Tag Archives: Markets & Economy

Mortgage trends reflect a diversifying America: Redfin

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Rising population rates and a shrinking racial wealth gap have led to a rise in new mortgage applications among homebuyers of color, according to Redfin’s latest report. Continue reading →

Rocket Mortgage picks up market share — and turns a tidy Q1 profit

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On its quest to reclaim the title of nation’s biggest mortgage lender, Rocket didn’t sacrifice profits, generating $291 million in net income as revenue grew 107 percent from a year ago, to $1.38 billion. Continue reading →

RE/MAX revenue drops for 7th consecutive quarter

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Total revenue declined by 8.3 percent year over year to $78.3 million during the first quarter of 2024, which still bested analysts’ expectations for revenue to fall by 9.5 percent. Continue reading →

Opendoor revenue dips and losses rise amid Q1 transaction slump

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Opendoor drew $1.2 billion in revenue between January and March, according to first-quarter earnings data released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer. Continue reading →

Bad at math? Let David Childers illuminate the latest data

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Keeping Current Matters CEO David Childers and Jimmy Burgess discuss why a relevant market opinion based on facts, not fears, is key for educating consumers and navigating industry changes. Continue reading →

Rates ease as Fed says it will dial back balance sheet tightening

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Federal Reserve policymakers say they’ll slow the pace of “quantitative tightening” to $40 billion a month, less than half the pace envisioned 2 years ago. Continue reading →

Growth in residential, rental and mortgage segments lift Zillow in Q1

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Zillow tallied growing revenue while stabilizing losses in the first quarter of the year as the reigning search portal narrowed in on its post-commission settlement strategy on Wednesday. Continue reading →

EXp sees revenue rise, but agent count dips again in Q1

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The company earned $943 million in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780. Continue reading →