In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29 percent, to $101.2 billion, and higher profit margins on those loans helped boost net revenue by 34 percent, to $5.1 billion. Continue reading
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading
RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership. Continue reading
Redfin posted double-digit revenue growth for Q4 and FY 24 on Thursday. The company’s $100 million Zillow rental syndication deal has opened the door for greater advertising spend, CEO Glenn Kelman said. Continue reading
Learn how this broker-owner has experienced success as solo agent, leader of a high-performing team and co-owner, launching a brokerage that now holds the No. 1 market share. Continue reading
Real estate brokerage Q4 earnings winners surged ahead by betting on rentals, AI-driven efficiencies and streamlined operations. Continue reading
The iBuyer’s $1.1 billion in Q4 revenue wasn’t enough to offset a loss of $113 million. However, CEO Carrie Wheeler said the company entered 2025 as “a leaner, more efficient business.” Continue reading
Total revenue was $169.7 million, up 8 percent compared to a year earlier, boosted by its 1.2 million subscribers as the company bolstered its ongoing revenue streams. Continue reading
CoStar Group announced plans on Monday to add 1,000 new employees to its Richmond, Virginia, campus. The hiring push also comes with cuts to a number of unspecified teams. Continue reading
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year. Continue reading