Tag Archives: Q3 earnings

RE/MAX revenue declined 3.4%, US agents continue to depart in Q3

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A new quarter saw continuing trends for RE/MAX in decreasing revenue and U.S. agent count, but the franchisor also vastly improved its net income year over year. Continue reading →

Mr. Cooper back online after ‘precautionary’ 4-day shutdown

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More than 4 million homeowners send their mortgage payments to Mr. Cooper, but it’s unclear how many had their data exposed as the company continues to investigate a breach discovered on Halloween. Continue reading →

Fathom Realty continues to grow agent count with rebound in sight

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While transactions fell 15 percent from 2022, Fathom executives said during a Q3 earnings call Wednesday that its flat fee commission split model helped its agent network grow by 13 percent. Continue reading →

Weathering the storm: A Q3 2023 earnings roundup

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From brokerage companies to portals to lenders and investors, Airbnb to Zillow, we’ve got the news you can use about the dollars and cents that are driving the real estate economy right now. Continue reading →

Tough times for mortgage lenders? UWM hired 1,000 employees in Q3

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While others are downsizing, the nation’s biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms. Continue reading →

Douglas Elliman posts mounting losses, declining revenue in Q3

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The New York-based brokerage reported consolidated revenues of $251.5 million in Q3, a drop from the third quarter of 2022 when it tallied $272.6 million in revenue, according to an earnings call Wednesday. Continue reading →

Blend now focused on growth in quest to return to profitability

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Mortgage and banking tech provider reports a $41.8 million Q3 net loss with revenue down 27 percent from a year ago to $40.59 million, but company executives emphasize potential for growth. Continue reading →

RE/MAX hangs onto slim profit in Q3 amid housing downturn

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Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday. Continue reading →

RE/MAX CEO: Balanced housing market, seasonal norms will return

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RE/MAX CEO Adam Contos stressed during a third-quarter earnings call Tuesday that the company’s recent investments are beginning to pay off and that it’s on firm footing for 2022. Continue reading →

RE/MAX delivers record Q3 revenue amid RE/MAX Integra acquisition

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The record quarter was largely driven by the company’s purchase in July of RE/MAX Integra, a $235 million deal that marked the largest franchise acquisition in the brokerage’s history. Continue reading →