Fathom Realty has more agents, fewer Q1 sales than a year ago

CEO Marco Fregenal says the flat-fee brokerage is making progress toward achieving 2024 goals despite seasonality and broader industry challenges driving a $5.9 million Q1 net loss. Continue reading

UWM hiring ‘hundreds’ as mortgage originations surge 24%

Q1 net earnings of $180.5 million were boosted by the sale of $70 billion in mortgage servicing rights (MSRs) and a $141 million markup in the value of the $230 billion in MSRs UWM retained. Continue reading

RE/MAX revenue drops for 7th consecutive quarter

Total revenue declined by 8.3 percent year over year to $78.3 million during the first quarter of 2024, which still bested analysts’ expectations for revenue to fall by 9.5 percent. Continue reading

Matterport Q1 revenue jumps as subscribers unexpectedly grow

On a quarterly earnings call Tuesday, Matterport told shareholders, analysts and media attendees that total revenue for the first quarter of 2023 was $38 million, a 33 percent increase from quarter one last year.
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WeWork takes bite out of losses as debt overhaul starts to pay off in Q1

The co-working behemoth posted a net loss of $299 million in the first quarter, a $205 million improvement from a year earlier, according to Q1 earnings data released Tuesday morning. Continue reading

Airbnb faces Q1 loss of $1B

Despite continuing to suffer losses in the wake of the pandemic, Airbnb’s CEO Brian Chesky expressed optimism about an upcoming summer full of pent-up travel demand. Continue reading

Continuing to ride housing boom, Realogy posts its strongest Q1 ever

In an earnings report released Thursday, the company said it took in $1.5 billion in revenue in the first quarter of the year, a 32% year-over-year increase. Mortgage and title played a growing role. Continue reading