After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring. Continue reading
Two or more smaller apartments being combined to make one bigger living space has cost the city over 100,000 housing units according to “The New York Times.” Continue reading
NextHome CEO James Dwiggins points out that the final chapter of the bombshell commission lawsuits hasn’t been written in this interview with Bernice Ross. Find out what you need to know to plan ahead. Continue reading
Available in Arizona, Oregon and Illinois at launch, Better Insurance will expand into Oklahoma, Tennessee and Wisconsin in the next four weeks. The goal is to be in all 50 states in a year. Continue reading
Despite Vrbo itself struggling, Expedia, the travel booking company that owns the short-term rentals platform, recorded $425 million in profits during the third quarter. Continue reading
EXp World Holdings’ revenue declined 2 percent annually to $1.2 billion in the third quarter, according to a call on Thursday. The company held onto its profitability, with net income reaching $1.4 million. Continue reading
The company posted profits of $98.3 million, up 8 percent from the third quarter of 2022, while tallying $269 million in revenue, a decrease of 12 percent from a year ago, according to third-quarter earnings Thursday. Continue reading
The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal from Q2’s net profit. Continue reading
In an Inman Connect conversation with Kendall Bonner, Ivy Zelman said she doesn’t see the housing bubble bursting like it did on 2008, but she also doesn’t expect the market to get easier for anyone anytime soon. Continue reading
Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it? Continue reading