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

Home prices to spike in 2020: CoreLogic

Home prices in September grew by 0.4 percent from August and 3.5 percent year-over-year, according to a CoreLogic Home Price Index and Forecast report. Continue reading

The correlation between immigrants, housing and our communities is positive: Report

An October statistical analysis published by Clever Real Estate shows that there’s a strong correlation between higher home values and lower crime rates when immigrants, either legal or illegal, are accounted for. Continue reading

Apple becomes latest company to pledge money for housing crisis

The company announced Monday a $2.5 billion plan, highlighted by an affordable housing investment fund and a first-time homebuyer assistance program. Continue reading

Apple becomes latest company to pledge money for housing crisis

The company announced Monday a $2.5 billion plan, highlighted by an affordable housing investment fund and a first-time homebuyer assistance program. Continue reading