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
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
The layoffs are the second round of job cuts from the end-to-end platform pioneer this year. They also add to thousands of other real estate layoffs this year. Continue reading
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
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
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
The real estate brokerage and tech platform is accelerating cost-cutting after posting a $6 million, third-quarter loss, with revenue up 10.2 percent to $111.3 million and agent count up 33 percent, to 9,991. Continue reading
United Wholesale Mortgage says it’s attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share. Continue reading
Catch up on the most-read stories of the week, as determined by Inman readers. Here’s Inman Top 5 for Oct. 28 – Nov. 3, 2022. Continue reading
The New York-based luxury real estate brokerage reported consolidated revenues of $272.6 million in third-quarter earnings Thursday, compared to $354.2 million over the same period in 2021. Continue reading