Tag Archives: Markets & Economy

‘Hidden’ homeownership costs locking potential buyers in place

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Households have deferred moving, partially due to high “hidden” homeownership costs such as property taxes, insurance and climate change, according to a report. Continue reading →

Real Brokerage sees new highs in revenue, gross profit during Q2

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The cloud-based brokerage saw surprisingly positive second-quarter earnings results during a tough market. Real chairman and CEO Tamir Poleg said the results were a testament to the firm’s business model. Continue reading →

UWM shares at 3-year high on prospect of refi ‘mini boom’

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In Q2 earnings, the nation’s largest mortgage lender posted a healthy $76 million profit, paid down debt, and said it’s in prime position to capitalize and grow as mortgage rates drop. Continue reading →

Matterport revenue grows, losses improve during Q2

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Total revenue grew to $42.2 million during the second quarter of 2024, up from $39.6 million the previous year, as the company worked to increase its market share. Continue reading →

Redfin sees Q2 revenue rise, while losses remain nearly flat

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The company saw revenue climb 7 percent to $295.2 million between April and June, but it also lost $27.9 million — just a hair above its Q2 2023 loss. Continue reading →

Investment firm loses former Trump hotel to foreclosure auction

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Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375 million with a $285 million loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt. Continue reading →

Offerpad trims Q2 loss, but sales and revenue continue to slide

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Shares in Offerpad hit a new all-time low in after-hours trading Monday after the iBuyer reported that it continues to trim its losses but expects further declines in revenue and homes sold in the third quarter. Continue reading →

Younger homebuyers say they’d sacrifice safety for affordability

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Despite safety ranking high on the list of homebuyer concerns, many house hunters say they’re willing to consider purchasing in a high-risk area in exchange for affordable housing, according to a new report. Continue reading →

Mixed-use development delayed 18 months after radioactive findings

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The U.S. Navy will expand a toxic remediation project at the Hunter’s Point Shipyard after radioactive findings at the site. Continue reading →

What’s changed since NAR struck its deal: Client Pipeline Tracker

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Declining mortgage rates may finally be bringing some buyers back to the table. But agents will need to see more before they change their skeptical outlook, Inman Intel Index results suggest. Continue reading →