Tag Archives: News Brief

Opendoor’s revenue declines as losses also grow in second quarter

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The iBuyer’s revenue declined 24 percent year over year to $1.5 billion as losses hit $92 million, down from positive income of $23 million the previous year. Continue reading →

Anywhere’s revenue remains flat during Q2 at $1.7B

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The franchisor’s revenue remained flat year over year as it had to make significant payments during the quarter to address the commission lawsuit settlement and a 1999 tax matter. CEO Ryan Schneider expressed confidence in the company’s ability to navi… Continue reading →

Compass CEO: Clear cooperation is ‘anti-homeowner’

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Robert Reffkin on Wednesday said clear cooperation attaches “negative insights” to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed. Continue reading →

Home prices grew in May as mortgage rates, inventory rose

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The S&P CoreLogic Case-Shiller Index and FHFA House Price Index showed “no relief” for homebuyers hoping for falling home prices as mortgage rates remain elevated. Continue reading →

Lofty unveils LoftyWorks at ICLV

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Real estate software company Lofty is putting its considerable development resources into the apartment market with the release of LoftyWorks. Continue reading →

Commercial market bottom nears as foreclosures surge

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Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5 billion during the second quarter of 2024, the highest quarterly figure posted since 2015, according to MSCI. Continue reading →

Bulletproof Ohio home goes under contract after multiple offers

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The home was listed for $399,900 over two weeks ago. Listing agent Jon Modene refers to the home as having “the strangest and greatest potential I have ever seen.” Continue reading →

Big brand marketing platform SOCi is the latest to join MoxiCloud

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Real estate software company MoxiWorks has been building its 150-plus member MoxiCloud network for years to help users solve challenges its products may not address. The latest to be selected is SOCi, a powerful online marketing solution. Continue reading →

Douglas Elliman, Side execs knew of Alexander bros, sources claim

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New reports from “The New York Times” and “The Wall Street Journal” suggest that executives at Douglas Elliman and Side had heard about sexual assault allegations made against the Alexander brothers while they worked for their firms. Continue reading →