Housing affordability improved modestly in third quarter: NAR

In the third quarter, mortgage rates fell from 4.08 percent to 3.71 percent, according to data from the National Association of Realtors. Continue reading

Redfin beats expectations, posts $239M in revenue for Q3 2019

The latest earnings report comes as the tech-oriented brokerage steadily expands programs such as RedfinNow and Redfin Direct, which could upend how consumers engage with real estate. Continue reading

Redfin beats expectations, posts $239M in revenue for Q3 2019

The latest earnings report comes as the tech-oriented brokerage steadily expands programs such as RedfinNow and Redfin Direct, which could upend how consumers engage with real estate. Continue reading

EXp World Holdings posts major revenue gain, losses narrow

EXp World Holdings, the parent company of virtual cloud real estate brokerage eXp Realty, continued its precipitous growth in the third quarter of 2019, posting $282 million in revenue, a year-over-year growth of nearly 80 percent. Continue reading

SoftBank posts $6.4B loss, CEO ‘regrets’ WeWork investment

The company also reported it lost $4.6 billion in its WeWork stock value after WeWork’s failed initial public offering earlier this year. Continue reading

Stagnant homeowners are creating an inventory catch-22

A new study by Redfin revealed the average homeowner in 2019 has lived in their home for 13 years, a five-year increase from 2009. Continue reading