Redfin’s iBuying revenues grew by more than 1,000% in Q3
The brokerage and portal company raked in $540 million between July and September, and it saw its losses improve. Continue reading
The brokerage and portal company raked in $540 million between July and September, and it saw its losses improve. Continue reading
Most of the decline in mortgage rates came later in the week, too late to prevent demand for refinancing from dropping to the lowest level since January 2020. Continue reading
The Federal Reserve this month will begin drawing down the support it’s provided to mortgage rates during the pandemic. Continue reading
Thirty minutes into trading on Wednesday, Zillow Group’s stock was down about 16.6 percent to around $70.55 per share. Continue reading
Access to too much capital often blurs good real estate investor judgment. Over-leveraged investors can easily lose everything. Continue reading
EXp World Holdings, parent company of eXp Realty, shared third-quarter 2021 earnings results Wednesday. The company raked in $1.1 billion in revenue as its agent count grew 82 percent. Continue reading
Joint ventures with homebuilders and referral relationships with real estate agents are helping fuel loanDepot’s partner channel. Continue reading
On Tuesday, Zillow announced that it would shutter Zillow Offers, its embattled iBuyer program. With plans to unload 7,000 homes at an estimated $2.8 billion, Inman wants to know if there’s another way out. Continue reading
The popular portal raked in $1.7 billion during the third quarter of 2021, though it also lost $328 million — much of it from iBuying. Continue reading
The move should take several quarters and will also result in Zillow reducing its workforce by approximately 25 percent. Continue reading