568 million in Q3, an improvement from the same period last year when it lost $802 million, according to earnings on Thursday. Its revenue hovered at $817 million, a 24 percent lift from 2021. Continue reading →

After cutting Q3 losses, loanDepot has sights set on breaking even

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The troubled lender has shed 5,200 workers through layoffs and attrition and is instituting other cost-cutting measures aimed at trimming $400 million in annual expenses by the end of the year. Continue reading →

Mortgage giants Fannie and Freddie battened down the hatches in Q3

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Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses that could result from falling home prices. 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 →