Rocket reported a $493 million fourth-quarter net loss even after slashing expenses by $202 million from the third quarter as revenue fell 81 percent from a year ago to $481 million. Rocket executives say they’re focused on growing the company’s share … Continue reading
The company’s $17.6 million in fourth-quarter net earnings represented a 71 percent decline from a year ago. Black Knight books $452.5 million in 2022 profits, up 118 percent from 2021 with revenue climbing 5 percent to $1.55 billion. Continue reading
The Inman founder kicked off Disconnect in Palm Springs, California, on Monday by calling on real estate leaders to deliver a path forward through the rough patches ahead. Continue reading
What’s it like to lead during the largest housing market correction since the Great Recession? Inman wants to know what leaders, executives and entrepreneurs are doing to stay afloat. Continue reading
The bank says it has racked up $353 million in severance expenses as it closes branches and pursues a “more focused home lending business.” Continue reading
Catch up on the most-read stories of the week, as determined by Inman readers. Here’s Inman Top 5 for Feb. 17-23, 2023. Continue reading
OJO founder and CEO John Berkowitz shares what a Chinese translation of “crisis” means for his company and what impact artificial intelligence might have on real estate. Continue reading
Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1 million fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday. Continue reading
The deal is touted as a way to give mortgage lenders critical information about borrowers and properties at the beginning of the loan process. Continue reading
Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business. Continue reading