Tag Archives: Markets & Economy

News Corp. falls short on revenue, touts ‘healthy growth’ in real estate services

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News Corp., the parent company of Move’s realtor.com and Australia-based REA Group, beat analysts’ expectations Thursday, posting adjusted third quarter fiscal year 2019 earnings of 4 cents per share, compared to the consensus estimate of 1 cent per sh… Continue reading →

Realogy CEO buys $1M of company stock following losses

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One week after Realogy stock sank to a new low, CEO Ryan Schneider has purchased $1 million worth of the company’s shares in an apparent show of support for the brand. Continue reading →

Redfin beats expectations with $110M revenue in Q1 2019 earnings

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The tech-focused Seattle-based real estate brokerage Redfin reported $110.1 million in revenue, a year-over-year increase of 38 percent and a net loss of $67.2 million in the first quarter of 2019, according to its latest earnings report.  Continue reading →

Construction jobs gap is holding back housing starts: NAR study

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Construction jobs remain below pre-recession levels — and the employment gap is dragging down housing starts, according to a new study from the National Association of Realtors. Continue reading →

263,000 US jobs added in April — including 80K in real estate

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The economy surpassed all expectations in April with employment across the country bolstered by 263,000 new jobs, including tens of thousands in the real estate industry, according to the U.S. Bureau of Labor Statistics. Continue reading →